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Inc. Agreement <br /> <br />Revised 11/24 <br /> <br />Applicant shall do so. <br />• Each grant recipient receiving a grant must provide an accounting of how all funds were used and <br />key milestones reached by the venture within 180 days of the receipt of the grant. This accounting <br />will include a request for proof of expenditures made including copies of receipts and/or photos of <br />the equipment or facility upgrades made. If grant funds are used towards employee costs, a copy <br />of the business’ NC Employment Security Commission reports or IRS 941 Payroll quarterly <br />reports shall be provided to the County as evidence of compliance. <br />• As a condition of receiving grant funds, Grant recipients may be asked to commit to mentoring, <br />and if asked shall do so, with an experienced business coach or mentor at one of the following: <br /> <br />➢ SCORE Chapel Hill (Service Corps of Retired Executives) <br />104 S. Estes Drive, Chapel Hill, NC 27516 <br />(919) 240-7765 <br />https://chapelhill.score.org/ <br />Chapelhillinfo@scorevolunteer.org <br /> <br />➢ SBTDC (Small Business & Technology Development Center) <br />UNC Chapel Hill, 1700 Martin Luther King Jr Blvd <br />Suite 115 / CB# 1823, Chapel Hill, NC 27514 <br />(919) 962-0389 <br />http://www.sbtdc.org/offices/unc/#sthash.UJQjZW0L.dpuf <br /> <br />➢ The Small Business Center (Durham Technical Community <br />College) <br />The Chesterfield <br />701 W. Main Street, Suite 203, Durham, NC 27701 <br />919-536-7241 <br />https://www.durhamtech.edu/small-business-center <br /> <br />➢ Launch, Inc. (by application) <br />136 East Rosemary St #100, Chapel Hill, NC 27514 <br />(919) 244-2474 <br />http://www.launchchapelhill.com/ <br />info@launchchapelhill.com <br /> <br />➢ 1789 HUB (by application) <br />173½ East Franklin Street, Chapel Hill, NC 27514 <br />https://1789hub.com/ <br />1789management@gmail.com <br /> <br />➢ A mentor approved by the Subcommittee <br /> <br />ELIGIBLE USES OF GRANT PROCEEDS <br />• Working capital or operational funds to be used for a specific purpose; to include expenses <br />such as marketing, advertising and inventory etc. <br />• Purchase of equipment, or machinery. <br />• Expansion of business services or products. <br />• Work force expansion; to include employee salary (at or above the Orange County living wage) <br />• Tenant up-fit or leasehold improvements. *Not an eligible use for start-up grant funds <br />The grant recipient is bound to the use(s) of funds outlined in the application and approved by the <br />committee. Any change of use from those approved by the committee requires aut horization from <br />County Economic Development staff and/or grant committee approval prior to funds being spent on <br />alternative uses. Grant funds may not be used to reimburse prior expenses incurred before grant funds <br />Docusign Envelope ID: 21259ED6-5497-4585-9819-02654A79CD12