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Revised 1/25 <br /> <br />Economic Development Advisory Board. <br /> <br />The Subcommittee Chair, elected by the Subcommittee, shall generally monitor the duties of the Grant <br />Program administration; make sure grant proposals are properly prepared prior to thei r presentations at <br />the Subcommittee meetings, with the assistance of County staff if needed. <br /> <br />The Subcommittee will have the following responsibilities: <br />• Find creative ways to grant funds to stimulate successful Business Investment development and <br />job creation. <br />• Review grant applications quarterly and, determine which applications meet eligibility <br />requirements and whether an eligible application will be approved, approved with conditions, <br />submitted to the applicant for more information, or denied funding. <br />• Periodically review status of existing grants to determine if funds are being used in the manner in <br />which they were intended and recommend appropriate corrective action where needed. <br />• Evaluate grant application requirements and make appropriate adjustments as needed to <br />accomplish the objectives of the program. <br />• Conduct annual review of grants and their impact on the County’s Business Investment <br />environment. <br />• Provide explanation of why grant was not approved, if requested. <br /> <br />GRANT PROGRAM ADMINISTRATION <br />The Grant Program will be administered by a Subcommittee consisting of five members from the <br />Orange County Economic Development Advisory Board. The Subcommittee will meet quarterly to <br />make and facilitate grants. A quorum will consist of 3 voting members of the Subcommittee. As outlined <br />in the Orange County Advisory Board Ethics Guidelines, a member shall disclose any potential conflict <br />of interest and request to be excused from voting when there is a conflict of interest. County staff may <br />be utilized to service grants, including receiving applications, notifying applicants of the Subcommittee’s <br />decision, making payment to grant recipients, and generating administrative reports. <br /> <br />DEADLINES (of each year by 5:00 pm) <br />• March 31 <br />• June 30 <br />• September 30 <br />• December 31 <br /> Grant cycle deadlines may be adjusted should program funding be depleted early during the fiscal year. <br /> Please check the Orange County Economic Development website for up-to-date information on the next <br /> available grant cycle. <br /> <br />FUNDING <br />The County will provide funding for the Grant Program through revenues generated from the Orange <br />County quarter cent sales tax. <br /> <br />COMMITMENT PERIOD <br />The County will support the Program until funding is exhausted; demand for the Program no longer <br />exists, or until it is no longer financially feasible. <br /> <br />ELIGIBILITY <br />• Applicant’s business must be physically located in Orange County, North Carolina in areas <br />zoned appropriately for their use. If a business is operating out of their Orange County <br />residence as a home-based business, they shall seek confirmation from the entity having <br />jurisdiction that any additional approval related to home-based businesses has been received <br />and shall provide evidence of such approval upon request. A virtual address or P.O. Box in <br />Orange County, NC does not meet the physical location requirements for this grant program. <br />Applicant’s business must be in operation, generating sales/revenue, for at last 6 -months prior <br />Docusign Envelope ID: 92F7E38C-BCCB-4633-A73E-2D78A0646D46