2025-753-E-Economic Dev-Renovating Expert-Business Investment Grant

Browse Search

Revised 12/25 the Subcommittee meetings, with the assistance of County staff if needed. The Subcommittee will have the following responsibilities: • Find creative ways to grant funds to stimulate successful Business Investment development and job creation. • Review grant applications quarterly and, determine which app lications meet eligibility requirements and whether an eligible application will be approved, approved with conditions, submitted to the applicant for more information, or denied funding. • Periodically review status of existing grants to determine if funds are being used in the manner in which they were intended and recommend appropriate corrective action where needed. • Evaluate grant application requirements and make appropriate adjustments as needed to accomplish the objectives of the program. • Conduct annual review of grants and their impact on the County’s Business Investment environment. • Provide explanation of why grant was not approved, if requested. GRANT PROGRAM ADMINISTRATION The Grant Program will be administered by a Subcommittee consisting of five members from the Orange County Economic Development Advisory Board. The Subcommittee will meet quarterly to make and facilitate grants. A quorum will consist of 3 voting members of the Subcommittee. As outlined in the Orange County Advisory Board Ethics Guidelines, a member shall disclose any potential conflict of interest and request to be excused from voting when there is a conflict of interest. County staff may be utilized to service grants, including receiving applications, notifying applicants of th e Subcommittee’s decision, making payment to grant recipients, and generating administrative reports. DEADLINES (of each year by 5:00 pm) • February 28th • June 30th • October 31st Grant cycle deadlines may be adjusted should program funding be depleted early during the fiscal year. Please check the Orange County Economic Development website for up-to-date information on the next available grant cycle. FUNDING The County will provide funding for the Grant Program through revenues generated from the Orange County quarter cent sales tax. COMMITMENT PERIOD The County will support the Program until funding is exhausted; demand for the Program no longer exists, or until it is no longer financially feasible. ELIGIBILITY • Applicant’s business must be physically located in Orange County, North Carolina in areas zoned appropriately for their use. If a business is operating out of their Orange County residence as a home-based business, they shall seek confirmation from the entity having jurisdiction that any additional approval related to home-based businesses has been received and shall provide evidence of such approval upon request. A virtual address or P.O. Box in Orange County, NC does not meet the physical location requirements for this grant program. Applicant’s business must be in operation, generating sales/revenue, for at last 6 -months prior to the application deadline to be eligible for the Small Grant, and for at least 12-months for the Large Grant Program. If a business has operated within a different Orange County physical location during the prior 6- or 12-month period, please provide all physical addresses associated in the application. • Applicants and their businesses must not have any past due tax, fee, or fine applicable to Docusign Envelope ID: EBC81E0D-9B19-4C6A-BC18-9F00A69E4E8D