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Revised 4/26 <br /> <br />key milestones reached by the venture within 180 days of the receipt of the grant. An additional <br />one-year expenditure report on jobs, sales and key milestones of the venture will be required <br />within 365 days of receipt of the grant. This accounting will include a request for proof of <br />expenditures made including copies of receipts and/or photos of the equipment, inventory <br />purchased, or facility upgrades made. If grant funds are used towards employee costs, a copy of <br />the business’ NC Employment Security Commission reports or IRS 941 Payroll quarterly reports <br />shall be provided to the County as evidence of compliance. <br />• To guarantee grant funds are utilized for the purposes for which they are approved and <br />issued, grant recipients shall execute and agree to be bound by a personal guaranty of the <br />grant amount prior to disbursement. Failure to utilize grant funds as require d may result <br />in collection action against the grant recipient. <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 /> <br /> <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 /> <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 />➢ A mentor approved by the Subcommittee <br /> <br />ELIGIBLE USES OF GRANT PROCEEDS <br />For-Profit Applicants <br />• Marketing and advertising (Grant applicants that utilize Orange County based marketing and <br />advertising companies may be scored higher) <br />• Inventory and supplies (Computer Software is an eligible use of funds) <br />• Purchase of equipment and/or machinery (Tangible items to be reported to the Orange County <br />Tax Office as Business Personal Property.) <br />• Workforce expansion; to include employee salary. Grant applications may be scored higher for <br />Docusign Envelope ID: E5343589-05D7-8322-8069-0A99C4B4ADC8