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Revised 4/26 <br /> <br />• Ventures that implement planning and economic development policies which create a balanced, <br />dynamic local economy that promotes diversity, sustainable growth, and enhanced revenue while <br />embracing community values will also be given priority. <br /> <br />AMOUNT OF GRANTS <br />Use of funds for all grant programs - Priority will be given to applicants demonstrating a clear need for <br />grant funds to grow their business, hire additional staff, grow the commercial tax base, and/or create a <br />significant economic impact in the County that can be measured by job growth and/or net new retail or <br />property tax revenues. Preference will be given to applicants that intend to hire Orange County based <br />residents and utilize Orange County based vendors and service providers. <br /> <br />Small Grant – Up to $5,000.00 <br />Grant applications up to $5,000.00 are intended for applicants that have been operational, generating <br />sales/revenue, for at least 6-months. <br /> <br />Large Grant – $5,000,01 - $10,000.00 <br />Grant applications for $5,000.01 or more are intended for applicants that have been operational, <br />generating sales/revenue, for at least 1-year and will require additional financial information and a formal <br />business plan. Should market conditions change, or in the event of an applicant with extraordinary <br />conditions, a grant amount exceeding the maximum may be considered by the Subcommittee. All grants <br />are subject to availability of funds. <br /> <br /> <br />High Potential Founders - Although all applicants will be considered, business owners who exhibit the <br />following characteristics will be given priority: <br /> <br />a. Have a thorough understanding of their market <br />b. Have assembled a talented paid team of employees <br />c. Have a passion for building their venture in Orange County <br /> <br />High Potential Ventures - Priority will be given to “growth” ventures capable of expanding rapidly, <br />renting office space in Orange County, and hiring Orange County residents. <br /> <br /> <br /> <br /> <br /> <br />Docusign Envelope ID: E5343589-05D7-8322-8069-0A99C4B4ADC8