Deadline: 31-Dec-20
The Orange County Economic Development is seeking applications for the Business Investment Grant Program to stimulate successful non-farm Business Investment development and expansion in Orange County.
By making economic development grant funds available, the County will be growing its entrepreneurial ecosystem, supporting existing Business Investment and early-stage venture growth, in order to increase jobs, opportunities and grow the commercial tax base in Orange County.
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 applications meet eligibility requirements and whether an eligible application will be approved, approved with conditions, or submitted to the applicant for more information.
- 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.
Funding Information
The program will provide two types of grants:
- Small Grants: Up to $1,500.00;
- Large Grants: From $1,500.01 – $10,000.00.
Eligibility Criteria
- Applicant’s business must be located in Orange County in areas zoned appropriately for their use.
- Applicant’s business must be in operation for at least 6 months prior to the application deadline.
- Applicants and their businesses must not have any past due tax, fee, or fine in Orange County.
- Applicant must wait at least 6 months from previous award before reapplying if they have received funding under the small grant category, or one year if they have received funding under the large grant category.
For more information, visit https://www.growinorangenc.com/about-us/small-business-assistance/small-business-loan-grant/
