The Orange County Business Investment Grant Program stimulates successful non-farm Business Investment development and expansion in Orange County.
Donor Name: Orange County
State: North Carolina
County: Orange County (NC)
Type of Grant: Grant
Deadline: 09/30/2023
Size of the Grant:
- Startup Grant: Up to $1,500.00
- Small Grants: Up to $1,500.01 – $5,000.00
- Large Grants: From $5,000.01 – $10,000.00
Details:
By making economic development grant funds available, the County will be growing its entrepreneurial ecosystem and supporting existing Business Investment and early-stage venture growth, in order to increase jobs, opportunities and grow the commercial tax base in Orange County.
Types of Grants
- Start-Up Grant (up to $1,500)
- Intended for applicants that have been in operation for 6-months or less and have a connection with business counseling services through organizations such as Launch, Piedmont Food Processing Center, Midway Business Center, Small Business and Technology Development Center (SBTDC), Service Corps of Retired Executives (SCORE), Durham Tech Small Business Center etc.
- Small Grant ($1,500.01 – $5,000)
- Grant applications for $1,500.01 to $5,000.00 are intended for applicants that have been operational for at least 6-months.
- Large Grant ($5,000.01 – $10,000)
- Grant applications for $5,000.01 or more are intended for applicants that have been operational for at least 1-year and will require additional financial information and a formal business plan. Should market conditions change, or in the event of an applicant with extraordinary conditions, a grant amount exceeding the maximum may be considered by the Subcommittee. All grants are subject to availability of funds.
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, 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. The Startup Grant Program is intended to serve applicants that have been in operation for less than 6-months and have a connection with business counseling services through organizations such as Launch, Piedmont Food Processing Center, Midway Business Center, Small Business and Technology Development Center (SBTDC), Service Corps of Retired Executives (SCORE), Durham Tech Small Business Center etc.
- Applicants and their businesses must not have any past due tax, fee, or fine applicable to Orange County.
- Applicant must be current with any existing Orange County Small Business Loan, CROP Loan or Emergency Small Business Loan Payments.
- Applicant must wait at least 6-months from previous award before reapplying if they have received funding under the startup and small grant categories, or one-year if they have received funding under the large grant category.
- Duplication of benefits prohibited. No individual applicant’s business or affiliated owner(s) shall receive in excess of $10,000 from Orange County’s Small Business and Large Business Investment Grant Programs, the Agriculture Grant Program, and any other County grant awards over a two year period. This prohibition includes a situation in which the same owner(s) owns multiple businesses. In such a situation if one or more of the multiple businesses applied for a grant(s) the maximum available to any one or more of such businesses is $10,000.
- Applicants who have taken legal action against the County in the past 12-months, or have an active legal case, and who applies for any available County grant program, are ineligible to apply for and receive grant funding through Orange County Government until the settlement or dismissal of such legal action.
For more information, visit Orange County.
