Grant Disbursement Procedure

Business Expenditure Menu

Description

Maximum Expenditure ($)

Maximum Annual Expenditure

MCC Business Course Tuition (per class)

$85.00 per credit hour

$2,200.00

Textbooks and required course materials

$400.00 per semester

Misc. Business expenses

i.e.: Business cards

$200.00

$1,000.00

Legal Services associated with name registration, trademark registration, and intellectual property protection

$600.00

Business Registration Fees

$200.00

Website Development

$2,000.00

Annual Website Hosting

Social Media Development

Social Media maintenance

SEO services

Mesa Chamber of Commerce membership fees

$200

$200

Participation fees

$300

Education Scholarships:

The Santander Grant can be used to provide educational scholarships to low-income and underserved students aspiring to open a business. Your Green Flag application will also serve as an application to award scholarships to students who have been selected into the program.

To receive scholarship funds, please email Dan Piercy a list of the classes you are planning to take during the upcoming semester. Include the course and section number, also include the credit hours. You must make this request on your Maricopa email account and provide your personal student ID number. Once the request is received it will be submitted to financial aid for processing on the student's account. The funds will pay any balance that is due. If the student does not have a balance, the funds will be refunded via the Maricopa Student Refund Program (MSRP).

Business Expenses:

Business funding requests will require students to present a budget of business expenditures for the 2021-22 academic year (August 2021 through July 2022). Budgets should itemize each expenditure requesting grant disbursements. Your budget should itemize each grant expenditure with a description of the expenditure, a specific dollar amount required, and a justification for the expenditure, with an explanation of how this expenditure will benefit the business venture. Providing a budget of business expenditures is a common practice in any business organization and teaches financial responsibility as well as control over expenditures.

Budget Request Template:

Use this template to request disbursements of business-related expenditures such as business startup expenses, legal fees associated with name registration, trademark registration, and intellectual property protection, website development, annual website hosting, social media exposure, SEO, marketing, Mesa Chamber of Commerce membership fees, and participation fees for Mesa Networking groups, events, and other business community events.

Budgets should itemize each expenditure requesting grant disbursements.

Description of Expenditure

Dollar amount requested

Business Justification

Why do you need this expenditure?

How will this expenditure benefit the business?

Each expenditure request will be submitted to and approved by the Selection and Disbursement Committee. Once approved acceptable disbursements will be issued to the appropriate party.