What is the community enrichment requirement of the program?

All applicants who are awarded a forgivable loan through the UpStart Cocoa program are required to give back to the Cocoa community through the donation of volunteer hours, goods or services. Donations shall be made to a public entity (schools, non-profit organizations, etc.) or a 501(c)(3) providing services to the Cocoa community. This must be completed within the three year term of the loan agreement.

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1. What is UpStart Cocoa?
2. Am I eligible to apply for an UpStart Cocoa Forgivable Loan?
3. What is the community enrichment requirement of the program?
4. How will the funds be provided to the chosen business?
5. What is the purpose of the weVENTURE portion of the program?
6. Who is on the UpStart Cocoa and UpStart Diamond Square review committees?
7. How will applications be reviewed?
8. What factors will the review committee use for funding recommendations?
9. What are the conditions of the loan agreement once funding recommendations have been made to City Council?
10. How do I get reimbursed for eligible expenses?
11. What happens if I do not comply with the terms of the loan agreement?