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Composition I: ENG 160 / Business FIG Essay #3 Formal Business Proposal (Linked to Essay #4 Project--Commercial)* Length: Word count will vary, but your formal proposal should contain all the parts listed on pp. 37-45 in our textbook and be very similar in length. These parts of a formal proposal include: • Cover/Title Page • Letter/Memo of Transmittal • Table of Contents • List of Illustrations (optional; but you should include some illustrations) • Executive Summary • Introduction • Discussion Sections • Conclusion • Appendices (optional) • In-text citations and a works cited page indicating where you have found outside sources such as statistics, graphs, etc. Place your formal proposal in a binder. Save all pages in ONE FILE and upload to Blackboard where indicated.Directions: Apply for a Start-up Grant for a Small Business in a Specific Town/NeighborhoodAssume that a town has announced that they have $150,000 available to start a new business in __________(choose a location carefully). Make the case that your service or product is needed in the region. Apply forthe grant. • Do use information (stats; demographic information; local news) from 3 different outside sources.* Essay #4 Project will be a commercial to advertise your product, service, or proposed change. Note: Be sure to address your proposal to a specific (real) person or group. Do some research about to whom you would address the proposal and include name(s) and an actual address.