Applications are now being accepted for the 2024 Texas Rural Woman Grant.
Donor Name: Texas Woman’s University
State: Texas
County: All Counties
Type of Grant: Grant
Deadline: 07/05/2024
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
The purpose is to create greater economic development activity in rural Texas by encouraging and enabling rural woman-owned, small businesses to undertake new and innovative projects.
Funding Information
A total of ten $5,000 grants for a total of $50,000 are available for this round of funding.
What can the funds be used for?
- Purchase of machinery, equipment, or technology.
- Farm implements or machinery.
- Addition or acquisition of new inventory or raw materials.
- Purchase and installation of fixtures or display units.
- Property improvements that will result in increased sales and revenue.
- Marketing or advertising campaigns.
- Any other business-related activity that CWE deems is aligned with the stated purpose of this program.
Who can apply?
Eligible businesses must satisfy all of the following conditions:
- Existing rural, woman-owned businesses (at least 51% directly owned and controlled by one or more women who are U.S. citizens). The business owner must reside in Texas.
- The business must currently be set up as a legal business entity.
- The business must be a for-profit corporation, partnership, LLP or LLC, or sole proprietorship. Not-for-profit corporations or similar nonprofit entities are not eligible.
- If the business or business owner owns the premises where the business operates, all property taxes must be current.
- All sales, payroll, and other taxes must be current.
- The business must be located and operated within an eligible Texas County.
- The business, business owner and the applicant must not be involved in any pending or current litigation.
- The business owner must not have any felonies or convictions for a crime of dishonesty or breach of trust.
- Previous grant winners cannot apply.
- The business must be in one of the eligible rural counties in Texas.
- The business, business owner and applicant are operating with all required permits and licenses and are conforming to all required laws.
Grant Requirements
The successful applicant will receive two installments of the award:
- $2,500 after signing the grant agreement, a photo release and all required paperwork for payment.
- $2,500 following completion of a small business training course hosted by the Center for Women Entrepreneurs, 3 hours of small business advising/mentoring and submission and approval of a completed business plan with three years of financials.
- Additionally, itemized receipts or proof of purchases made with initial grant funds of $2,500 (costs must have been incurred after receiving grant funding) must be provided to CWE to receive the remaining $2,500.
- You need to meet with CWE staff to talk over the grant specifics and ask any questions you have.
- Use the spreadsheet that the CWE provides for documentation.
The University will send winners a 1099 for the grant funds received.
Ineligible applicants
- Any business that is not on the rural county list.
- TWU faculty/staff (or any immediate family member of the applicant’s family, including spouse, child, parent), trustee, and advisory committee member.
- TWU Students are not eligible to apply.
- Prior grant winners.
- Applicants who have taken part in any CWE program in the last year including AccelerateHER, TechFW or NTEEC awardees.
For more information, visit TWU.
