The City of Waco is inviting applications to utilize a significant portion of its American Rescue Plan Act (ARPA) funding to support small businesses.
Donor Name: City of Waco
State: Texas
City: Waco
Type of Grant: Grant
Deadline: 02/04/2023
Details:
Additionally, the City Manager added Tax Financing Fund (TIF) and General Fund resources to support small businesses in historically blighted commercial corridors.
These programs represent the largest investment in small businesses ever made by the City of Waco. This is a recognition of the dedicated and hard-working people that keep the Waco economy moving and attempts to reduce the impacts of COVID-19, construction, and a long-term blight on community.
Funding Information
Awards of $50,000 or less will be distributed according to the description below.
- ARPA Grant & Barriers to Success Distribution of Funds
- Upon approval and receipt of all required documentation and signed grant agreements, funds will be distributed via electronic deposit within 10 working days.
- TIF Façade Program Distribution of Funds
- Once all the following are met, funds will be distributed via electronic deposit within ten (10) working days:
- Entity registration in sam.gov is complete
- Required documentation showing the work required under the grant agreement has been completed, including payment of work
- Construction (i.e., street improvements) in front of the business by other agencies is complete
- Once all the following are met, funds will be distributed via electronic deposit within ten (10) working days:
Eligibility Criteria
- Businesses with fewer than 25 employees are eligible to apply.
- Must have been in business in a Community Development Block Grant (CDBG) If your business is in a Qualified Census Tract (QCT) or within the Waco City limits you are eligible to apply. Eligible area as of March 3, 2021(PDF, 629KB).
- Must demonstrate HUD eligibility requirements through one of the following:
- Demonstrate ownership by a low- to moderate-income (LMI) household,
- Maintain 51% of its employees meeting LMI criteria, or
- Any other CDBG-eligible areas.
For more information, visit City of Waco.
