The Edinburg Economic Development Corporation (EEDC) will provide up to $10,000 in grants to a qualifying small business to help with repairs to existing parking lots, signage or facades.
Donor Name: Edinburg Economic Development Corporation
State: Texas
City: Edinburg
Type of Grant: Grant
Deadline: 02/08/2024
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
The EEDC has committed $400,000 for the Fiscal Year 2023-2024 for up to 40 qualifying small businesses (up to $10,000 each). The program provides financial assistance for improvements to eligible commercial businesses that have occurred.
The EEDC will provide up to $10,000 in grants to a qualifying small business to help with repairs to existing parking lots, signage or facades. The EEDC has committed $400,000 for the Fiscal Year 2023-2024 for up to 40 qualifying small businesses (up to $10,000 each). The program provides financial assistance for improvements to eligible commercial businesses that have occurred.
If a qualifying business can demonstrate that they cannot undertake the improvements contemplated in the program due to financial hardship, then EEDC may consider providing the qualifying business with financial assistance up to the grant amount to cover the anticipated costs. Failure to satisfy all the requirements of the program will result in the enforcement of the funding agreement to pay back funds.
Eligible Expenses
Subject to review and approval by the EEDC and any applicable laws or codes and program rules, any hard costs associated with the renovation of exterior portions of property owned or leased by the qualifying small business can be reimbursed by this program. These eligible expenses may include the following, but could also include other expenses found to be in line with the intent of the program as determined by the EEDC:
- Construction of outdoor patios.
- Exterior painting, re-siding, cleaning, or other improvements that revitalize façade appearance.
- Exterior restoration of significant architectural details.
- Installation of permanent landscaping.
- New doors, windows, or awnings.
- Parking lot resurfacing with striping.
- Repair, removal, and replacement of old signage.
- Roof repairs that are part of the existing building.
Eligibility Criteria
In order to qualify, your business must meet the following eligibility criteria:
- Business must be located within Edinburg City Limits.
- Business is a commercial property owner and/or an existing for-profit business (tenant) in the City of Edinburg with fewer than 20 employees.
- Business is currently operating.
- Locally-owned.
- The qualifying business must be current with all local property tax payments.
- All grant recipients (business and/ property owner) must not have outstanding code enforcement violations or liens. A letter from the City’s Health & Code Department may be needed. All grant recipients must be current on rental, lease or mortgage payments if applicable.
- Business must submit two quotes for work to be completed. At least one quote must be from an Edinburg business/vendor/contractor.
- If grant recipient is a tenant, authorization from landlord via letter is required.
For more information, visit City of Edinburg.
