The Town of Trophy Club is excited to announce the launch of its new Thrive Business Grant (TBG) Program, an initiative designed to support local businesses by providing reimbursable matching grants for various improvement projects.
Donor Name: Town of Trophy Club
State: Texas
City: Trophy Club
Type of Grant: Grant | Matching Grants
Deadline:09/30/2024
Size of the Grant: Not Available
Grant Duration: Grant Duration Not Mentioned
Details:
The program seeks to enhance businesses‘ visual appeal and overall competitiveness, ultimately driving economic growth and community prosperity.
The Trophy Club Economic Development Corporation (EDC) is dedicated to driving economic progress within the town. Its core mission is to foster employment opportunities and enhance the community’s well-being by developing, facilitating, and financing projects in line with the Economic Development Act.
Eligible Projects
- Façade Improvements: Grants may be used to enhance the exterior appearance of businesses, including;
- Improvements to an existing exterior structure,
- Improvements to public facing façade(s),
- Signage,
- Seating,
- General building/property beautification, including landscape.
- Interior Renovations: Funding can be allocated for interior renovations, such as;
- Remodeling enhancements that improve the customer experience,
- General maintenance includes HVAC, plumbing, electrical, etc.
- Equipment Purchases: Grants can cover the cost of purchasing new equipment or upgrading existing machinery to increase operational efficiency and productivity.
- Signage: Grants can cover the cost of purchasing signage off-site to promote and market their business.
Eligibility Criteria
This includes generating increased business activity, making significant financial investments, facilitating revitalization efforts, and ensuring the retention or expansion of existing employers.
- Eligible applicants must either be property owners or tenants situated within the Town of Trophy Club;
- Tenants must obtain written approval from property owners in order to participate in the program;
- Prior to participating in the program, applicants must ensure they are current with all municipal tax obligations;
- Applicants are required to have no Town liens recorded against any property owned by them, encompassing but not limited to liens for weed control, demolition, board-up/open structure, and outstanding payments;
- All applicants have to be located within Trophy Club;
- All applicants are required to adhere to both state and local laws and regulations governing licensing, permits, building codes, and zoning requirements;
- Excluded from consideration are government offices, residential properties, home-based enterprises, religious organizations, churches, as well as establishments dealing in sexually-oriented or smoking paraphernalia products;
- Applicants must demonstrate financial stability and a clear project completion plan.
For more information, visit Town of Trophy Club.
