Small Business Grants in Texas
When it comes to doing business in Texas, there are many incentives for small businesses. Learn more about the different grants that can help to grow your business in the Lone Star State.
Skills for Small Business for Employers
The Texas Skills for Small Business for Employers program offers resources for businesses growing their teams. The Texas Workforce Commission facilitates the ongoing program. But training is offered through local community and technical colleges, as well as the Texas A&M Engineering Extension Service. Businesses with fewer than 100 employees are eligible to apply for grants that cover the cost of training new workers or upgrading current workforce skills. TWC works directly with colleges to fund the specific courses that each business selects. The program may cover up to $1,800 for new employees and $900 for existing employees.
State of Texas Trade Expansion Program
The State of Texas Trade Expansion Program (STEP) provides grants up to $10,000 to support small businesses that export to foreign markets. Funds can cover participation in foreign trade shows, compliance testing, or translation services. Businesses must match at least 25 percent of the grant amount to cover these projects.
Texas Enterprise Fund
Texas Enterprise Fund offers grants to businesses looking to start projects and hire in Texas. To be eligible, a business project must generate at least 75 full-time jobs in urban areas, or at least 25 in rural areas, with wages that meet or exceed the average in that county. Projects must also have the support of the local government and have a good chance of offering a solid return on investment for the local area. To apply, you must fill out a 20-page application and submit a $1,000 fee. There’s also a lengthy due diligence process.
Fort Bend County Small Business Emergency Grant Program
Fort Bend County runs an Emergency Grant Program to support small businesses harmed by the pandemic. Businesses can apply for up to $25,000. To qualify, you must have been in business since December 30, 2019 and prove a revenue decline of at least 25 percent from 2019 to 2020. Amounts are determined based on revenue and need. The online application portal is currently open and will accept applications until all funds are exhausted.
Source: Small Biz Trends