Summary
Supports rural business development, retention and expansion by providing funds for public infrastructure, real estate development, or the elimination of deteriorated conditions.
ALL ELIGIBLE APPLICANTS
Eligible applicants are non-entitlement general purpose units of local government including cities and counties that are not participating or designated as eligible to participate in the entitlement portion of the federal Community Development Block Grant Program (CDBG). Non-entitlement cities that are not participating in urban county programs through existing participation agreements are eligible applicants (unless the cityÕs population is counted towards the urban county CDBG allocation).
Non-entitlement cities are located predominately in rural areas and are cities with populations less than 50,000 thousand persons; cities that are not designated as a central city of a metropolitan statistical area; and cites that are not participating in urban county programs. Non-entitlement counties are also predominately rural in nature and are counties that generally have fewer than 200,000 persons in the non-entitlement cities and unincorporated areas located in the county. Businesses or individuals may not directly submit applications.
AWARD AMOUNTS
Application Minimum/Maximum: $100,000/$1,000,000
Evaluation and Selection
The Texas Capital Fund RE/Infra Program will be available quarterly, on a
competitive basis, to eligible applicants statewide. Scoring is based on:
Unemployment rate
Total job activity
Proportion of Jobs Created
Wage Impact
Preferred Job Categories
Cost per Job
Readiness to Proceed