Businesses within Travis County that are outside of the Austin city limits may qualify for grants of up to $40,000 for economic relief
TRAVIS COUNTY, TX— The new Travis County Thrive program will provide grants of up to $40,000 for eligible businesses that have been financially impacted by the coronavirus pandemic.
To meet eligibility guidelines, businesses must meet the following qualifications:
- Business is located in Travis County but not within the Austin city limits
- Have not received assistance from any other local program for the same expenses
- Small businesses with fewer than 25 employees and less than $500,000 net revenue
- In operation since March 1, 2019
- Other eligibility requirements as listed on the program website
To determine eligibility, businesses should review the program guidelines and access the pre-eligibility questionnaire on the program website at www.traviscountythrive.com. The pre-eligibility launches on June 15 and closes on July 3. Following the pre-eligibility period, qualifying businesses will be contacted to fill out the complete application. In order to participate in this program, businesses must complete the pre-eligibility questionnaire no later than July 3.
Grants will be administered on a reimbursement basis for eligible costs incurred form March 1, 2020, to November 30, 2020. Eligible uses include store or warehouse rent or lease payments, business property purchase or lease, new or expanded technology, business utilities, supplier and vendor payments, payroll, employee COVID-19 testing and PPE and sanitation supplies.
Travis County is providing these grants through the Coronavirus Relief Fund via the CARES Act. The Travis County Commissioners Court approved funding for this new small business grant program due to the unprecedented impact of COVID-19.
“The Travis County Commissioners Court understands that in a crisis like COVID-19, every little bit helps,” said Travis County Judge Sam Biscoe. “I am confident the grant funding from the Travis County Small Business Grant Program will help put small businesses on the path to recovery.”
Nonprofit economic development organization BCL of Texas will administer this program. Businesses who participate in Travis County Thrive will work with BCL’s small business coaches to create a Business Continuity Plan and will receive no-cost business coaching throughout the program period.
BCL of Texas CEO Rosa Rios Valdez said, “BCL was founded during a recession to help small businesses. We’re here today to help strengthen small business during this challenging time. We know how important it is to get funding into the hands of small business owners so that they can stay strong and keep their doors open. Together, we’re working to help Travis County thrive.”
Christy Moffett, Managing Director of Economic and Strategic Planning with Travis County’s Planning and Budget Office, said, “Small businesses are the backbone of our local economy, providing much needed services and amenities to all parts of Travis County. Connecting small businesses to grant funding supports critical economic infrastructure allowing Travis County to thrive. We are thrilled to partner with BCL of Texas on this endeavor. “
To learn more and determine if you are eligible for this program, visit www.traviscountythrive.com/qualify or call 512-994-2280.
About BCL of Texas:
Established in 1990 as a statewide not-for-profit Certified Development Corporation, BCL of Texas successfully promotes business and community development and provides business capital and commercial real estate loans throughout Texas. True to its mission to create jobs through business development, BCL of Texas has helped to create jobs for nearly 6,000 Texans. In addition to providing businesses with counseling and technical assistance, BCL of Texas originates, underwrites, processes, closes and services business loans to healthy, growing businesses.
The organization also offers homebuyer education classes, assists first-time homebuyers with the purchase of their first home and helps customers remain responsible and successful homebuyers. BCL of Texas is a member of the nation-wide NeighborWorks® Network, which engages in revitalization strategies that strengthen communities and transform lives. For more information.