6.e.
TCEDC Agenda
- Meeting Date:
- 03/06/2024
- Title:
- Approve Business Improvement Grant (BIG Grant) in an amount not to exceed $2,500.
- Submitted For:
- Kristin Edwards
- Submitted By:
- Kristin Edwards, Economic Development
- Department:
- Economic Development
ACTION REQUEST (Brief Summary)
Approve Business Improvement Grant (BIG Grant) for an amount not to exceed $2,500.
BACKGROUND
In October 2023, the Texas City Economic Development Corporation established the Business Improvement Grant (BIG Grant) to assist local businesses with a range of improvements.
The staff have received a completed application for the BIG Grant from The Beauty and Barber Hubb, located at 3020 Palmer Highway. The applicant is requesting assistance with interior and exterior lighting improvements as well as signage, both of which are classified as Tier 1 Improvements.
Total costs are estimated at $2,350 for both lighting and signage. To allow for final pricing, staff is proposing a maximum allocation of $2,500. Funds are available in the City of Texas City’s FY2023-24 annual budget from the Texas City Economic Development Corporation, Fund 801.
The staff have received a completed application for the BIG Grant from The Beauty and Barber Hubb, located at 3020 Palmer Highway. The applicant is requesting assistance with interior and exterior lighting improvements as well as signage, both of which are classified as Tier 1 Improvements.
Total costs are estimated at $2,350 for both lighting and signage. To allow for final pricing, staff is proposing a maximum allocation of $2,500. Funds are available in the City of Texas City’s FY2023-24 annual budget from the Texas City Economic Development Corporation, Fund 801.
ANALYSIS
Approve Business Improvement Grant (BIG Grant) for The Beauty and Barber Hubb for an amount not to exceed $2,500.