6.c.
TCEDC Agenda
- Meeting Date:
- 06/04/2025
- Title:
- Approve Business Improvement Grant (BIG Grant) in an amount not to exceed $15,000.
- Submitted For:
- Kristin Edwards
- Submitted By:
- Kristin Edwards, Economic Development
- Department:
- Economic Development
ACTION REQUEST (Brief Summary)
Approve Business Improvement Grant (BIG Grant) in an amount not to exceed $15,000.
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.
Staff has received a completed application from Species Gym – Texas City, located at 702 9th Avenue N. The applicant is requesting assistance to replace reception area windows and tint as the windows have multiple cracks. Per the attached estimate, the total cost of these repairs is estimated to be $9,850.75.
Additional insight:
TCEDC provided a grant to Species Gym when they opened their facility, with a total amount of $19,856.74. This amount covered allocations for exterior paint ($2,362.90), signage ($9,850) and build-out ($7,643.84). Species Gym has been hugely successful, with a total member count of 650. Their consistent traffic contributed to the decision by local restaurant owner Rigo Hernandez (Rigo’s Café) to extend his hours of operation in order to offer dinner to gym members. Funds are available in the City of Texas City’s FY2024-25 annual budget from the Texas City Economic Development Corporation, Fund 801.
Staff has received a completed application from Species Gym – Texas City, located at 702 9th Avenue N. The applicant is requesting assistance to replace reception area windows and tint as the windows have multiple cracks. Per the attached estimate, the total cost of these repairs is estimated to be $9,850.75.
Additional insight:
TCEDC provided a grant to Species Gym when they opened their facility, with a total amount of $19,856.74. This amount covered allocations for exterior paint ($2,362.90), signage ($9,850) and build-out ($7,643.84). Species Gym has been hugely successful, with a total member count of 650. Their consistent traffic contributed to the decision by local restaurant owner Rigo Hernandez (Rigo’s Café) to extend his hours of operation in order to offer dinner to gym members. Funds are available in the City of Texas City’s FY2024-25 annual budget from the Texas City Economic Development Corporation, Fund 801.
ANALYSIS
Approve Business Improvement Grant (BIG Grant) in an amount not to exceed $15,000.
ALTERNATIVES CONSIDERED
Attachments
- Photos of broken windows - Species
- Species BIG Grant application
- Grant application - owner approval
- Glass repair quote
- Resolution