Approve an update to Phoenix Business Accelerator eligibility requirements.
 

In April 2025, the Phoenix Business Accelerator officially opened to the public. It was created in accordance with the “Pathways to Prosperity” strategic plan, and planned to serve new businesses within their first one to three years of operation.

Since the official opening, the Phoenix has welcomed three clients – one enterprise office member and two “cubby” members. Upon review of the information gathered from tour participants at the facility, only 15% meet the requirements outlined on the application form, with the primary reason being that their business or LLC had been active for longer than three years.

Staff is proposing that the Economic Development Corporation Board consider relaxing the requirement that limits businesses to three active years or less for acceptance. While preference could still be given to young businesses, this would allow for more small businesses that are ready to scale up to consider Texas City.
 

Approve an update to Phoenix Business Accelerator eligibility requirements to allow membership to businesses beyond three years in age.