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			6.f.
TCEDC Agenda
Meeting Date: 02/05/2025   BIG Grant application - Lercy's Diner Submitted For: Kristin Edwards Submitted By: Kristin Edwards, Economic Development Department: Economic Development
ACTION REQUEST (Brief Summary)
Approve a Business Improvement Grant (BIG Grant) for 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 received a completed application for the BIG Grant from Mark Cooper, who is renting property on 6th Street to open a third Lercy’s Diner location. The applicant is requesting as much assistance as possible for the cost of roof repairs, a walk-in freezer and a new vent hood for the restaurant, as well as a new exterior sign. Per the attachments, the total cost of these three items is estimated to be $175,000. 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) for Lercy’s Diner for an amount not to exceed $15,000.
ALTERNATIVES CONSIDERED
Attachments BIG Grant - Lercy's Quotes for Lercy improvement Lercy - Business plan Resolution

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