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			6.e.
TCEDC Agenda
Meeting Date: 02/05/2025   BIG Grant application - Whiskey 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 $3,000.
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 Whiskey Bay, located at 522 6th Street. Whiskey Bay is currently sub-leasing the building from Vincent Pandanell, who is leasing the building from the Economic Development Corporation.   Per the attached receipts, the total amount requested by Whiskey Bay is approximately $2,800. Funds are available in the City of Texas City’s FY2024-25 annual budget from the Texas City Economic Development Corporation, Fund 801 from the Big Grant fund.  In this instance, the EDC would have the option of providing funds from the Business Incentive line item or the standard Building Maintenance line item which would free-up possible funding for other future Big Grants.
ANALYSIS
Consider approval of a Business Improvement Grant (BIG Grant) for Whiskey Bay for an amount not to exceed $3,000.
ALTERNATIVES CONSIDERED
Attachments BIG Grant - Whiskey Bay Whiskey Bay - service invoices Resolution

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