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.