Pharr EDC Announces New Small Business Grant; Will Offer Workshops on Wed., 3/29 @ 9 am and 1 pm
Pharr, Texas – The Pharr Economic Development Corporation (EDC) is proud to announce the launch of its new Small Business Grant. The Pharr EDC II Small Business Grant program offers small and emerging for-profit businesses grant assistance to establish or expand into the City of Pharr to support long-term success.
The Pharr EDC will be hosting Workshops in English and Spanish on Wednesday, March 29, 2023 at Pharr One (1121 E. Nolana Loop, Pharr, TX), to inform local businesses about the grant opportunities. The English Workshop will take place from 9 am – 12 pm and the Spanish Workshop will take place from 1 pm – 4 pm.
“The program is designed to promote entrepreneurship and innovation, job creation or retention, encourage replacement or rehabilitation of the façade of their storefronts, and encourage small business investment for the economic vitality of the community,” said Pharr EDC President/CEO, Victor Perez. “We are excited to provide this grant funding to Pharr businesses and we encourage anyone interested in applying to join us at one of our workshops to learn more,” he added.
The Pharr Economic Development Corporation II will consider a reimbursement grant of up to five thousand dollars ($5,000.00) per new business and up to ten thousand ($10,000.00) per existing business. The grantee is responsible for all other expenses accrued through development, improvements, and or repairs that exceed the grant amount.
Qualifiable Projects to be funded by the Small Business Grant program include, but will not be limited to:
|
|
|
|
Eligibility Requirements
- Business must be new or existing and physically located in the corporate city limits of Pharr.
- Business must be a private, for-profit entity.
- Business must employ between five (5) and fifty (50) employees, including the owner.
- Business has less than one million dollars ($1,000,000) in projected gross revenues.
Applications for the PEDC SMALL BUSINESS GRANT will be accepted, dependent on funding availability. Applicants who apply in times when inadequate funds exist for grants, will be informed of the lack of funds. Applications will be reviewed and funded (if eligible) on a case-by-case basis. Approval or denial may be made at the discretion of the President/CEO.
Funding for all approved projects will be dispersed once projects are one hundred percent (100%) complete. Receipts for all purchases and services must be provided for funds to be distributed. The reimbursement check will be processed and can take up to fifteen (15) business days for delivery after the submittal of all required documentation.
All media and the public are invited to attend.
DETAILS
WHAT: Pharr EDC to Host Small Business Funding & Resource Workshop
WHEN: Wednesday, March 29, 2023 | English 9 am – 12 pm | Spanish 1 pm – 4 pm
WHERE: Pharr One (1121 E. Nolana Loop, Pharr, TX 78577)
