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Federal/State Economic Development Programs
November 2005

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Federal Economic Development Programs

Agriculture

Emergency Loans (Disaster Relief)
The Consolidated Farm and Rural Development Act provides loans to repair, restore, or replace damaged or destroyed farm property (real and chattel) and supplies lost or damaged as a direct result of a natural disaster; under certain conditions, to refinance secured and unsecured debts made necessary by the disasters; and to finance adjustments in farming, ranching or aquaculture operations needed to restore or maintain them on a sound financial basis equivalent to their pre-disaster potential. Family farmers, ranchers and aquaculture operators are eligible for these direct loans.

For additional information, contact the U.S. Department of Agriculture’s (USDA’s) regional Farm Service Agency or call (979) 680-5150. More information is available at http://disaster.fsa.usda.gov/emloan.htm and http://www.cfda.gov; search by the Catalog of Federal Domestic Assistance (CFDA) program number 10.404.

Emergency Conservation Program (Disaster Relief)
The Agricultural Credit Act provides funds to help farmers perform emergency conservation measures to control wind erosion; rehabilitate farmlands damaged by wind erosion, floods, hurricanes, or other natural disasters; and carry out emergency water conservation or water-enhancing measures during periods of severe drought. Any agricultural producer who is an owner, landlord, tenant or sharecropper on a farm or ranch, including associated groups, and who bears a part of the cost of an approved conservation practice in a disaster area, is eligible for these direct payments.

For additional information, contact the USDA’s regional Farm Service Agency or call (979) 680-5150. More information is available at http://disaster.fsa.usda.gov/ecp.htm and http://www.cfda.gov; search by CFDA number 10.054.

Noninsured Crop Disaster Assistance (Disaster Relief)
The Federal Agricultural Improvement and Reform Act provides funds for crop loss assistance. Producers of commercial crops and other agricultural commodities for which the catastrophic risk protection level of crop insurance is not available are eligible for these direct payments with unrestricted use.

For additional information, contact the USDA’s regional Farm Service Agency or call (979) 680-5150. More information is available at http://disaster.fsa.usda.gov/nap.htm and http://www.cfda.gov; search by CFDA number 10.451.

Disaster Reserve Assistance (Disaster Relief)
The Agricultural Act provides eligible livestock owners who have losses due to natural disasters with direct payments for specific uses.

For additional information, contact the USDA’s regional Farm Service Agency, or call (979) 680-5150. More information is available at http://www.fsa.usda.gov/ and http://www.cfda.gov; search by CFDA number 10.452.

Farm Operating Loans
The Farm and Rural Development Act provides loans to purchase livestock, poultry, fur-bearing and other farm animals, fish and bees; purchase farm equipment; provide operating expenses for farm enterprises; meet family subsistence needs and purchase essential home equipment; refinance secured and unsecured debts, subject to certain restrictions; pay property taxes; pay insurance premiums on real estate and personal property; and finance youth projects. Operators of family farms are eligible for these direct loans.

For additional information, contact the USDA’s regional Farm Service Agency or call (979) 680-5150. More information is available at http://www.fsa.usda.gov/dafl/default.htm and http://www.cfda.gov; search by CFDA number 10.406.

Farm Storage Facility Loans
Federal law provides for loans to finance the purchase and construction of new storage structures, handling equipment and drying equipment, and to finance the remodeling of existing storage structures. Any agricultural producer who is owner, landlord, tenant, leaseholder or sharecropper on a farm or ranch is eligible for these direct loans.

For additional information, contact the USDA’s regional Farm Service Agency or call (979) 680-5150. More information is available at http://www.fsa.usda.gov/dafp/psd/FSFL.html and http://www.cfda.gov/; search by CFDA number 10.056.

Farm Ownership Loans
The Consolidated Farm and Rural Development Act provides loans to enlarge, improve and purchase family farms; provide necessary water and water facilities; provide basic soil treatment and land conservation measures; construct, repair and improve essential buildings needed to operate a family farm; construct or repair farm dwellings; and provide facilities to produce fish under controlled conditions. Farmers, ranchers and aquaculture operators, including farming cooperatives, corporations, partnerships and joint operations, are eligible for these direct loans.

For additional information, contact the USDA’s regional Farm Service Agency or call (979) 680-5150. More information is available at http://www.fsa.usda.gov/dafl/default.htm and http://www.cfda.gov; search by CFDA number 10.407.


Business Development

Economic Injury Disaster Loans
The Small Business Act provides working capital in the form of direct loans for small businesses that have suffered economic injury as a result of declared disasters.

For additional information, contact Disaster Assistance, Small Business Administration, 409 Third Street, S.W., Washington, D.C. 20416, or call (800) 659-2955. More information is available at http://www.sba.gov/disaster and http://www.cfda.gov; search by CFDA number 59.002.

Physical Disaster Loans (Disaster Relief)
The Small Business Act assists business concerns suffering uninsured or otherwise uncompensated physical damage by providing loans to repair or replace disaster-damaged property. Businesses of any size and nonprofit organizations such as churches, private universities and charities are eligible for these direct loans.

For additional information, contact Disaster Assistance, Small Business Administration, 409 Third Street, S.W., Washington, D.C. 20416, (800) 659-2955. More information is available at http://www.sba.gov/disaster and http://www.cfda.gov; search by CFDA number 59.008.

Business and Industry Loans (Disaster Relief)
The Consolidated Farm and Rural Development Act provides loans for modernization and development costs; the purchase and development of land, easements, buildings, facilities, leases or materials; the purchase of equipment and supplies; and pollution control and abatement. Cooperatives, corporations, partnerships, trusts and other legal entities organized and operated on a profit or nonprofit basis, Indian tribes, political subdivisions of a state and individuals in rural areas are eligible for these direct loans.

For additional information, call the USDA’s Rural Business-Cooperative Services at (202) 690-4730; or contact the Texas USDA Rural Development State Office, 101 South Main Street, Suite 102, Temple, TX 76501 or call (254) 742-9700. More information is available at http://www.rurdev.usda.gov/rbs/busp/b&i_gar.htm and http://www.cfda.gov; search by CFDA number 10.768.

Rural Business Enterprise Grants
The Consolidated Farm and Rural Development Act provides grants to expand or operate rural distance learning networks or programs that provide educational or job-training instruction related to potential employment; to develop or acquire land, buildings and equipment, water supply and waste disposal facilities; and to establish a revolving loan fund to support modernization and development, the purchase and development of land, easements, buildings, facilities, leases or materials, the purchase of equipment and supplies and pollution control and abatement. Cooperatives, corporations, partnerships, trusts and other legal entities organized and operated on a profit or nonprofit basis, Indian tribes, political subdivisions of a state and individuals in rural areas are eligible for these project grants.

For additional information, call USDA’s Specialty Lenders Division, Rural Business-Cooperative Services at (202) 690-4730; or contact the Texas USDA Rural Development State Office, 101 South Main Street, Suite 102, Temple, TX 76501 or call (254) 720-1400. More information is available at http://www.rurdev.usda.gov/rbs/busp/rbeg.htm and http://www.cfda.gov; search by CFDA number 10.769.

Small Business Loans
The Small Business Act provides guaranteed loans from lenders to small businesses that cannot obtain financing in the private credit marketplace but can demonstrate an ability to repay loans if they are granted in a timely manner. The loans are intended to foster business ownership by individuals who are both socially and economically disadvantaged by providing management and technical assistance, access to capital and other financial assistance and access to sole source and limited competition federal contract opportunities.

Contact the Loan Programs Division, Small Business Administration, 409 Third Street, S.W., Washington, D.C. 20416 or call the regional office at (713) 773-6500. More information is available at http://www.sba.gov/financing and http://www.cfda.gov; search by CFDA number 59.012.

Certified Development Company Loans (504 Loans)
The Small Business Investment Act provides small businesses with long-term, fixed-rate financing for fixed assets through the sale of debentures to private investors. Nonprofit Certified Development Companies created to promote economic growth in a particular area are eligible for these guaranteed/insured loans.

For additional information, contact the Office of Financial Assistance, Small Business Administration, 409 Third Street, S.W., Washington, D.C. 20416 (800) 659-2955 or call the regional office at (713) 773-6500. More information is available at http://www.sba.gov/financing/sbaloan/cdc504.html and http://www.cfda.gov; search by CFDA number 59.041.

Microloan Program
Public Law 102 offers formula grants and direct loans to intermediary lenders so that they can provide individuals with fixed-rate loans in amounts up to $35,000 to start small business concerns.

For additional information, contact the Microenterprise Development Branch, Office of Financial Assistance, Small Business Administration, 409 Third Street, S.W., Washington, D.C. 20416 (800) 659-2955 or call the regional office at (713) 773-6500. More information is available at http://www.sba.gov/financing/sbaloan/microloans.html and http://www.cfda.gov; search by CFDA number 59.046.


Community Development/Infrastructure

Community Development Block Grants/States Program
The Housing and Community Development Act of 1974 sets aside 30 percent of the funds in each annual appropriation for the Community Development Block Grant (CDBG) program for use in areas that are not part of a metropolitan city or urban county. States develop their own programs and priorities for these funds. Units of local government then carry out community development activities funded by the state.

In Texas, the Office of Rural Community Affairs (ORCA) administers the CDBG program. ORCA has established four grant programs with CDBG funding. Small cities and rural counties are eligible for all four. The programs are Texas Public Shelter Improvements to Aid Victims of Hurricane Katrina and Rita (grants of up to $50,000 to address emergency shelter needs); the Disaster Relief/Urgent Need Fund (to provide a 25 percent match requirement for the Federal Emergency Management Agency); Microenterprise Loan Funds (to support a qualified nonprofit organization’s microenterprise loan program); and the Small Business Loan Fund (to provide small cities or rural counties with funds to support small businesses within their community through low-interest loans).

For additional information, contact the U.S. Department of Housing and Urban Development, or call (202) 708-1322. More information is available at http://www.hud.gov/grants/index.cfm and http://www.cfda.gov; search by CFDA number 14.228.

For information on the Texas Public Shelter Improvements to Aid Victims of Hurricane Katrina and Rita and the Disaster Relief/Urgent Need Fund, contact the Office of Rural Community Affairs at (512) 936-6701. For information on the Microenterprise Loan Fund and the Small Business Loan Fund, please contact the Office of Rural Community Affairs at (512) 936-6701 or http://www.orca.state.tx.us.

Rural Economic Development Loans and Grants
The Rural Electrification Act of 1936 authorizes direct loans and project grants for projects that promote rural economic development and job creation. Electric and telephone utilities that have current loans with the Rural Utilities Service or outstanding loans or guarantees with the Rural Telephone Bank are eligible for these direct loans and project grants.

For additional information, call the USDA at (254) 742-9700. More information is available at http://www.rurdev.usda.gov/rbs/busp/redl.htm, http://www.rurdev.usda.gov/rbs/busp/redg.htm and http://www.cfda.gov; search by CFDA number 10.854.

Community Facilities Loans and Grants
The Consolidated Farm and Rural Development Act authorizes guaranteed/insured loans, direct loans or project grants to build, enlarge or improve community facilities that provide essential services for rural residents. Community facilities are those providing or supporting overall community development such as child care facilities and food recovery and distribution centers; assisted-living facilities; group homes, mental health clinics and shelters; and education facilities. Projects may include community, social, cultural, transportation and industrial park facilities, fire and rescue services, access ways and utility extensions. All facilities financed in whole or in part with RHS funds must be for public use. Funds have been set aside for Hurricane Rita applicants.

For additional information, call the USDA at (254) 742-9700. More information is available at http://www.rurdev.usda.gov/rhs/cf/cp.htm and http://www.cfda.gov; search by CFDA number 10.766.

Grants for Public Works and Economic Development Facilities
The Public Works and Economic Development Act of 1965 offers project grants to promote long-term economic development in areas experiencing substantial economic distress. Eligible activities include the acquisition, rehabilitation, design and engineering or improvement of public land or publicly owned and operated development facilities, including machinery and equipment. Eligible projects can include water and sewer system improvements, industrial access roads, industrial and business parks, port facilities, railroad sidings, distance-learning facilities, skills training facilities, business incubator facilities, redevelopment of brownfields, eco-industrial facilities and telecommunications infrastructure improvements needed for business retention and expansion. States, cities, counties, institutions of higher education and other political subdivisions can be qualified applicants.

For additional information, contact the U.S. Department of Commerce or the Economic Development Administration at (512) 381-8144. More information is available at http://www.eda.gov and http://www.cfda.gov; search by CFDA number 11.300.

Bank Enterprise Award Program
Federal law authorizes project grant awards to insured depository institutions that invest in or otherwise support Community Development Financial Institutions, increase lending and investment activities within distressed communities or increase the provision of certain services and technical assistance within distressed communities.

For additional information, call the U.S. Department of the Treasury at (202) 622-6355. More information is available at http://www.cdfifund.gov/programs/programs.asp?programID=1 and http://www.cfda.gov; search by CFDA number 21.021.

Intermediary Relending Program
Federal law authorizes direct loans from the Rural Business-Cooperative Service to intermediaries who must relend the funds for business facilities or community development in rural areas. Private nonprofit organizations, state and local governments and federally recognized Indian tribes and cooperatives can receive the original loans.

For additional information, call the U.S. Department of Agriculture at (202) 690-4100. More information is available at http://www.rurdev.usda.gov/rbs/busp/irp.htm and http://www.cfda.gov; search by CFDA number 10.767.

Note:
As of November 21, 2005, Congress has passed most of the appropriation measures for 2006. Until all spending measures have been approved by the Congress and the President, Congress has adopted continuing resolutions to provide funding for programs that have not received final approval. The funding resolutions provide funding through December 17, 2005. Until final budget actions occur, the exact amounts of funds available for the programs listed in this document are not known.


Program Level Agency Services Eligibility Type of Assistance Contact Web
Emergency Loan Assistance Federal USDA Repair, replace, and restore damaged or destroyed farm property. Family farmers, ranchers, and aquaculture operators. Direct Loans Texas Farm Service Agency
(979) 680-5150.
http://disaster.fsa.usda.gov/emloan.htm
Emergency Conservation Program Federal USDA Rehabilitate farmlands. Any agricultural producer who bears a part of the cost of an approved conservation practice. Direct Payments for Specified Use Texas Farm Service Agency
(979) 680-5150.
http://disaster.fsa.usda.gov/ecp.htm
Noninsured Crop Disaster Assistance Federal USDA Crop loss assistance. Producers of commercial crops for which the catastrophic risk protection level of crop insurance is not available. Direct Payments with Unrestricted Use Texas Farm Service Agency
(979) 680-5150.
http://disaster.fsa.usda.gov/nap.htm
Disaster Reserve Assistance Federal USDA Livestock assistance. Livestock owners who have losses due to natural disasters. Direct Payments for Specified Use Texas Farm Service Agency
(979) 680-5150.
http://www.fsa.usda.gov/
Farm Operating Loans Federal USDA Provides funds to purchase livestock, farm equipment, and pay debts and taxes. Operators of family farms. Direct Loans Texas Farm Service Agency
(979) 680-5150.
http://www.fsa.usda.gov/dafl/default.htm
Farm Storage Facility Loans Federal USDA Purchase, remodel, and build new storage structures, handling, and drying equipment. Landowner, landlord, operator, producer, tenant, leaseholder, or sharecropper. Direct Loans Texas Farm Service Agency
(979) 680-5150.
http://www.fsa.usda.gov/dafp/psd/FSFL.html
Farm Ownership Loans Federal USDA Buy or improve family farms, water facilities, buildings, and dwellings. Farmers, ranchers, and aquaculture operators. Direct Loans Texas Farm Service Agency
(979) 680-5150.
http://www.fsa.usda.gov/dafl/default.htm
Economic Injury Disaster Loans Federal SBA Provides working capital. Small businesses. Direct Loans Small Business Administration
(800) 659-2955.
http://www.sba.gov/disaster
Physical Disaster Loans Federal SBA Repair or replace disaster-damaged property. Businesses and nonprofits. Direct Loans Small Business Administration
(800) 659-2955.
http://www.sba.gov/disaster
Business and Industry Loans Federal USDA Purchasing and development of land and equipment. Cooperatives, corporations, partnerships, trusts, Indian tribes, and political subdivisions of the state. Direct Loans Texas USDA Rural Development State Office
(254) 742-9700.
http://www.rurdev.usda.gov/rbs/busp/b&i_gar.htm
Rural Business Enterprise Grants Federal USDA Purchasing and development of land, easements, buildings, and facilities. Cooperatives, corporations, partnerships, trusts, Indian tribes, and political subdivisions of the state. Project Grants Texas USDA Rural Development State Office(254) 720-1400. http://www.rurdev.usda.gov/rbs/busp/rbeg.htm
Small Business Loans Federal SBA Management, technical, and financial assistance. Small businesses. Guaranteed/Insured Loans Small Business Administration
(713) 773-6500.
http://www.sba.gov/financing
Certified Development Company Loans Federal SBA Small business concerns. Nonprofit Certified Development Companies. Guaranteed/Insured Loans Small Business Administration
(713) 773-6500.
http://www.sba.gov/financing/sbaloan/cdc504.html
Microloan Program Federal SBA Small business concerns. Intermediary lenders. Formula Grants and Direct Loans Small Business Administration
(713) 773-6500.
http://www.sba.gov/financing/sbaloan/microloans.html
Community Block Grants/States Program Federal HUD Housing and economic opportunities. Low income individuals. Formula Grants Housing and Urban Development
(202) 708-1322.
http://www.hud.gov/grants/index.cfm
Rural Economic Development Loans and Grants Federal USDA Promote rural economic development and job creation. Rural Utilities Service and Rural Telephone Banks. Direct Loans and Project Grants U.S. Department of Agriculture
(254) 742-9700.
http://www.rurdev.usda.gov/rbs/busp/redl.htm and http://www.rurdev.usda.gov/rbs/busp/redg.htm
Community Facilities Loans and Grants Federal USDA Construct, enlarge, or improve community facilities. Political subdivisions, corporations, and Indian tribes. Guaranteed/Insured Loans, Direct Loans, and Project Grants U.S. Department of Agriculture
(254) 742-9700.
http://www.rurdev.usda.gov/rhs/cf/cp.htm
Grants for Public Works and Economic Development Facilities Federal USDA Acquisition, rehabilitation, design, and engineering, or improvement of public land or facilities. States, city, counties, and other political subdivisions. Project Grants U.S. Department of Commerce, Economic Development Administration
(512) 381-8144.
http://www.eda.gov
Bank Enterprise Award Program Federal Treasury Increase lending and investment in distressed communities. Insured depository institutions. Project Grants U.S. Department of Treasury
(202) 622-6355.
http://www.cdfifund.gov/programs/programs.asp?programID=1
Intermediary Relending Program Federal USDA Community development and business facilities. Non-profits, state or local governments, and Indian tribes. Direct Loans U.S. Department of Agriculture
(202) 690-4100.
http://www.rurdev.usda.gov/rbs/busp/irp.htm


State Economic Development Programs

Texas Capital Fund (four programs)
Main Streets Improvement Program -- This program is designed to foster small businesses by providing financial assistance to non-entitlement cities for public improvements. Non-entitlement cities are cities that do not receive their own private activity bond volume cap allocation. This program encourages eliminating slum or blighted areas.

Infrastructure Development Program -- This program is an economic development tool designed to provide financial resources to non-entitlement communities. These communities can use the funds from this program for public infrastructure needed to assist a business that commits to create and/or retain permanent jobs, primarily for low- and moderate-income people. This program encourages new business development and expansions.

Real Estate Development Program -- This program is an economic development tool designed to provide financial resources to non-entitlement communities. Funds must be used for real estate development to assist a business that commits to create and/or retain permanent jobs, primarily for low- and moderate-income people. This program encourages new business development and expansions.

Downtown Revitalization Program -- This program is designed to stimulate economic development in the downtown area by providing financial assistance to non-entitlement cities for public infrastructure improvements. This program aids in the elimination of slum or blighted areas in non-entitlement communities.

For more information, contact Karl Young at the Texas Capital Fund Programs, Texas Department of Agriculture, Rural Economic Development Division, P.O. Box 12847, Austin, Texas, 78711 or call (512) 936-0281. More information is available at http://www.agr.state.tx.us/iga/grants_funding/index.htm.

Texas Main Street Program
This is part of the Texas Historical Commission’s (THC) Community Heritage Development Division. According to THC, the Texas Main Street Program helps up to five Texas cities each year revitalize their historic downtowns and neighborhood commercial districts by using preservation and economic development strategies.

Texas cities with historic commercial buildings in their business districts and downtown areas may apply for Main Street designation.

For more information, contact Jill Robinson, Service Specialist, or Kim McKnight, Statewide Coordinator, at Community Heritage Development Division, Texas Historical Commission, 1304 Colorado, Austin, Texas 78701 or call (512) 463-5758. More information is available at http://www.thc.state.tx.us/mainstreet/msdefault.html.

Rural Municipal Finance Program
This program was created to stimulate economic activity in rural Texas. Applicants must be located within rural areas of the state, provide significant benefits for the rural area and provide evidence of ability to repay the commitment. Funds must be used to improve or assist in the economic development of the rural area such as: purchase of real estate, construction of buildings and site improvements, equipment, water and wastewater systems and municipal infrastructure projects. Cities and counties are eligible to apply.

For more information, contact Allen Regehr at the Texas Department of Agriculture, Rural Economic Development Division, P.O. Box 12847, Austin, Texas 78711 or call (512) 463-9932. More information is available at http://www.agr.state.tx.us/eco/finance_ag_development/tafa/fin_rdfpmunicipal.htm.

Agribusiness Linked Deposit Program
TDA facilitates commercial lending at below market rates to qualified applicants for eligible agricultural purposes, including assistance for value-added processing and marketing and assistance for water conservation projects. Eligible uses of funds are identified in the program rules and may include agriculture-related operating expenses, the purchase or lease of land or fixed asset acquisition or improvements or any rural business expense, as identified in the application. Individuals in a designated disaster area, farmers and ranchers are eligible to apply.

For more information, contact Sage Chandrasoma, Texas Department of Agriculture, Rural Economic Development Division, P.O. Box 12847, Austin, Texas 78711 or call (512) 463-7512. More information is available at http://www.agr.state.tx.us/eco/index.htm.

Linked Deposit Program
The Linked Deposit Program facilitates loans to certain underutilized businesses, childcare providers, nonprofit corporations and small businesses located in an enterprise zone. The program is a partnership between Texas Economic Development and Tourism Office (TEDTO), the Texas Comptroller of Public Accounts and approved depository lenders that encourages lending to minority and women-owned businesses, child-care centers, nonprofit organizations and small businesses located in state-designated enterprise zones. Minimum loan amounts are $10,000. Maximum loans are made for $250,000 and can be used as working capital and for the lease, purchase or construction of capital assets such as land, buildings and equipment. Borrowers also may use the funds for start-up business ventures.

For more information, contact Bridget Holland, Linked Deposit Program, Office of the Governor, Economic Development and Tourism, P.O Box 12428, Austin, Texas 78711 or call (512) 936-0266. More information is available at http://www.agr.state.tx.us/eco/finance_ag_development/tafa/fin_linked.htm.

Texas Industrial Revenue Bond Program
This program, administered by TEDTO, provides tax-exempt financing for land and depreciable property for eligible industrial or manufacturing projects. The Development Corporation Act allows cities, counties, conservation and reclamation districts to form nonprofit industrial development corporations or authorities on their behalf. The purpose is to issue taxable and tax-exempt bonds for eligible projects in their jurisdictions.

For more information, contact Bridget Holland, Texas Industrial Revenue Bond Program, Office of the Governor, Economic Development and Tourism, P.O. Box 12428, Austin, Texas 78711 or call (512) 936-0266. More information is available at http://www.governor.state.tx.us/divisions/ecodev/ed_bank/irb_program.

Young Farmer Loan Guarantee Program
The Texas Agricultural Finance Authority provides financial assistance through loan guarantees to lenders for eligible applicants, age 18 to 39 years, who wish to establish or enhance their farm and/or ranch operation or establish an agricultural-related business.

For more information, contact Allen Regehr, Texas Department of Agriculture, Rural Economic Development Division, P.O. Box 12847, Austin, Texas 78711 or call (512) 463-9932. More information is available at http://www.agr.state.tx.us/eco/finance_ag_development/tafa/fin_yfarmer.htm.

Self-Sufficiency Fund
The Self-Sufficiency Fund program, administered by the Texas Workforce Commission (TWC), assists businesses by designing, financing and implementing customized job training programs in partnership with public community and technical colleges, a higher education extension service and community-based organizations for the creation of new jobs and/or the retraining of the existing work force.

Individuals eligible to participate in Self-Sufficiency Fund grants are those adults who receive Temporary Assistance for Needy Families (TANF), Food Stamp (FS) recipients with dependent children and a Needy Parent, including a non-custodial parent, whose annual wages are at or below $37,000.

In order to receive funding under the Self-Sufficiency Fund, two or more entities must file a joint application with TWC. One of those entities must be a public community college, a public technical college, a private, non-profit organization that meets the requirements set forth by the TWC or the higher education extension service. At least one of the joint applicants must be a private employer. Before this application is submitted to TWC, it must be submitted to the appropriate Local Workforce Development Board for review and comment.

For more information contact Dale A. Robertson, Workforce Business Services Department, Workforce Development Division, Texas Workforce Commission, 101 E. 15th Street, Room 212-T, Austin, Texas 78778 or call (512) 463-8844. More information is available at http://www.twc.state.tx.us/svcs/funds/ssfintro.html.

Skills Development Fund
The fund is designed to provide funds for customized training programs. The fund will provide training for specific skills for workers who will be hired by the business.

Businesses and labor unions that form partnerships with local community colleges and technical colleges or the higher education extension agency may apply. The applicants should have a training plan and jobs, which pay the prevailing wage for occupations in their local labor market. A Skills Development Fund proposal submission is required and will assist the Executive Director of the Texas Workforce Commission in determining grant funding.

For more information, contact Dale A. Robertson, Workforce Business Services Department, Workforce Development Division, Texas Workforce Commission, 101 E. 15th Street, Room 212-T, Austin, Texas 78778 or call (512) 463-8844. More information is available at http://www.twc.state.tx.us/svcs/funds/sdfintro.html.

Texas Capital Access Program
The Texas Capital Access Program was established to increase the availability of financing for businesses and nonprofit organizations that face barriers in accessing capital. Through the use of the Capital Access Program, businesses that might otherwise fall outside the guidelines of conventional lending may still have the opportunity to receive financing. The essential element of the program is a reserve account established at the lending institution that acts as a credit enhancement, inducing the financial institution to make a loan.

For more information, contact Bridget Holland, Texas Capital Access Program, Office of the Governor, Economic Development and Tourism, P.O. Box 12428, Austin, Texas 78711 or call (512) 936-0266. More information is available at http://www.governor.state.tx.us/divisions/ecodev/ed_bank/cap_access.

Texas Leverage Fund
The Texas Leverage Fund is an “economic development bank” offering an added source of financing to communities that have passed the economic development sales tax. The Office of the Governor, Economic Development and Tourism may loan funds directly to a local Industrial Development Corporation (IDC) to finance eligible projects.

For more information, contact Piper Montemayor, Texas Leverage Fund, Office of the Governor, Economic Development and Tourism, P.O. Box 12428, Austin, Texas 78711 or call (512) 463-6735. More information is available at http://www.governor.state.tx.us/divisions/ecodev/ed_bank/leverage_fund/.

Rural Health Disaster Relief and Recovery Grant
The Office of Rural Community Affairs has established a disaster program for rural hospitals and clinics. Hospitals are eligible for grants of up to $25,000 apiece, and rural clinics can receive a maximum of $10,000 each.

For more information, contact the Office of Rural Community Affairs at (512) 936-6729. More information is available at http://www.orca.state.tx.us/whatsNew/index.htm#Health.


Program Level Agency Services Eligibility Type of Assistance Contact Web
Texas Capital Fund Main Street Program State TDA
&
THC
Stimulate economic development in downtown areas of non-entitlement cities. (TDA administers the program and THC evaluates applications.) Non-entitlement cities. Grants Texas Department of Agriculture
(512) 936-0281.
http://www.agr.state.tx.us/iga/grants_funding/index.htm
Infrastructure Program State TDA Assist businesses with public infrastructure. Non-entitlement communities. Grants Texas Department of Agriculture
(512) 936-0281.
http://www.agr.state.tx.us/iga/grants_funding/index.htm
Real Estate Development Program State TDA Develops real estate for businesses. Non-entitlement communities. Grants Texas Department of Agriculture
(512) 936-0281.
http://www.agr.state.tx.us/iga/grants_funding/index.htm
Downtown Revitalization Program State TDA Public infrastructure improvements. Non-entitlement cities. Grants Texas Department of Agriculture
(512) 936-0281.
http://www.agr.state.tx.us/iga/grants_funding/index.htm
Texas Main Street Program State THC Revitalize historic downtowns and commercial districts. Texas cities. Grants Texas Historic Commission
(512) 463-5758.
http://www.thc.state.tx.us/mainstreet/msdefault.html
Rural Municipal Finance Program State TDA Purchase real estate, construction, and infrastructure improvements. Cities and counties. Loans Texas Department of Agriculture
(512) 463-9932.
http://www.agr.state.tx.us/eco/finance_ag_development/tafa/fin_rdfpmunicipal.htm
Agribusiness Linked Deposit Program State TDA Agriculture-related expenses, purchase or lease of land or fixed asset acquisition. Individuals in a designated disaster area, farmers, and ranchers. Loans Texas Department of Agriculture
(512) 463-9932.
http://www.agr.state.tx.us/eco/index.htm
Linked Deposit Program State TEDTO Lease, purchase, or construction of land, buildings, and equipment. Underutilized businesses, childcare providers, nonprofit corporations, and small businesses. Loans Office of the Governor
(512) 936-0266.
http://www.agr.state.tx.us/eco/finance_ag_development/tafa/fin_linked.htm
Texas Industrial Revenue Bond Program State TEDTO Bonds issued for eligible industrial and manufacturing projects, with the debt service paid by the business under the terms of a lease, sale, or loan agreement. Industrial Development Corporations created by cities, counties, and reclamation districts. Lease, sale or loan agreements Office of the Governor
(512) 936-0266.
http://www.governor.state.tx.us/divisions/ecodev/ed_bank/irb_program
Young Farmer Loan Guarantee Program State TDA Establish or enhance farm or ranch operations. Individuals between the ages of 18-39. Loans Texas Department of Agriculture
(512) 463-9932.
http://www.agr.state.tx.us/eco/finance_ag_development/tafa/fin_yfarmer.htm
Self-Sufficiency Fund State TWC Financing, designing, and implementing job training programs. Community and technical colleges or nonprofits with private employers. Grants Texas Workforce Commission
(512) 463-8844.
http://www.twc.state.tx.us/svcs/funds/ssfintro.html
Skills Development Fund State TWC Provides training. Businesses and labor unions with community and technical colleges. Grants Texas Workforce Commission
(512) 463-8844.
http://www.twc.state.tx.us/svcs/funds/sdfintro.html
Texas Capital Access Program State TEDTO Working capital or the purchase, construction, or lease of capital assets, including buildings and equipment. Businesses and nonprofit corporations. Loans Office of the Governor
(512) 936-0266.
http://www.governor.state.tx.us/divisions/ecodev/ed_bank/cap_access
Texas Leverage Program State TEDTO Communities may leverage future sales tax revenues to support job retention or creation. Communities that have the economic development sales tax. Loans Office of the Governor
(512) 463-6735.
http://www.governor.state.tx.us/divisions/ecodev/ed_bank/leverage_fund/
Rural Health Disaster Relief and Recovery Grant State ORCA Assist rural hospitals and rural health clinics to respond to a federal or state disaster declaration. Hospitals. Grants Office of Rural and Community Affairs http://www.orca.state.tx.us/whatsNew/index.htm#Health