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| Economic Development |
| Questions/Concerns? Contact: Patrick J. Kennedy, EDFP PO Box 738/808 Hwy 77-A South Yoakum, TX 77995 Phone #: (361) 293-6321 Cell #: (361) 293-0476 Fax #: (361) 293-3318 Email: pkennedy@cityofyoakum.org |
| Yoakum grant programs funding approved Victoria Advocate - June 15, 2010 |
YOAKUM - Local grant programs that helped 10 Yoakum businesses improve or expand last year
have been approved for funding again.
On Tuesday, the Yoakum City Council approved the city's Economic Development Corporation's
master plan and budget that includes $50,000 set aside for retail enhancement, business district
preservation and community service grant programs.
Three organizations were assisted with community service projects last year.
"All 13 of the projects funded last year are complete," said Pat Kennedy, Yoakum economic and
community development coordinator. "The EDC spent $66,000 and about $220,000 was injected
into our economy through these projects."
The program is a cost reimbursement program, requiring the work be completed before funds are
dispersed. Last year the grants ranged from $750 to $10,000.
The new budget includes $20,000 each for the retail enhancement and business district
preservation grants and $10,000 for community service projects.
Application requirements for the retail enhancement grant include submission of a business plan
coordinated with the University of Houston-Victoria Small Business Development Center.
The amount of the grant can be for up to 50 percent of the total project cost, not to exceed
$10,000.
For business district preservation grants, a business must be located in the designated business
district bound by Hopkins, Front, West and McCarty streets. Grants will be made for up to 50
percent of the total project cost, not to exceed $7,500.
Applicants must also provide bids they have received to complete the project.
Community service grants will be made up 50 percent of the total project cost, not to exceed $5,000.
Organizations have to mention the economic development corporation funding in all advertising
and marketing.
For each grant category, an application criteria score sheet must also be completed. The scoring
includes job creation and retention, if applicable, and use of local contractors and suppliers, among
other criteria.
"It's a competition," Kennedy said. "We will have training workshops in the next few weeks to let
people know what we are looking for."
Applications may be turned in through Friday, Oct. 1. The YEDC board of directors will select the
grant recipients during its regular meeting on Monday, Oct. 4.
Kennedy said another $50,000 in the budget has been designated for business expansion for
"other projects that might come up."
The corporation's total budget is about $210,000.
have been approved for funding again.
On Tuesday, the Yoakum City Council approved the city's Economic Development Corporation's
master plan and budget that includes $50,000 set aside for retail enhancement, business district
preservation and community service grant programs.
Three organizations were assisted with community service projects last year.
"All 13 of the projects funded last year are complete," said Pat Kennedy, Yoakum economic and
community development coordinator. "The EDC spent $66,000 and about $220,000 was injected
into our economy through these projects."
The program is a cost reimbursement program, requiring the work be completed before funds are
dispersed. Last year the grants ranged from $750 to $10,000.
The new budget includes $20,000 each for the retail enhancement and business district
preservation grants and $10,000 for community service projects.
Application requirements for the retail enhancement grant include submission of a business plan
coordinated with the University of Houston-Victoria Small Business Development Center.
The amount of the grant can be for up to 50 percent of the total project cost, not to exceed
$10,000.
For business district preservation grants, a business must be located in the designated business
district bound by Hopkins, Front, West and McCarty streets. Grants will be made for up to 50
percent of the total project cost, not to exceed $7,500.
Applicants must also provide bids they have received to complete the project.
Community service grants will be made up 50 percent of the total project cost, not to exceed $5,000.
Organizations have to mention the economic development corporation funding in all advertising
and marketing.
For each grant category, an application criteria score sheet must also be completed. The scoring
includes job creation and retention, if applicable, and use of local contractors and suppliers, among
other criteria.
"It's a competition," Kennedy said. "We will have training workshops in the next few weeks to let
people know what we are looking for."
Applications may be turned in through Friday, Oct. 1. The YEDC board of directors will select the
grant recipients during its regular meeting on Monday, Oct. 4.
Kennedy said another $50,000 in the budget has been designated for business expansion for
"other projects that might come up."
The corporation's total budget is about $210,000.
| YEDC BOARD RECOGNIZED - Yoakum Herald-Times, May 19, 2010 Yoakum Economic Development Corporation Board was recognized by the Texas Economic Development Corporation for Economic Excellence in 2009. This award recognizes a commitment to Professional Economic Development by City Administration, elected and appointed officials, and exemplary professional standards demonstrated by the Economic Development staff. Above, front row from left: Patrick J. Kennedy (E/CD Coordinator), Margie McMullen (President), and Mayor Annie Rodriguez. Back Row from left: Tommy Barre, Dr. Louis Boening, Arthur Hermann, III, Allen Dieringer, and Tim Faulkner. |
| CLICK ON THE APPROPRIATE FORM (Note: All applicants must complete the Application Criteria Form) Business Retail Enhancement Application Business District Preservation Application Community Service Program Application Application Criteria for ALL Enhancement Programs |