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Chapter 380 Economic Development Program Grants

Purpose of Incentive

The purpose of these local grants is to reimburse private developers for the range of expenses that may contribute to a financing gap yielding projects financially infeasible. To this end, the city will also be sensitive to the taxable implications these grants may have for the developer and where possible, use transfer mechanisms (i.e., soft loans, accrual notes, etc.) which result in a favorable financial impact.

Project Use

The Economic Development Program grants are made in accordance with Texas Local Government Code 380. The city will work with the applicant to match dollars to appropriate costs.

Limitations

This incentive may only be used as a gap financing tool of last resort. The use of this incentive is for projects facing extraordinary impediments to development and offering significant positive impact to the community and surrounding neighborhood where the project is located. Limitations on how this incentive is used are predicated on the source of the funds and terms and conditions of the award to the city and the project.

Contact

Strategic Development & Revitalization
1150 South Freeway, Suite 106
Fort Worth, TX 76104
817-392-6021 (phone)
817-392-6031 (fax)

Office of Small Business
1150 South Freeway, Suite 106
Fort Worth, TX 76104
817-392-2622 (phone)
817-392-6031 (fax)

Office of Business Diversity
1150 South Freeway, Suite 144
Fort Worth, TX 76104
817-392-2674 (phone)
817-392-2681 (fax)

Director:
Robert Sturns

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Shaping Your Policy and Company Culture with Employee Handbooks: 11:30 a.m. May 28, 2019; James Guinn Entrepreneurial Campus, 1150 South Freeway.
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Presentations and Pitches - Public Speaking: 6 p.m. June 3, 2019; Fort Worth SCORE Conference Room, 1150 South Freeway, Suite 108.
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Applying Strategic Skills in Recruiting and Hiring Salespeople: 11 a.m. June 5, 2019; SCORE Fort Worth, 1150 South Freeway.
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Quickbooks Desktop: 8:30 a.m. June 6, 2019; SCORE Fort Worth, 1150 South Freeway.
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Copyright, Patents and Trademarks: 9 a.m. June 8, 2019; Fort Worth SCORE Conference Room, 1150 South Freeway.
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Informational Forum for Minority and Women-Owned Business Enterprises: 11:30 a.m. June 13, 2019; James E. Guinn Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway.
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Government Contracting BootCamp: Winning Government Business: 9 a.m. June 14, 2019; James Guinn Entrepreneurial Center - SCORE, 1150 South Freeway.
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Breakfast at the BAC - The Two H's of Labor and Employment: 7:30 a.m. June 20, 2019; Fort Worth Business Assistance Center, 1150 South Freeway.
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City of Fort Worth Workshops - RFP, RFQ, ITB and Best Value Solicitations: 8:30 a.m. June 27, 2019; James E. Guinn Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway.
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