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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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Calendar

City of Fort Worth Workshops - RFP, RFQ, ITB and Best Value Solicitations: 8:30 a.m. April 4, 2019; James E. Guinn Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway.
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How to Start A Food Truck and Mobile Catering Business: 8:15 a.m. April 6, 2019; SCORE Conference Room at the Business Assistance Center, 1150 South Freeway.
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Everything You Need to Start A Business: 9 a.m. April 6, 2019; SCORE Conference Room at the Business Assistance Center, 1150 South Freeway.
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Certification Training for Minority, Women, Small, or Disadvantaged-Owned Business Enterprises and Other Federal Certifications: 6 p.m. April 9, 2019; James E. Guinn Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway.
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The Essentials of Your Business Plan: 8:30 a.m. April 10, 2019; SCORE Conference Room at the Business Assistance Center, 1150 South Freeway.
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How to Break the Rules and Win at Sales: 11:30 a.m. April 10, 2019; SCORE Conference Room at the Business Assistance Center, 1150 South Freeway.
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Informational Forum for Minority and Women-Owned Business Enterprises: 11:30 a.m. April 11, 2019; James E. Guinn Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway.
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How to Form an LLC or Corporation in One Day in Texas: 6:45 p.m. April 23, 2019; SCORE Conference Room at the Business Assistance Center, 1150 South Freeway.
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Quickbooks Online: 8:30 a.m. April 25, 2019; SCORE Conference Room at the Business Assistance Center, 1150 South Freeway.
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Financial Statements Basic for Small Businesses: 11:30 a.m. April 25, 2019; SCORE Conference Room at the Business Assistance Center, 1150 South Freeway.
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Building Out a Successful Sales Program in 2019: 9 a.m. April 26, 2019; SCORE Conference Room at the Business Assistance Center, 1150 South Freeway.
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