Home > Departments > Economic Development

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

Economic Development Department
1150 South Freeway, Suite 106
Fort Worth, TX 76104
817-871-6021 (phone)
817-332-6465 (fax)

Office of Small Business
1150 South Freeway, Suite 106
Fort Worth, TX 76104
817-871-6021 (phone)
817-332-6465 (fax)

Office of Business Diversity
1150 South Freeway, Suite 144
Fort Worth, TX 76104
817-871-6021 (phone)
817-332-6465 (fax)

Director:
Robert Sturns

News

Reports

Calendar

Building a Successful Sales Program for Today: 8:30 a.m. July 18, 2018; James E. Guinn Entrepreneurial Campus, 1150 S Freeway.
Register for this event »

City of Fort Worth “Monthly Informational Forum for M/WBEs”: 11:30 a.m. July 19, 2018; James E. Guinn Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway.

Employee Lifecycle: Interviewing, Hiring, and What Comes Next: 11:30 a.m. July 25, 2018; James E. Guinn Entrepreneurial Campus, 1150 S Freeway.
Register for this event »

Lunch and Learn with Google: 11:30 a.m. July 26, 2018; James E. Guinn Entrepreneurial Campus, 1150 S Freeway.
Register for this event »

City of Fort Worth “Monthly Informational Forum for M/WBEs”: 11:30 a.m. Aug. 16, 2018; James E. Guinn Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway.

Brunch at the BAC with Mayor Betsy Price: 10 a.m. Aug. 23, 2018; James E. Guinn Entrepreneurial Campus, Business Assistance Center, 1150 S. Freeway.

Resources