Do you want to grow your small business but don’t know how? Grants may be able to help finance your business growth, and best of all—you don’t have to pay back the money. Both the government and private organizations offer grants for small businesses in Texas that require financial assistance. We’ve compiled five grants for your small business to apply for. New grants are released regularly, so it’s important to check back often. Check out the grant options below and let your Texas small business breathe better today!
Young Farmer Grant Option: The amount of this grant is up to $20,000. There are 2 filing deadlines; Fall and Spring. The purpose of the Young Farmer Grant is to grow and support Texas agriculture. It’s open to anyone between the ages of 18 and 45. This program has a 1:1 match requirement, which means the farmer must match the grant amount. For example, if the total project costs $20,000, the farmer must raise $10,000 that the grant will match.
Skills for Small Business: The amount of this grant is up to $1,800 for each new employee. There is no current deadline for this grant option. It is an ongoing procedure. Skills for Small Business is a program offered by the Texas Workforce Commission to help small business owners train new workers. The company must have fewer than 100 employees and it pays up to $1,800 for each new employee and $900 for existing employees per 12-month period. Training must occur at a public community or technical college or the Texas A&M Engineering Extension Service. Eligible training includes for-credit, continuing education and online courses.
Fiserv + Clover Back2Business Grant Program: The grant amount is $10,000. Deadline to apply is December 31. If your business is minority-owned, has fewer than 11 employees, has less than $1 million in annual revenue and is in Oklahoma, Texas, the greater Detroit area or the Washington, D.C./Maryland/Virginia metropolitan area, apply for the Fiserve + Clover Back2Business Grant Program. Your business must also be impacted by the COVID-19 pandemic and be formed before January 1, 2020.
Small Business Emergency Grant Program: The amount of this grant is up to $25,000. There is an ongoing filing deadline. The Fort Bend County Commissioners Court has a Small Business Emergency Grant Program that provides up to $25,000 to eligible businesses. These businesses must have been fully operational as of December 30, 2019. You must be able to prove a revenue decline of 25% or more for 2019–2020 and provide two years of completed tax returns.
Southern Smoke Emergency Relief Program: There is no deadline date for this grant. The Southern Smoke Emergency Relief Program is specifically for those who own restaurants or bars, are employed at one or are suppliers and have unforeseen expenses not covered by insurance. Its ethos is “taking care of our own.” As such, this grant can cover the costs of doctor bills, repairs and FEMA disasters. The award committee reviews all applications and determines the grant amount.