WACO, Texas — The City of Waco Housing and Community Development Department has just launched a new grant program to help small businesses in the city.
The We All Win Waco program will utilize funds from the American Rescue Plan Act, the Tax Increment Financing budget and the city's general fund to support small businesses in "historically blighted commercial corridors" said the city.
Applications for the grant have opened, and will remain open until Feb. 4, 2023. The city estimates funds will be distributed as early as Mar. 24.
Businesses that qualify for the grant program could receive up to $60,000 in ARPA funding, according to the city, and up to $100,000 in funding from the TIF in select corridors.
All funding recommendations, awards and amounts are reviewed by a committee.
To qualify for the grant program, businesses must be located inside the Waco city limits, employ fewer than 25 people and must be located in Community Development Block Grant eligible areas as of Mar. 3.
To apply or to see the full list of eligibility requirements, visit weallwinwaco.com.
Businesses that would like help with the application process are encouraged to contact the Cen-Tex African American Chamber of Commerce at (254) 235-3204, the Cen-Tex Hispanic Chamber of Commerce at (254) 254-7111, Grassroots Community Development at (254) 235-7358 or StartUp Waco at (254) 304-9179.