Funding Opportunties for Ports to Plains

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Reach for the Sky!: Funding Opportunities – Programs, grants, innovative funding options
Elena Quintanilla, Director of Regional Services, South Plains Association of Governments

Published in: Business, Economy & Finance
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Funding Opportunties for Ports to Plains

  1. 1. FUNDINGOPPORTUNITIES
  2. 2. Today’s Objectives• Highlight Some Funding Options for Communities• Provide Some Examples of Community Projects• Provide Some Websites of Resources for Infrastructure
  3. 3. South Plains Association of Governments
  4. 4. SPAG PROGRAMS• Economic Development• Involvement in the High Ground• Grant Writing for Infrastructure
  5. 5. ECONOMIC DEVELOPMENT• High Ground of Texas• Caprock SBA 504 Loan Program• Revolving Loan Fund
  6. 6. HIGH GROUND OF TEXAS
  7. 7. HIGH GROUND OF TEXAS• Coalition of Cities to Market West TX - 66 counties• Diverse CO Participation – Manufacturing, Agriculture, Food Processing, Renewable Energy• High Ground Benefits – Trade Fairs & Training (Rural Economic Development Initiative REDI)• Website –www.highground.org
  8. 8. CAPROCK SBA 504 PROGRAM• Low Interest Program• Fixed Assets• Job Creation• Term 10-20 years• Eligibility - an operating business, organized for profit, business located in the US, demonstrate the need for financing
  9. 9. Typical Structure for 504• Bank Loans – 50%• SBA Loans – 40%• Business Injection – 10%
  10. 10. Revolving Loan Program• Maximum - $200,000• Fixed Assets, Working Capital, & Inventory• Terms & Rate determined by a SPAG-RLF Loan Committee• Injection – 10% by the Business
  11. 11. ECONOMIC DEVELOPMENT PROGRAMSCONTACT: Krystal Watkins (806)762-8721 kwatkins@spag.org
  12. 12. Community Development• Grant Programs –TEXAS CAPITAL FUND •Infrastructure •Real Estate •Downtown Revitalization
  13. 13. TEXAS CAPITAL FUND Infrastructure• HUD Funds• Applicant – City or County• Job Creation• Funding for Infrastructure – Streets,Water, Sewer, Real Estate, Drainage, Rail, Gas Lines• Awards - $50,000 - $750,000
  14. 14. TEXAS CAPITAL FUND Downtown• Main Street Program• Downtown Revitalization Program
  15. 15. TEXAS CAPITAL Downtown Programs• HUD funding• $150,000 per community• To improve downtown & remove slum and blight• Statewide competition- objective scoring
  16. 16. TEXAS CAPITAL FUNDCONTACT: Texas Dept. of Agriculture www.agr.state.tx.us
  17. 17. Additional ResourcesEconomic Development Administration (EDA)www.EDA.govUnited States Department on Agriculture (USDA)www.USDA.gov
  18. 18. QUESTIONS?CONTACT: Elena Quintanilla Director of Regional Serv. South Plains Assoc. of Gov’t (806) 762-8721 equintanilla@spag.org

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