YEDC Grants for Businesses and Non-Profits
The Yoakum Economic Development Corporation (YEDC) offers six types of grant programs. Each program fits a unique segment of our community. Funds are budgeted yearly by the YEDC board, and grant applications are due on September 30. In some years a mid-year call for applications may occur. YEDC grants operate under a set of guidelines that every applicant must read. Questions should be directed to the Director of Economic Development.
Business Retail Enhancement
The Business Retail Enhancement Program works to stimulate activity to businesses that collect and report sales tax within the city limits. Under this grant program, up to fifty percent of the total cost, not to exceed $10,000, will be reimbursed upon completion of the project. A completed business plan coordinated with the University of Houston-Victoria's Small Business Development Center is required to be considered for this grant.
Business District Preservation
The Business District Preservation Program works to preserve, protect, enhance, and encourage activity in the downtown business district which is bounded by and within Hopkins St., Front St., West St., and McCarty St. Under this grant program, up to fifty percent of the total cost not to exceed $7,500, will be reimbursed upon completion of the project. Types of work include signage, brick work, painting, side walks, landscaping, store front upgrades, second story conversion, interior repair, windows and other related activities.
The Community Services Program fosters support to non-profit organizations within the Yoakum trade area. Under this grant program, up to fifty percent of the total cost, not to exceed $5,000, will be reimbursed upon completion of the project.
This program is designed for businesses interested in locating in Yoakum and for existing Yoakum businesses. Generally these grants require a significant increase in employment and capital investment and are subject to a written preformance agreement. Expansion grants have higher values that are negotiated according to the needs of the client company. Contact the Director of Economic Development to discuss the application process.
This program is for special circumstances which do not fit into the above categories. Contact the Director of Economic Development to discuss the application process.
Qualifying new businesses are eligible to receive 100% sales tax reimbursement (8.25%) after 12 months of successful operation, to a maximum of $5,000. The business should collect sales tax and have at least one employee, other than the owner.
Transform a vacant or underutilized building in the defined business district (Bounded by and within Hopkins Street, Front Street, West Street and McCarty Street) into a retail business that collects sales tax. Keep the new store open for a minimum of twelve (12) months and the building owner is eligible to apply for a YEDC one-time of $2,000.
The Yoakum EDC can provide technical assistance for the following:
- Texas Department of Agriculture matching grants and low interest loans,
- Texas Capital Fund Infrastructure & Real Estate Development Program
- City of Yoakum Tax Abatement Program as authorized by the Property Redevelopment and Tax Abatement Act of 1989.
- Performance based sales tax reimbursement via 380 agreement.
After a 25 year blackout, the Grand Theater reopened in Fall of 2016 with assistance from the Yoakum EDC.
Circle Y Saddles consolidated North American operations in Yoakum in January 2017. A 30,000 square foot warehouse, shown under construction, was added to the facility. Circle Y utilized a YEDC Expansion Grant.
In February 2017, a YEDC Retail Enhancement Grant helped the Stanley Center owners spiff up the retail center, as shown in these before and after photos.
Historic building developer Kerry Rhotenberry received a Business District Preservation grant for her work at 201 W Grand.
In 2016 the Yoakum Heritage Museum received Community Service grants for foundation work and interior wall repairs.