YEDC Grants for Businesses and Non-Profits
The Yoakum Economic Development Corporation (YEDC) offers several 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 now accepted year around. YEDC grants reimburse the applicant for approved, completed and paid work. No grants will be considered for work already performed.
Applications and supporting documentation should be submitted to the YEDC director by the 1st of the month. The YEDC board meets monthly on the third Monday. When current year funds are exhausted new grant applications will be considered for the next fiscal year.
YEDC grants operate under a set of guidelines that every applicant must read. Effective immediately a Project Profile is required with the application. Currently this document is a work-in-progress with plans to finalize in time for the 2018-2019 fiscal year. Contact the YEDC director for the current draft version.
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 may be 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. With the upcoming National Register District nomination, the new boundaries of the district are to-be-determined. Contact the YEDC director is there is any question. 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.
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. Updated for 2017-2018.
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.
The owners transformed an old feed store into the Yoakum General Store. Assisted by a YEDC General Grant, the project will include a lumber yard in July 2018.
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.
Town & Country Cleaners used a Retail Enhancement Grant to apply its corporate color scheme, seen in the lower photo, to its Yoakum store.
In 2016 the Yoakum Heritage Museum received Community Service grants for foundation work and interior wall repairs.
The owners of St Regis Past & Present received a Business District Preservation Grant to remove plywood from the upper floor windows. The September 2017 project resulted in a dramatic visual improvement to Lott Street.