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 applicant should meet with the Director at least once prior to making application. The YEDC board meets monthly on the third Monday. The applicant will typically hear from the Director within 24 hours of the board meeting. If work commences prior to board approval the applicant is at risk of grant disqualification.
When current year funds are exhausted new grant applications will be considered for the next fiscal year.
Grant Application Supporting Documentation
Grant applications include a checklist of documents required with the application. The list varies by grant type. The checklist may include bids and proposals from contractors, a W-9 (a one page IRS form required for reimbursement) and other items. After reviewing the application checklist call the Director for details.
The following documents are required with every grant application.
1. YEDC grants operate under a set of Grant Guidelines that every applicant must read.
2. A Project Profile is required with the application. The grant applicant’s project must score fifty points out of a possible 100 to be considered for funding. Points are awarded in nine categories such as job creation, use of local contractors and suppliers, and sales tax collection. Extra points are awarded for buildings and businesses located downtown.
3. A signed Performance Agreement accompanies every application. Most grants of $10,000 or less will require the standard agreement.
4. A signed IRS W-9 is required for reimbursement. It must include either the applicant's social security number or EIN.
Choose a grant application which best suits your situation.
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 Yoakum Commercial Historic District. For this grant the property must be inside the district. Typically property owners (not renting business owners) apply for these grants.
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.
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 added 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 and 15 new jobs were created. 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.