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Comptroller’s Disaster Resources

Texas Capital Fund (four programs)

Main Streets Improvement Program -- This program is designed to foster small businesses by providing financial assistance to non-entitlement cities for public improvements. Non-entitlement cities are cities that do not receive their own private activity bond volume cap allocation. This program encourages eliminating slum or blighted areas.

Infrastructure Development Program -- This program is an economic development tool designed to provide financial resources to non-entitlement communities. These communities can use the funds from this program for public infrastructure needed to assist a business that commits to create and/or retain permanent jobs, primarily for low- and moderate-income people. This program encourages new business development and expansions.

Real Estate Development Program -- This program is an economic development tool designed to provide financial resources to non-entitlement communities. Funds must be used for real estate development to assist a business that commits to create and/or retain permanent jobs, primarily for low- and moderate-income people. This program encourages new business development and expansions.

Downtown Revitalization Program -- This program is designed to stimulate economic development in the downtown area by providing financial assistance to non-entitlement cities for public infrastructure improvements. This program aids in the elimination of slum or blighted areas in non-entitlement communities. For more information, contact the Texas Capital Fund Programs, Texas Department of Agriculture, Rural Economic Development Division, P.O. Box 12847, Austin, Texas, 78711 or call (512) 936-0281.

Learn more about the Texas Capital Fund.

Texas Main Street Program

This is part of the Texas Historical Commission’s (THC) Community Heritage Development Division. According to THC, the Texas Main Street Program helps up to five Texas cities each year revitalize their historic downtowns and neighborhood commercial districts by using preservation and economic development strategies.

Texas cities with historic commercial buildings in their business districts and downtown areas may apply for Main Street designation. For more information, contact Texas Historical Commission, 1304 Colorado, Austin, Texas 78701 or call (512) 463-5758.

Learn more about the Texas Main Street Program.

Rural Municipal Finance Program

This program was created to stimulate economic activity in rural Texas. Applicants must be located within rural areas of the state, provide significant benefits for the rural area and provide evidence of ability to repay the commitment. Funds must be used to improve or assist in the economic development of the rural area such as: purchase of real estate, construction of buildings and site improvements, equipment, water and wastewater systems and municipal infrastructure projects. Cities and counties are eligible to apply.

For more information, contact the Texas Department of Agriculture, Rural Economic Development Division, P.O. Box 12847, Austin, Texas 78711 or call (512) 463-9932.

Learn more about the Rural Municipal Finance Program.

Interest Rate Reduction

The Texas Agricultural Finance Authority ("Authority") was created in 1987 as a public authority within the Texas Department of Agriculture. The Authority provides financial assistance through eligible lending institutions to creditworthy individuals and businesses. TAFA encourages private commercial lending at below market rates, to eligible applicants for eligible projects.

An eligible applicant must be in the business or entering the business of: processing and marketing agricultural crops or livestock in this state; producing alternative agricultural crops and/or livestock, including certified organic production in this state; producing agricultural crops or livestock in this state, the production of which has declined because of natural disasters; producing agricultural crops or livestock in this state using water conservation equipment and techniques;
 for the development of water conservation projects; or 
providing nonagricultural goods or services in a rural area.

An eligible lender must be a financial institution that makes commercial loans, is a depository of state funds and agrees to comply with the requirements of the Interest Rate Reduction (IRR) Program-formerly known as Linked Deposit Program.

Eligible use of funds are identified in the program rules and may include agriculture-related operating expenses, the purchase or lease of land or fixed asset acquisition or improvements or any rural business expense, as identified in the application. A loan under the natural disaster category may be applied to existing debt for applicants eligible to participate under this program only under limited circumstances as identified in the program rules. For more information, contact Texas Department of Agriculture, Rural Economic Development Division, P.O. Box 12847, Austin, Texas 78711 or call (512) 936-0273.

Learn more about Interest Rate Reducation.

Texas Industrial Revenue Bond Program

This program, administered by TEDTO, provides tax-exempt financing for land and depreciable property for eligible industrial or manufacturing projects. The Development Corporation Act allows cities, counties, conservation and reclamation districts to form nonprofit industrial development corporations or authorities on their behalf. The purpose is to issue taxable and tax-exempt bonds for eligible projects in their jurisdictions. For more information, contact Texas Industrial Revenue Bond Program, Office of the Governor, Economic Development and Tourism, P.O. Box 12428, Austin, Texas 78711 or call (512) 936-0100.

Learn more about the Texas Industrial Revenue Bond Program.

Young Farmer Interest Rate Reduction Program

The Texas Agricultural Finance Authority provides financial assistance through reducing the loan interest rate for young farmers or ranchers, age 18 to 45 years, who are starting or expanding agricultural businesses in Texas. For more information, contact Texas Department of Agriculture, Rural Economic Development Division, P.O. Box 12847, Austin, Texas 78711 or call (512) 936-0273.

Learn more about the Young Farmer Interest Rate Reduction Program.

Young Farmer Grant Program

The Texas Agricultural Finance Authority provides grants to young agricultural producers, age 18 to 45 years, who are starting or expanding agricultural businesses in Texas. For more information, contact Texas Department of Agriculture, Rural Economic Development Division, P.O. Box 12847, Austin, Texas 78711 or call (512) 936-0273.

Learn more about the Young Farmer Grant Program.

Self-Sufficiency Fund

The Self-Sufficiency Fund program, administered by the Texas Workforce Commission (TWC), assists businesses by designing, financing and implementing customized job training programs in partnership with public community and technical colleges, a higher education extension service and community-based organizations for the creation of new jobs and/or the retraining of the existing work force.

Individuals eligible to participate in Self-Sufficiency Fund grants are those adults who receive Temporary Assistance for Needy Families (TANF), Food Stamp (FS) recipients with dependent children and a Needy Parent, including a non-custodial parent, whose annual wages are at or below $37,000.

In order to receive funding under the Self-Sufficiency Fund, two or more entities must file a joint application with TWC. One of those entities must be a public community college, a public technical college, a private, non-profit organization that meets the requirements set forth by the TWC or the higher education extension service. At least one of the joint applicants must be a private employer. Before this application is submitted to TWC, it must be submitted to the appropriate Local Workforce Development Board for review and comment.

For more information contact Workforce Business Services Department, Workforce Development Division, Texas Workforce Commission, 101 E. 15th Street, Room 242-T, Austin, Texas 78778 or call (512) 463-8844.

Learn more about the Self-Sufficiency Fund.

Skills Development Fund

The fund is designed to provide funds for customized training programs. The fund will provide training for specific skills for workers who will be hired by the business.

Businesses and labor unions that form partnerships with local community colleges and technical colleges or the higher education extension agency may apply. The applicants should have a training plan and jobs, which pay the prevailing wage for occupations in their local labor market. A Skills Development Fund proposal submission is required and will assist the Executive Director of the Texas Workforce Commission in determining grant funding.

For more information, contact Workforce Business Services Department, Workforce Development Division, Texas Workforce Commission, 101 E. 15th Street, Room 242-T, Austin, Texas 78778 or call (512) 463-8844.

Learn more about the Skills Development Fund.

Disaster Relief and Urgent Need Fund

Disaster Relief assistance is available as needed for eligible activities in relief of disaster situations where either the Governor has proclaimed a state disaster declaration or has requested a federal disaster declaration. For more information, contact the Texas Department of Rural Affairs at (512) 936-6701.

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