Five Big Grants for Small Businesses in Texas

Do you want to develop your small business but don’t know how? Grants can help finance the growth of your business, and best of all, you don’t have to pay back the money. The government and private organizations offer grants to Texas small businesses in need of financial assistance. We have compiled five grants for your small business. New grants are released regularly, so it’s important to check back often.

Government grants

Young Farmer Subsidy Program

Grant amount: Up to $ 20,000
Deadline: Fall and spring
The goal of the Young Farmer Grant is to develop and support Texas agriculture. It is open to anyone between the ages of 18 and 45. This program has a 1: 1 match requirement, which means the farmer must match the grant amount. For example, if the total project costs $ 20,000, the farmer must raise $ 10,000 to which the grant will match.

Skills for small businesses

Grant amount: Up to $ 1,800 for each new employee
Deadline: In progress
Skills for Small Business is a program offered by the Texas Workforce Commission to help small business owners train new workers. The business must have less than 100 employees and it pays up to $ 1,800 for each new employee and $ 900 for existing employees per 12 month period. Training must take place at a public community or technical college or the Texas A&M Engineering Extension Service. Qualifying education includes credit courses, continuing education, and online courses.

Private grants

Fiserv + Clover Back2Business Grant Program

Grant amount: $ 10,000
Deadline: the 31st of December
If your business is minority-owned, has fewer than 11 employees, has annual sales of less than $ 1 million, and is located in Oklahoma, Texas, the greater Detroit area, or the Washington metropolitan area, DC / Maryland / Virginia, apply for the Fiserve + Clover Back2Business Grants Program. Your business must also be impacted by the COVID-19 pandemic and be incorporated before January 1, 2020.

Emergency Small Business Grant Program

Grant amount: Up to $ 25,000
Deadline: In progress
The Fort Bend County Commissioners’ Court has an Emergency Small Business Grant program that provides up to $ 25,000 to eligible businesses. These businesses must have been fully operational by December 30, 2019. You must be able to prove a revenue drop of 25% or more for 2019-2020 and provide two years of completed tax returns.

Southern Smoke Emergency Relief Program

Grant amount: Varied
Deadline: In progress
The Southern Smoke Emergency Relief Program is specifically for those who own restaurants or bars, are employed in one or are suppliers, and have unforeseen expenses not covered by insurance. Its philosophy is to “take care of our own”. As such, this grant can cover the costs of FEMA physician bills, repairs, and disasters. The award committee reviews all applications and determines the amount of the grant.

Frequently Asked Questions (FAQ)

Do I have to pay taxes on my small business grant?

Although you don’t have to repay the grant money, it counts as business income. This means that you have to pay taxes on the money received.

Where can I find out about new grant opportunities?

Check out your local Small Business Development Center, which is a division of the US Small Business Administration. Not only can they tell you about grant opportunities, but they can also help you train, organize, and connect you with local resources.

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