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Hurricane Harvey Small Business Grants

Hurricane Harvey Small Business Grants – Dan Slane is the CEO of Texas Back In Business, which works with the General Land Office to distribute grants to small businesses affected by Hurricane Harvey.

Small businesses affected by Hurricane Harvey can receive between $50,000 and $250,000 in federal aid, thanks to a new relief program.

Hurricane Harvey Small Business Grants

Hurricane Harvey Small Business Grants

Texas Back In Business works under a contract with the General Land Office to distribute $100 million.

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Project CEO Dan Slane said there are still 10,000 small businesses still recovering from the 2017 hurricane and he estimates that half of them are in Greater Houston.

“All they need is for them to be in business on the day of the storm, to get damaged and in one of the 49 affected cities,” he said.

Slane said it took more than two years to raise the money because it was a difficult process.

“Congress passed the funding bill in 2018 and then there was a discussion about where it should go — FEMA, HUD, Homeland Security,” he said. “They finally gave it to HUD.”

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Since this program has not been done before, HUD – US Department of Housing and Urban Development then you have to make the rules and regulations and decide which organization should do it.

These grants are intended to be used for working capital, inventory, machinery, equipment, supplies and other expenses directly related to the business. Texas Back in Business, supported by the US Department of Housing and Urban Development’s Community Development Grant for Disaster Recovery, is accepting applications until March 2 for federal financial assistance that awards Small businesses that are eligible were affected by Hurricane Harvey.

Texas Back in Business is accepting applications through March 2 for the organization’s support program that awards $50,000 to $250,000 to deserving small businesses that have experienced a disaster during Harvey time.

Hurricane Harvey Small Business Grants

Texas Back in Business is a program sponsored by the Hurricane Harvey Relief Program for Texas small businesses. They are working under a contract with the Texas General Land Office to administer and distribute $100 million to small businesses affected by Hurricane Harvey. This project is supported by the US Department of Housing and Urban Development. Disaster relief funds return to the community.

Small Businesses Impacted By Harvey Could Qualify For $250k Grant

For businesses to qualify, they must be in business in August. December 25, 2017, the damage caused by Hurricane Harvey, is classified as a small business by the Small Business Administration and is one of the 49 Hurricane Harvey affected cities and is considered necessary. from the US Department of Housing and Urban Development. to receive compensation for the damage, according to the press release.

“We are excited to announce the Texas Back in Business program, which will help small businesses recover from the damage caused by Hurricane Harvey,” said Dan Slane, CEO of Texas Back in Business. , CEO of Texas Back in Business in a press release. “We are excited to introduce this new program that helps support small businesses, protect jobs for local workers, and improve the economy of areas hit hard by the rain Hurricane Harvey.”

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According to Slane, they estimate the average asking price will be $150,000. Slane said the program will fund up to 700 grants, depending on the amount. Their goal is to complete the distribution of the aid by June.

“For many of these companies, debt is strangling them,” Slane said. “They can’t hire people, they can’t get more inventory. So we’re expecting a big impact on a lot of small businesses.”

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Must hire one person for every $50,000 given in the eight-week grant.

“You only have to have them on the payroll for eight weeks and then follow through, but we expect you to keep them on your payroll forever,” Slane said. ,” Slane said.

Slane said that with wide eyes, there is a large part of the money that supports the areas affected by Harvey to help the homeowners who were damaged by the flood, so they want to have a businesses that hire people. rebuilding. Enjoy our HEDP. Unfortunately, we are no longer accepting applications. Our grant manager, the Texas General Land Office (GLO), has terminated the program and will use an additional $11.4 million in HEDP funds through the GLO’s Housing Assistance Program in Houston. We apologize for the inconvenience, and we wish you and your business continued success.

Hurricane Harvey Small Business Grants

Hurricane Harvey created long-term impacts and challenges for Houston’s small businesses. The Harvey Economic Development Program (HEDP) provides support to small businesses and affected communities through small business loans and grants. The program is mainly for small businesses, defined as small businesses with 5 or fewer employees, including the owner. This program will supplement existing programs focused on providing employment and housing services to communities that are experiencing long-term impacts from Hurricane Harvey.

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The Harvey Economic Development Program’s Small Business Grant Program will provide grants to small businesses to help businesses recover from the long-term impacts of Hurricane Harvey.

Q. Hurricane Harvey affected my sales and operations, but did not damage my store. Is my business still eligible? Interesting

We understand that Harvey’s impact is not only physical damage, but also economic damage and destruction. As long as you can provide proof that your business suffered at least physical, economic, or a combination of physical and economic damage from Hurricane Harvey , this demand of Harvey is satisfied. Examples of business damage include: reduced sales/income due to hurricanes and lost contracts.

Q. If I have a different business in 2017 than the business I have now, is my business still eligible? Interesting

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We are required by law to use federal HEDP funds to assist businesses affected by Hurricane Harvey only. A new business cannot be considered affected by Hurricane Harvey if it is not during the storm.

Q. If I am a business owner and I am the only employee / my business has no other employees, is my business still eligible? Interesting

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Q. If my business is located in South Land, The Woodlands, Pearland, or other nearby areas, is my business still eligible? Interesting

Hurricane Harvey Small Business Grants

Unfortunately, our contract under our contract with GLO requires that the grant be used only for City of Houston businesses. We are dedicated to building a small business for the future.

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Q. If I don’t have a tax return for my business, is my business still eligible? Interesting

We will be held accountable by our grant manager, the GLO, and the Department of Housing and Urban Development (HUD) to ensure that services are provided to businesses that are truly impacted. from Hurricane Harvey. Tax documents, such as: IRS Form 1099, Form 940, Form 941, and/or Personal Tax Return are required to verify these and other eligibility requirements. We are under financial scrutiny of the government and the state for this work, and we take this responsibility very seriously.

A. Fraud is defined by federal statute (18 U.S.C. § 1001) as knowingly committing any of the following:

(2) make any false, misleading, or deceptive statement or representation, or make or use any false writing or similar information to contain any false, false, or misleading information statements or representations, in any matter related to the granting of benefits, transportation, exchange, exchange, offer, or payment with the announcement of catastrophic … GET A HEALTHY BENEFIT FOR THIS DAY, WORK WITHIN 30 YEARS, OR EARLY.”

Hurricane Harvey Fund

All HEDP applicants are required to date and sign the HEDP Anti-Fraud Certificate. The application will be considered incomplete and therefore ineligible without a signed and certified copy. Texas Black Expo, a 501(c)3 non-profit organization, is committed to helping small businesses affected by the COVID-19 (coronavirus) pandemic. Texas Small it. The Business Emergency Micro-Grant Source (TSBEMS) fund, which provides financial support to small business owners in times of global crisis.

Texas Black Expo has partnered with several major companies including H-E-B, Enterprise Holdings, Chevron and UPS, in an ongoing effort to support small businesses impacted by the devastation of COVID-19.

The devastating impact of the pandemic in and around Houston has led to a slowdown in many, including thousands of small businesses that have closed their operations in an effort to contain the spread of the virus. bearing slow. To help local entrepreneurs, the Texas Black Expo has created an emergency small business grant, giving deserving companies $1,000 each in grants. The grant portal is now open. The first amount will be distributed on April 30.

Hurricane Harvey Small Business Grants

“Small businesses are the backbone of the American economy, and like every city in the country, companies in Houston need all the resources available to help them open their doors. In addition , families depend on the jobs that small businesses provide, so we want to do everything we can to help keep local businesses healthy,” said Jerome Love, founder and president honor of the Texas Black Expo.

Learn How Your Business Might Get A Grant From Texas Back In Business

“We have partnered with the Texas Black Expo for over 17 years

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