Boots To Business Grant Overview
The Gun Barrel City Economic Development Corporation (GBC EDC) is committed to supporting our men and women who have loyally served in the military. The EDC is particularly interested in supporting businesses that are, or will be, established by a veteran and/or will provide employment to veterans. It is the EDC's intention to partner with local organizations and businesses to attract new development investment as well as assist in the retention and expansion of existing businesses for ex-military in Gun Barrel City.
Pursuant to the aims and objectives stated above, the EDC Board of Directors (EDC Board) has established the "Boots to Business Grant" to assist in establishing new businesses or expanding existing businesses in the City for ex-military persons. The EDC is offering financial assistance under legal authorization as stated in Texas local government code, Section 501 and 505 of the Development Corporation Act. Financial incentives will be evaluated on a case-by-case basis such that any incentives extended will be based upon the business’s projected new sales tax, new meaningful jobs created, retention and expansion of existing business, and its contribution to community improvement.
This grant is a matching-funds grant. The TVCC Small Business Development Center (SBDC) is a good resource to help those who are interested refine their business plans and apply for SBA 504 and 7a loans. TVCCSBDC.org
- Honorably discharged U.S. Military Veterans (Air Force, Army, Coast Guard, Navy, Marines)
- Majority veteran owned current or prospective business
- Business Located or to be located in Gun Barrel City
- Prepare. You need to confirm you meet the criteria, and have a solid business plan.
- Apply. Complete and submit the application form and supporting business plan.
- Award. The EDC Board will evaluate your application and determine your eligibility.
Terry Bell, an ex-marine and local entrepreneur, approached the EDC with a detailed business plan to open a Golden Chick franchise. The EDC was impressed with Bell’s thorough research and building design. From there, Bell worked with Lee Peterson (Director of the EDC), Mike Ellsberry (Director of TVCC Small Business Development Center), Judy Loden (Founder of Greater Texas Capital), and Jamee Nitschke (Business Advisor at TVCC SBDC) to develop a strong business and funding plan. By use of the Boots-to-Business Grant, the EDC has matched $50,000 in funding for Bell’s business.