Driving Economic Expansion
Our Mission
The Community and Economic Development Department within WCTCOG is available for general assessment of grants. Let us help you with technical assistance and administrative support.
Community Plans
Examples of the types of grants available including but not limited to the list below:
Comprehensive Economic Development Strategy
A Comprehensive Economic Development Strategy (CEDS) is a tool through which the region examines its capacities and resources and encourages regional collaboration between the public and private sectors to build a plan for economic development.
The CEDS provides a large-scale detailed look at the ongoing plans on future economic development in the Big Country, as well as providing key data points relating to population size and growth projections, job and wage information, and more.
Census Maps For Included Districts
Texas Community Development Block Grant (TxCDBG) Program
PROGRAM OBJECTIVES
- Develop viable communities
- Provide public infrastructure
- Create suitable living environments
- Expand economic opportunities, primarily for low and moderate-income individuals
ELIGIBILITY
FOCUS
- Water system improvements
- Sewer system improvements
- Street Improvements
- Structure improvements
FUNDING PROCESS
- Annual formula-based allocations to 24 state planning regions
- Competitive application process
- RRC consists of 12 governor-appointed local elected officials
- Grants awarded to highest-ranking applicants until funds are exhausted
KEY ASPECTS OF THE TxCDBG PROGRAM INCLUDE
Click each heading below to learn more about the key aspects of the TxCDBG program:
- Acquisition of real property
- Relocation and demolition
- Rehabilitation of residential and non-residential structures
- Construction of public facilities and improvements
- Public services (within certain limits)
- Activities relating to energy conservation and renewable energy resources
- Provision of assistance to profit-motivated businesses for economic development activities
- Benefit low and moderate-income persons
- Prevention or elimination of slums or blight
- Address community development needs having a particular urgency
ADDITIONAL PROGRAMS
PLANNING/CAPACITY BUILDING FUND
- Provides grants for local planning activities
- Aims to improve local capacity for identifying and addressing short and long-term needs
COMMUNITY & ECONOMIC DEVELOPMENT ASSISTANCE FUND (CEDAF)
- Offers information and assistance to connect caregivers with support services
- Helps caregivers access support group
About Section 3
Under the Section 3 program recipients of certain HUD financial assistance, to the greatest extent possible, must provide training, employment, contracting and other economic opportunities to low- and very low-income persons. This is especially true for recipients of government assistance for housing, and to businesses that provide economic opportunities to low- and very low-income persons.
Individuals may qualify as a worker, targeted worker or Section 3 business concern by meeting one or more of the following criteria:
- Recipient of government assistance for housing
- Income falls below HUD’s income limits
Businesses may qualify as Section 3 business by meeting one or more of the following criteria:
- Ownership/control by low-or very low-income persons(s)
- Owned and controlled by public housing residents
- Business that has at least 75% of labor hours using Section 3 workers
Revolving Loan Program
The West Central Texas COG locally operates USDA small business loan funds for approved small and emerging rural businesses in the region. The intent is not to compete with local banks but to be a resource for lenders who may not be able to approve funding to higher risk clients. West Central Texas COG undertakes this program to promote economic development and job creation projects. The loans can provide funding for equipment, working capital, real estate, or inventory. All loans are approved through a loan review committee. Borrower is responsible for paying all closing costs, attorney and filing fees.
- Flexible Terms
- Fixed Rate
- Minimum 580 credit score
- Collateral Based 1:1 Ration of Collateral to Loan
For more information and to receive an application contact our office 325-672-0495