The Silsbee Economic Development Corp. (EDC) has authorized $100,000 to be used as a relief grant program to help Silsbee businesses struggling through the economic downturn caused by the COVID-19 pandemic, announced Executive Director Christy Brown.
According to the Silsbee EDC application, depending on the size and overall contribution to the local economy, each business will receive a grant totaling between $1,000-$10,000.
The business must be an existing business inside the city limits. Each business must use the funds awarded to recoup and expand their business enterprise after the negative economic impact from the COVID-19 pandemic. Business must complete
the application in its entirety, and include the following attachments:
• How the funds will be used. Attach all applicable documentation.
• A copy of company’s business plan.
• A copy of Corporate Charter issued by the Secretary of State of Texas and the Secretary of State of the state of incorporation if a state other than the State of Texas.
• Last two years Profit and Loss (P&L) statements and tax returns.
• Sales comparison prior to the economic impact and during the economic impact.
• A copy of the 2019 property appraisal from the Hardin County Appraisal District, and documentation of recent property taxes paid.
• If you lease your property, you must provide lease documentation and include rent payment history for the last 12 months.
• Information of entities that may need to be contacted by the Silsbee Economic Development Corporation for clarification
of any information in this application. State full name, business name, address, and phone number.
Brown noted she is hosting a Zoom meeting at 11 a.m. on Thursday, April 23 to review the application and answer questions. The meeting ID number is 7950810355.
The application period is until Friday, May 1 and can be downloaded from the website. Applications must be mailed or post marked by the deadline to Silsbee EDC, 1220 Highway 327 East, Silsbee, TX 77656.
Brown stated the Silsbee EDC board will hold an executive meeting to review and approve grants.
The largest businesses with highest number of employees and sales tax revenue can receive up to $10,000; sole proprietorship or "mom & pops" can receive $1,000-$2,500; and the remaining categories range from $2,500 to $7,500 depending on the size and need.
The business must sign a performance agreement in which they agree to use the money to retain jobs, create new jobs lost during the pandemic, or for any capital improvements that will sustain and grow the business. Agreement expires one year from the date signed at which point the business is required to show the Silsbee EDC sales/financial reports and employment reports for 2020.
Contact Brown at 409-291-0404 for more information.