Sachse EDC Local Business Grant Guidelines
Basic Philosophy of Program
The Sachse Economic Development Corporation will provide Local Business Grants to qualified Sachse businesses. Qualifying applicants may receive Grants to fund projects that enhance property and provide visual improvements to the exterior of their facilities. These projects may include landscaping, painting, parking improvements, painting, signage, building of facades and screening.
The Sachse Economic Development Corporation will meet regularly to consider grant applications. The Sachse EDC will budget a limited amount of funding for the program. All applications are considered on a first come, first served basis. The Sachse EDC Board of Directors will evaluate the program annually and the SEDC Board of Directors may terminate the program at anytime.
The Sachse Economic Development Corporation Board of Directors will discuss and act upon each application on a case-by-case basis. Grant amounts are considered on a case-by-case basis. The Board of Directors reserves the right to fund or not fund any project. Every project will require a written contract outlining the considerations of the Grantor and Grantee.
Grant Range and Geographic Area
General Beautification Grant
Generally, the Sachse Economic Development Corporation will match each project dollar for dollar up to a maximum of Ten Thousand Dollars ($10,000.00).
Examples:
If the total cost for completion of a qualified project is $7,200, the Sachse Economic Development Corporation will pay $3,600 or half of the cost of the project.
If the total cost for completion of a project is $24,000 the Sachse Economic Development Corporation contribution will be limited to $10,000, the maximum amount the SEDC may expend on a project under the program.
Signage Grant
Generally, the Sachse Economic Development Corporation will pay up to $6,000 for the replacement of an existing Pole Sign with an approved Monument Sign. There is no fund matching requirement under this portion of the program.
Examples:
If the total cost for completion of a qualified project is $4,200, the Sachse Economic Development Corporation will pay the entire $4,200 cost of the project.
However, if the total cost for completion of a qualified project is $9,000, the Sachse Economic Development Corporation contribution will be limited to $6,000, the maximum amount the SEDC may expend on a sign project under the program.
Grant Limitations
Grants will be limited to one project per location once every 5 years.
Applicants may apply for both a General Beautification Grant and Signage Grant for the same project but SEDC expenditures will not exceed Twelve Thousand Dollars ($12,000).
Locations with one owner but multiple tenants will be considered as one location under this program.
This program does not prohibit the Sachse EDC Board of Directors from undertaking other projects or expending funds for other projects to attract, retain or expand business in Sachse.
Areas of Interest
The Sachse Economic Development Corporation seeks to improve the aesthetic appearance of our business community. Examples of projects that the SEDC will consider funding include but are not limited to:
- Landscaping and Tree Planting
- Paint, brick and similar building improvements
- Removal of unsightly trash and debris
- Screening of certain land uses
- Improved parking and signage
Application Procedure
Each applicant is required to complete an application form provided by the Sachse Economic Development Corporation which will include the following information:
- A general description of the project
- The estimated cost of the project
- The amount of funding requested and description of the intended use of the funds
- Timeline for project completion
Applicants are encouraged to supply supporting information such as photographs of the property, contractor estimates and landscape or construction plans.
Fund disbursement:
Prior to receiving any funds for an approved project, the applicant must sign an incentive contract with the Sachse Economic Development Corporation, which contains the terms and conditions for the use of the funds. The Sachse Economic Development Corporation will inspect the project following completion. Successful applicants will be required to provide copies of all invoices, receipts and other evidence of the projects costs incurred by the applicant prior to the disbursement of funds.
Applications may be submitted by mail, email, fax, or delivered in person:
Mailing Address
Sachse EDC
5560 Highway 78
Sachse, Texas 75048
Office
5001 Ben Davis
Sachse, Texas 75141
SachseEDC@Verizon.net
972-675-0562 phone
972-530-4987 fax