business veteran grant

7/28/2019 Business Veteran Grant

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Dear Veteran,

Gun Barrel City, Texas, is a growing city approximately 50 miles south and east ofDallas. Were located on the shores of Cedar Creek Lake, and our city offers not only a

vibrant, friendly business climate, but also an exceptional quality of life.

Our elected officials and citizens thank you for your service to our country, and we inviteyou to explore the possibility of moving to our area and opening a business in our city.

The attached information describes the Boots to Business Grant established by the GunBarrel City Economic Development Corporation. The GBCEDC encourages veterans toconsider our growing community as a wonderful place to live, work and play. The citys

website, located atwww.gunbarrelcity.net, provides information about our community,and the EDC tab on the website will take you to the Economic Development sectionwhere you can learn more about the demographics of our area, see videos of localbusiness owners, and review available property and incentive programs for businesses.

The GBCEDC is prepared to offer up to $50,000 in grant money to veterans who presentviable business plans that fit with the needs of our community and citizens. Specificcriteria for consideration is included in the attached materials.

Thank you in advance for your interest in our community. We hope youll come visit ussoon, enjoy our lake and small town hospitality, and learn more about how Gun BarrelCity can help you in your entrepreneurial pursuits and transition back into civilian life.

Thank you again for your service to our country We look forward to hearing from you
http://www.gunbarrelcity.net/http://www.gunbarrelcity.net/http://www.gunbarrelcity.net/http://www.gunbarrelcity.net/


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Contact Person's Title:

Type of Business: Corporation____ Limited Liability Co.____ Partnership_____

Sole Proprietorship____

PROJECT INFORMATION

Project Type

Healthcare:

Hospitality:

Entertainment/Tourism:

Retail

Manufacturing

Research

Regional Service

Technology

Green Energy


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Location

Current Business Location (Address and Legal Description):

Reason for Leaving Current Location:

Proposed Business Location in the Gun Barrel City/Henderson County area (Addressand Legal Description):

Estimated Total Value of Improvements (if Applicable):

Anticipated Date Construction Will Begin (if Applicable):

Anticipated Date Construction Will Be Completed (If Applicable):

Primary Activity (Good/Service to be Produced):


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Estimated Value of Personal Property Associated with the Project:

Public Service Requirements

Volume of Treated Water Required (Gallons Per Day):

Volume of Effluent to be Treated (Gallons Per Day):

School District Impacts

Number of Families to Relocate to Gun Barrel City:

Estimated Number of Children of School Age (K-12)in Transferred Families:

Other Incentive Agreement Applications

Has the applicant made application for to any other taxing jurisdiction or county for the

purposes of this project? Yes NoIf yes, please provide the following information on each pending application:

Name of Jurisdiction:

Date of Application:

Date of Public Hearings (if required):

Action Taken by Jurisdiction (i f any):


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Attachments

All applications must contain the following attachments. The EDC Board may not reviewan application until the requested information has been provided.

A. A written description of the business and the general nature and extent of theoperations to take place, and (if applicable) any new construction associated withthe project.

B. A document detailing the impact of the requested assistance upon the applicant

business.

C. A document illustrating the financial benefit to the city/area generated by theaddition of the applicant business.

D. A description of any construction associated with the project (if applicable),includingsite plans and elevations if available.

E. A map of the facility location and property description (including currentownership).

F. A time schedule detailing the anticipated relocation to Gun Barrel City (includingany construction and initiation of operations).

G. Provide commitment letter from a financial institution for any anticipated loansand/or any SBA guarantee.

H. Provide resume, personal financial statement, and most recent year tax return.

I. Provide a business plan with five-year projections.


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Assurances

I do hereby certify and attest that:

(1) The information provided above is, to the best of my knowledge, completeand accurate.

(2) I have received and read a copy of the "Gun Barrel City EconomicDevelopment Corporation Guidelines and Criteria for the EconomicDevelopment Boots to Business Grant"and I understand the conditions and

terms under which an incentive agreement may be executed.

(3) Employees and/or designated representatives of the EDC shall have accessto the facility during the period of the incentive agreement to determine if thecompany is in compliance with the terms and conditions of the agreement.

(4) I understand that failure to comply with the terms and conditions of theincentive agreement may result in the recapture by the EDC of any

incentives extended by virtue of the agreement.

(5) I understand that participation in an incentive agreement does not removeany obligation to satisfy all codes and ordinances issued by the EDC orany other affecting taxing jurisdiction that may be in effect and applicableat the time this project is implemented.

Signature of Authorized Officer

Name of Officer (Type or Print)


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EXHIBIT A

Gun Barrel City Boots to Business Grant Application Process

Initial Application

Business submits application packet to the EDC.

Application Review

EDC Staff or designee reviews application, responds to applicant by one of the following

ways:

ApplicationDeterminedIneligible

Stage 1ReviewCommitteeMeetingScheduled

Stage 1ReviewCommitteeMeeting

CommitteeRecommendation

EDC BoardReview

BaordApproval/Disapproval

Staff orDesigneeinformsApplicant thatthe application,as written, isineligible toparticipate inthe

DevelopmentAssistanceProgram.Response willinclude a

EDC Staff orDesigneeresponds toApplicant andschedules ameeting timefor the Stage 1ReviewCommittee

Meeting

EDC ReviewBoard meetswith Applicantfor initialdiscussions,projectevaluation, andneed

identification.

EDC ReviewCommitteeconducts allnecessary duediligence,conducts acomprehensiveevaluation of theproject and

determinesappropriateincentive packageto present to theEDC Board

EDC Board ofDirectorsreceivesapplicationmaterials,committeerecommendation,and anyassociated

documents andmaterials forreview.

Allowing for sufficientreview time by theEDC Board ofDirectors, the FinalIncentive Proposalshall be presented forapproval at a pre-determined EDC Boardmeeting, where upon

public comment will beheard (if required).The Applicant will beavailable toquestioning by the


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GUN BARREL CITY ECONOMIC DEVELOPMENT CORPORATIONGUIDELINES AND CRITERIA FOR THE BOOTS TO BUSINESS GRANT

Sec. 1 Purpose

The Gun Barrel City Economic Development Corporation (EDC) is committed to supporting ourmen and women who have loyally served in the military of the United States. The EDC isparticularly interested in supporting businesses that are, or will be established, by a veteran and/orwill provide employment to veterans. There are many programs available to military personnel, butvery few that actually provide assistance for the ex-military person to get assistance in establishing

or expanding their own business. It is the EDCs intention to partner with local organizations andbusinesses to attract new development investment as well as the retention and expansion ofexisting businesses for ex-military in Gun Barrel City. The use of financial incentives is one ofmany tools available to the EDC in order to fulfill this commitment. Pursuant to the aims andobjectives stated above, the EDCBoard of Directors (EDC Board) shall establish and create a"Boots to Business Grant" to assist in establishing new businesses or to expand existing businessin the City for ex-military personnel. The EDC is offering financial assistance under legalauthorization as stated in Section 4B of the Development Corporation Act. Financial incentives

will be evaluated on a case-by-case basis such that any incentives extended will be based uponthe merits of each individual project.

This grant will accept applications from all five branches of the military; Army, Air Force,Marines, Navy, and the Coast Guard. The Applicant must be Honorably Discharged or theequivalent.

Each application shall be judged upon the merits of the individual project. The EDCis under no

obligation to provide incentives to any Applicant. Participation in the program (the Program)established herein does not remove any obligation to satisfy any and all applicable codes andordinances issued by the City or any affected taxing jurisdiction that may be in effect at the timethe agreement is executed.


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Applicants will be required to provide quarterly progress and performance reports for oneyear.

Up to 10% of the grant funds may be used for education of staff and the business owner.

Based on the number of FTE employees (full time equivalent) to be hired, the Applicant willreceive 5 points for each employee hired.

The business will screen employees prior to hiring and not knowingly employ illegal aliens atany time.

Priority will be given to projects in high growth industries, emerging markets and based onbusiness types prioritized by the Economic Development Corporation Board of Directors.

Prioritized Business Types:

1. Industrial Construction and Materials, Goods and Services, Electronics andElectronic Equipment.

2. Retail Food and Drug Retailers, and General Consumer Goods Retailers.

3. Tourism Entertainment, Recreational Services, Hotels, and Restaurants.

The facility must be ADA compliant.

Sec. 3 Incentives & Assistance

The Gun Barrel City EDC seeks to provide flexibility in its economic development activities.Economic Development Incentives are based on the unique needs and individual nature of eachdevelopment or expansion project. The primary forms of incentives typically considered by theCity (though others may be considered) include:


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Sec. 4 Application and Application Process

All Applicants must fill out the "Gun Barrel City Boots to Business Grant Application," and submit theform to the EDC Staff or other Designee identified by the EDC Board . Included with theapplication, the Applicant must submit the following:

A. A written description of the business and the general nature and extent of the operations totake place in Gun Barrel City, and (if applicable) any new construction associated with theproject.

B. A document detailing the impact of the requested assistance upon the Applicants business.

C. A document illustrating the financial benefit to the City generated by the addition of theApplicants business.

D. A description of any construction associated with the project, if applicable, including site plansand elevations, if available.

E. A map of the facility location and property description, including current ownership.

F. A time schedule detailing the anticipated relocation to Gun Barrel City, including anyconstruction and initiation of operations.

G. A commitment letter from a financial institution for any anticipated loans and any SBAguarantees.

H. A resume, personal financial statement, and the most recent year tax return.

I. A business plan with a five-year projection.

J. A marketing plan.


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BOOTS TO BUSINESS GRANT APPLICATION

Filing InstructionsThis application must be filed prior to (relocating a business to Gun Barrel City and/orprior to any construction associated with the project for which assistance is beingsought. There are no due dates for the grant application. All applications will bereviewed on a first come basis. Funding decisions will be made within 60 days of acompleted and acceptable application. This filing acknowledges that the applicant has

read and understands the "Gun Barrel City Economic Development CorporationGuidelines and Criteria for the Boots to Business Grant". Furthermore, the applicantagrees to comply with all requirements stated in the Guidelines and understands theapplication process as illustrated within the Guidelines. All requested information mustbe included with the grant application in order to be considered.

Trinity Valley Community College (TVCC) has offered assistance in preparing abusiness plan. TVCC is also approved by the Department of Veterans Affairs and the

Texas Higher Education Coordinating Board so that eligible veterans can receive VAeducational benefits . Please check the TVCC educational website atwww.tvcc.edu/finserv new/va.aspxand the VA website atwww.gibill.va.govfor furtherdetails.

This application will become a part of any agreement or contract executed between theapplicant and the Gun Barrel City Economic Development Corporation, and knowinglyfalse representations therein will be grounds for voiding such agreement or contract. A

background and credit check will be performed on all applicants.

An original and two copies of this application and attachments should be submitted to:

G C C
http://www.tvcc.edu/finserv%20new/va.aspxhttp://www.tvcc.edu/finserv%20new/va.aspxhttp://www.gibill.va.gov/http://www.gibill.va.gov/http://www.gibill.va.gov/http://www.gibill.va.gov/http://www.tvcc.edu/finserv%20new/va.aspx


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