2024 Texas Rural Woman Grant

The 2024 Texas Rural Woman Grant, offered by Texas Woman's University, aims to foster economic development in rural Texas by empowering woman-owned small businesses to undertake innovative projects. This grant aligns with the university's mission to support women entrepreneurs and stimulate economic growth in underserved areas of the state. The program seeks to address the unique challenges faced by rural businesses, contributing to the overall economic well-being of Texas communities. The primary beneficiaries of this grant are existing rural, woman-owned small businesses in Texas. These businesses must be at least 51% directly owned and controlled by one or more U.S. citizen women who also reside in Texas. The grant focuses on for-profit corporations, partnerships, LLPs, LLCs, or sole proprietorships located and operated within eligible rural Texas counties. The impact goal is to encourage and enable these businesses to undertake new and innovative projects, thereby creating greater economic development activity in rural Texas. The grant prioritizes projects that involve the purchase of machinery, equipment, or technology; farm implements or machinery; the addition or acquisition of new inventory or raw materials; the purchase and installation of fixtures or display units; property improvements that will result in increased sales and revenue; and marketing or advertising campaigns. Any other business-related activity deemed aligned with the program's purpose by the Center for Women Entrepreneurs (CWE) is also eligible. This focus ensures that funding directly supports tangible growth and operational enhancements for the recipient businesses. The expected outcomes and measurable results include the successful implementation of new projects by ten woman-owned businesses, each receiving a $5,000 grant. Recipients are required to complete a small business training course, engage in three hours of small business advising/mentoring, and submit an approved business plan with three years of financials. These requirements are designed to not only provide immediate financial support but also equip business owners with the knowledge and resources for sustainable long-term success and growth, leading to increased sales and revenue for their businesses.