Thrive Business Grant
The Thrive Business Grant (TBG) is a program by the Trophy Club Economic Development Corporation aimed at supporting local businesses through reimbursable matching grants. The initiative focuses on enhancing the visual appeal and competitiveness of businesses in Trophy Club, driving economic growth and community prosperity. In 2023, the EDC allocated $300,000 to launch this program, supporting projects like façade improvements, interior renovations, and equipment purchases to maintain the town's charm and stimulate customer growth. Eligible applicants include property owners and tenants in Trophy Club who meet specific criteria such as being current on taxes, having no municipal liens, and adhering to local and state regulations. The application process involves Town Council approval, with a timeline starting on May 28, 2024, and deadlines on September 30, 2024, for applications, followed by reviews and tentative approval dates in December 2024. Projects must start within six months of grant receipt and funds are provided as reimbursements post-completion.
Award Range
Not specified - Not specified
Total Program Funding
$300,000
Number of Awards
Not specified
Matching Requirement
Yes -
Additional Details
Grant funds are reimbursed post-completion of approved projects, verified by Town staff. No sales tax will be reimbursed, and alterations within one year may require reimbursement of the grant.
Eligible Applicants
Additional Requirements
- Exclusive -see details: must be property owners or tenants within the Town of Trophy Club. - Tenants must obtain written approval from property owners to participate. Applicants must be current with all municipal tax obligations, have no Town liens recorded against any property owned by them, and adhere to state and local laws and regulations. Excluded from consideration are government offices, residential properties, home-based enterprises, religious organizations, churches, and establishments dealing in sexually-oriented or smoking paraphernalia products. Applicants must demonstrate financial stability and a clear project completion plan.
Geographic Eligibility
Trophy Club - (Map of eligible area is on website)
Application Opens
July 8, 2024
Application Closes
September 30, 2024
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