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Trophy Club EDC approves amendments to Thrive Business Grant Program
Summary
The Trophy Club Economic Development Corporation approved changes to the Thrive Business Grant Program altering grant requirements, monitoring and accountability, and adding a timeline for grant rounds and performance agreements.
The Trophy Club Economic Development Corporation approved a resolution to amend the Thrive Business Grant Program, changing grant requirements, adding monitoring and accountability provisions and setting a timeline for the grant cycle.
The amendments, presented to the board by town staff, add specific procurement and locality requirements for equipment and exterior work, require performance agreements with a 60-day signature deadline, and set a schedule that places EDC review and council approval later in the summer.
The changes matter because they formalize procurement and oversight rules for a town-funded business-support program and create a public timeline for application review, agreement execution and project start dates.
Under the revised grant requirements, equipment purchased with grant…
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