Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
River City EDC raises small-business boost grant threshold to $150,000 and changes eligibility wording
Summary
The River City Economic Development Corporation voted to raise the small-business boost grant revenue threshold to $150,000 and to change application language from "gross annual revenue" to "gross profit," remove physical-location as a fixed requirement and allow staff follow-up on incomplete applications.
River City’s economic development board voted Wednesday to raise the maximum revenue threshold for its Small Business Boost Grant from $100,000 to $150,000 and to change the program’s eligibility language from "gross annual revenue" to "gross profit." The board also agreed to stop requiring a physical storefront as a strict condition and directed staff to follow up with applicants who pick up applications but do not submit them.
Board attention focused on several denied applicants who exceeded the original $100,000 threshold. "We're recommending that we increase the gross annual revenue threshold from a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
