Cibolo EDC debates scope, caps and safeguards for new small-business retention grant

Cibolo Economic Development Corporation directors reviewed a draft Small Business Development Retention Grant on a proposal from staff to help local brick-and-mortar businesses with improvements, unexpected equipment failures and permitting costs.

The board heard that the draft mirrors the city’s existing “big grant” program in form and process but adds two new grant types and special-circumstance language. Clancy, an EDC staff member who briefed the board, said the document is "just a draft" and is intended for review, retooling and return to the full board once a full board is seated.

Board members focused first on eligibility and whether to allow applicants to “double dip” — that is, receive both the new citywide BRE grant and the existing Old Town/ FM 78 Corridor grant. One board member said they personally opposed double dipping; staff recommended clearly defining Old Town and the FM 78 corridor in the grant materials (address ranges and an exhibit map) so applicants know which program applies. Clancy said the map will be included as an exhibit and staff…