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EDC approves small-business incentive program and second round of boost grants; board asks staff to set tiers and outreach
Summary
The Rio Grande City EDC approved creating (and expanding) a small-business incentive application process, authorized a second round of boost grants and directed staff to develop tiers, amounts and outreach with community partners including the Chamber of Commerce and workforce providers.
The Rio Grande City Economic Development Corporation voted May 30 to approve an incentive program aimed at attracting and supporting new or expanding businesses and to authorize a second round of boost grants.
EDC staff presented a draft incentive application and scoring matrix intended to standardize decisions about financial incentives. Staff asked board members to approve the concept and to allow staff to finalize tiers (for example, by investment size) and…
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