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Trophy Club EDC discusses changes to Thrive Business Grant Program, sets April application window
Summary
The Trophy Club Economic Development Corporation reviewed proposed changes to the Thrive Business Grant Program, including timeline, local‑vendor requirements, price‑variation limits, equipment and shipping rules, and publicity incentives; the EDC agreed on an April 15 opening and an eight‑week application period.
The Trophy Club Economic Development Corporation on a recently held meeting reviewed proposed changes to the Thrive Business Grant Program and agreed to open the next application cycle on April 15 for eight weeks.
The proposed adjustments — intended to streamline review and tighten procurement rules after the program’s first cycle — include clearer local‑vendor definitions, limits on price‑variation for awarded projects, a requirement that equipment purchased with grant funds remain in Trophy Club for the life of the equipment or business, and an exclusion of international shipping and customs from reimbursable grant costs.
EDC staff provided an overview of the grant process: applications will be collected during the open window, reviewed by town staff for liens and completeness, considered in closed session by the EDC, then recommended applicants will be forwarded to Town Council for approval and finally issued a performance agreement prior to starting work. “They do get six months from when it was approved by town council to sign that performance agreement, but it shortens the time of the…
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