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Bee Cave introduces $20,000 small‑business retention pilot with $5,000 caps
Summary
Council heard a first reading of a $20,000 reimbursement‑based small‑business retention grant program with three categories (workforce/training and equipment/software up to $5,000; advertising/campaigns up to $3,000 requiring a 'BK' tagline). The program will return for a second reading and BCDC approval is required for grants over $10,000.
Chelsea Jimenez, the city’s economic development and planning coordinator, presented a pilot small‑business retention program budgeted at $20,000 for the year. The program is reimbursement‑based, split into three categories: workforce and training (cap $5,000), equipment and software (cap $5,000), and advertising and campaigns (cap $3,000 with a required Bee Cave tagline on materials). Applicants must be located in Bee Cave, have been in operation at least one year, be a commercial property owner or tenant, demonstrate economic impact, and only one application is allowed per business per year.
Jimenez said applications will be reviewed and presented to the BCDC board for a funding decision; any award over $10,000 requires BCDC approval, then two council readings and a 60‑day posting period before implementation. Council members treated the program as a pilot and asked how the EDC board will evaluate economic impact through an impact report and performance agreement.
