Grants to Texas For-Profits and Nonprofits in Eligible Locations for Development Activities

Open for Business Grant

Agency

Foundation

GrantWatch ID#

204790

Funding Source

GREATER HOUSTON COMMUNITY FOUNDATION

Geographic Focus

USA: Texas: Houston Area

Important Dates

Deadline: 05/31/23 11:59 PM

Grant Description

Grants and technical support to Texas small businesses and nonprofit organizations in eligible locations for professional development efforts. Funding is intended to help diversely owned small businesses and nonprofits purchase or upgrade tangible assets that support economic development in underserved communities. Eligible applicants are located in the Greater Houston area.

The goal of the grant program is to enact transformational change by investing resources into organizations and initiatives that empower and uplift communities of color. A key aspect of being transformative is to embrace a rigorous process to select and fund organizations that can demonstrate direct, tangible, and meaningful impact related to the pillars of the Houston Equity Fund listed below:

Social and Racial Justice: Social Services, Criminal Justice, Healthcare, Civic Engagement, Immigrant Rights, Environmental Justice, Domestic Violence/Human Trafficking
Economic Development: Support future talent, startups business owners, and workforce development activities that aim to address income and wealth disparities
Youth Empowerment and Education: Provide education, literacy, innovation, mentorship, advancement, scholarship, and career opportunities
Community Building: Secure access to vital resources, revitalize community spaces and celebrate Black history and culture.

In addition to opportunities to apply for and receive grants, education and empowerment sessions will be provided so that communities can receive transformative information that can positively impact lives for generations.

Grant funds must be used to acquire or upgrade tangible assets:

Purchase of or improvements to land
Construction of new buildings or facilities
Renovations of existing buildings or facilities
New or upgraded machinery, equipment (including vehicles)
New or updated technology
Purchase of inventory
Improvements or modernization of streets, utilities, parking lots, and landscaping.

Recipient

Eligibility

Others (see text field entitled "Additional Eligibility Criteria" for clarification)

Additional Eligibility Criteria

The Grant Program will focus on serving mission-aligned diverse-owned small businesses with employees of 1 to 100 and have 2022 annual gross revenue of $3 million or less. The Grant Program will also support mission-aligned nonprofits that are historically underserved, including grassroots and community-led organizations with up to 100 employees. Businesses and nonprofits must have been established prior to December 31, 2021, and be located within the City of Houston.

Businesses and nonprofits may be from a variety of industries/service areas and the Grant Program is intended to support entities at various stages of growth or maturity.

Additional Geographic Information:

Eligibility map: https://ghcf.maps.arcgis.com/apps/instant/lookup/index.html?appid=6efe43c5469649ad840c65ea7f2da0ff

Ineligible

A small business or organization that received a grant in Round 1 may not apply for and be awarded a grant in round 2.

Pre-Application Information

Applications open on May 15, at 5 am CST, and are due by May 31, 2023, at 11:59 PM.

FAQ: https://houstonequityfund.org/hef-wells-fargo-round-r2-faq_vf/

Additional Funding Information

Estimated Total Program Funding:

$8,000,000

Estimated Size of Grant

For Round 2, the grant award sizes will range from $5,000 to $100,000.

Contact Information