The Economic Development Administration is awarding $587 million in grants to eligible entities to address economic challenges in disaster-impacted areas. The Austin Region office received an allocation of $129,119,000 in funding for economic development organizations, universities, non-profits, and local governments for economic infrastructure programs and projects related to Hurricane Harvey recovery and resilience.

The Economic Development Administration has provided preliminary approval for four competitive grants in our region. This includes the following:

• $760,237 to the University of Houston and Texas Tech University to study innovative financing for small businesses impacted by hurricanes

• $320,000 to Harris County Flood Control District to complete a feasibility study for an underground drainage network.

• $2,560,000 to the St. George’s Place Redevelopment Authority for a storm water detention facility

• $1,100,000 to TruFund Financial Services to provide technical assistance to small businesses

The projects are consistent with the goals and strategies identified in the 2014-2018 Comprehensive Economic Development Strategy, and the Regional Plan for Economic Resilience.  

Economic Development Administration and Local Match  

N/A

Request the Economic Development Administration investments identified to be consistent with plans, policies, and review criteria. (Staff Contact: Josh Owens)