If you’re starting a business or are looking for available options to expand or relocate, there are several incentives to help you. While direct bank loans can seem like the only option, cities and small business organizations offer a wide range of other incentives and programs to make things easier.
PeopleFund
Founded in 1994 as the Austin Community Development Corporation, PeopleFund’s financial and educational assistance efforts have helped thousands of peoples’ dreams of owning a business come true. Some of their resources include small business and non-profit lending, online learning opportunities, business planning, finance, marketing, legal aspects and so much more. They even have tailored programs such as PeopleVet to PeopleSpring to help your business get the boost it needs.
LiftFund
For more than 20 years, LiftFund has been providing credit and services to small businesses and entrepreneurs lacking access to loans from commercial sources. LiftFund assists your business with various financial templates and business plans and presents several seminars during the year.
UTRGV’s Small Business Development Center
UTRGV’s Small Business Development Center provides business training with management and technical assistance seminars to strengthen business performance and sustainability. Ranging from pre-business planning to marketing, bookkeeping, accounting and management, these seminars are designed for new and existing small business owners and managers to acquire information that they may need to make their company’s ventures successful.
These seminars are conducted by professional advisors who evaluate existing business operations and startup business plans. Small businesses can work closely with advisors to develop tailored business plans to gain insight for commercial success.
Partnering with the Alamo EDC
The Alamo EDC understands that having an assortment of programs and incentives are necessary for commercial success. That’s why we partner with PeopleFund and UTRGV’s SBDC for several seminars throughout the year. In addition to available programs and seminars, the EDC also has incentives for your business expansion or relocation efforts.
Accessible Programs
The Alamo EDC encourages and supports comprehensive approaches that emphasize the city’s local initiatives, private sector opportunities and self-sufficiency. Some of the accessible programs we offer include:
- Grants to new and existing businesses based on available resources only for offsite improvements where the resulting asset falls within public domain, such as, but not limited to: water distribution, sewage collection, drainage, public thoroughfares, medians, street lighting, solid waste collection, signage, etc.
- The USDA-Rural Development: Intermediary Relending Program (IRP) is another resource for rural communities. EDCs can borrow money from the USDA at 1% for a maximum term of 30 years and acts as intermediary-relending money to ultimate recipients.
- The USDA-Rural Development: Rural Business Enterprise Grant (RBEG) helps EDCs with rural projects that finance and facilitate the development of small and emerging rural businesses and helps fund distance learning networks and employment related adult education programs.
- The Tax Increment Reinvestment Zone provides tax increment financing for projects within identified areas.
Located to Alamo
Alamo serves as an international gateway to cities like Nuevo Progreso and Tamaulipas, and international trading and commerce. With a 119,480 daily average traffic count on Interstate 2/U.S. 83, a retail demand of over $500 million and $400 acres of availability, Alamo also has a young, bilingual and skilled workforce that will assist businesses for years!
Attracting thousands of tourists each year, Alamo is also the top birding destination in the United States. Minutes away from McAllen, Edinburg and Mission, we have the best city life with a hometown feel.
Alamo is part of the fastest growing Metropolitan Statistical Area in Texas, making it the ideal location for your business. For more information about the city and what incentives are best for your business, contact us today!