City of Texas City
Texas Capital Fund
The Texas Capital Fund is an economic development tool designed to provide financial resources to communities under 50,000 in population. Funds from this program can be utilized for public infrastructure needed to assist a business which commits to create and/or retain permanent jobs, primarily for low and moderate income persons. This program encourages new business development and expansions. The minimum award is $50,000 and the maximum is $500,000. The award may not exceed fifty percent (50%) of the total project costs. A minimum equity injection of ten percent (10%)of the total project cost by the business is required. There are 3 funding award rounds per program year.
