The Texas Travel Industry Recovery (TTIR) Grant Program enters its last stage on Tuesday,Nov 1, by using a one-time repayment grant of approximately $20,000 for Texas organizations in the tourist, travel, and hospitality markets adversely affected by Covid -19.
This last stage, which concentrates on what the grant titles “Food Services and Drinking Places,” consists of just those organizations whose NAICS (North American Industry Classification System) code starts with the 3 digits 722.
This classification consists of such entities as dining establishments, food trucks, sports bars, pastry shops, doughnut stores, and ice cream stores that certify with the proper NAICS code.
The grant program was developed by Texas Senate Bill 8 and was signed into law byGov Abbott to administer $180 million gotten from the Coronavirus State Fiscal Recovery Fund under the American Rescue Plan Act of 2021.
The application duration extends fromNov 1 through Tuesday,Nov 22.
Previous application durations concentrated on such affected markets as:
- Microbreweries, Wineries, and Distilleries
- Travel Services, Convention & & Visitors Bureaus, Trade Show Organizers
- Arts, Entertainment, and Recreation
- Hotels &,Motels,Bed & Breakfasts
I have actually been honored to shepherd business through this and other grant programs through the years, assisting customers get well over $650,000 in grants at the regional, state, and federal levels.
One little bakeshop owner informed me that this $20,000 might assist in saving his service: “I endured the pandemic, and now I’m experiencing a downturn that I never ever expected.”
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One of my receivers from a previous grant program informed me, “I never ever even believed that I ‘d be qualified for that grant, and I never ever would have determined how to get it!”
The requirements for this last stage of the program are that the candidate should:
- have a NAICS code that starts with 722
- have actually functioned prior to January 20, 2020, and still be running
- run within the state of Texas (the candidate might have other operations beyond Texas, however just the Texas organizations will get approved for the grant)
- be either a privately-owned for-profit service or a not-for-profit company
- be open to the general public or offer services for in-person occasions
- have actually suffered unfavorable financial effect due to Covid -19
- be otherwise qualified to get grant financing and need to not be disallowed from contending for federal awards
A choice will be offered to candidates who did not formerly get any “federal help.” Additional choices for grants will be offered veteran-owned organizations, small companies, and organizations in particular rural neighborhoods.
One of the advantages of multiple-location operations is that a business might get a $20,000 grant for each place where it runs as long as each location has actually had a different Texas Taxpayer ID number given that January 20, 2020.
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If a candidate runs numerous places under a single Texas Taxpayer ID number, that candidate will be qualified for one $20,000 grant.
Applicants need to offer information of their service and information the unfavorable effect that the pandemic had on their service. They will offer files such as:
- INTERNAL REVENUE SERVICE 941 kinds for Q4 2019, Q4 2020, Q4 2021, and Q2 2022
- Proof of costs sustained to abide by social distancing and other pandemic preventative measures
- Rent payments made throughout whenevers that the general public did not have access to business due to the pandemic
- Front page of internal revenue service income tax return that reveals gross earnings for 2019, 2020, and 2021
- Amounts of Federal Covid -19 relief through such programs as these listed below (taking part in these programs does NOT make a candidate disqualified)
- Payroll Protection Plan (PPP)
- Restaurant Revitalization fund
- A narrative description of the unfavorable financial effect suffered due to the Covid -19 emergency situation
- Lost earnings due to closing briefly
- Lost earnings due to loss of catering
- Lost earnings due to reduced traffic
- Increased costs to establish and handle shipment or to-go operations
- A narrative description of how the spending plan expenditures address the determined requirement or effect in action to Covid, and how the grant funds will resolve this financial damage
John Fletcher is the owner of Fletcher Consulting Public Relations, where he has actually effectively assisted customers get over $650,000 in federal government grants. His contact info is 817-205-2334 and his e-mail address is firstname.lastname@example.org.
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