Economic Development Administration (EDA) grant
Grants available through the U.S. Department of Commerce EDA. Our staff can assist you in applying for these grants on behalf of your business.
Available in Amarillo EDC owned and operated business parks for projects that require new construction and provide a significant level of capital investment. Rail-served sites are also available.
Job Creation Incentive Grant
Grants provided to incentivize primary full-time employee job creation on a sliding scale, based on the economic impact on the community.
Funding for workforce training for skills development from the Texas Workforce Commission or the Amarillo EDC is available for qualifying projects.
The Amarillo EDC will support a client's application for tax abatement from participating taxing entities up to the maximum amount allowed by law for new manufacturing facilities.
Small Business Administration (SBA) 504 Loan Program
Enables expanding businesses or business start-ups to secure long-term, fixed-rate financing for major fixed assets, such as land and buildings through loans made by the Texas Panhandle Regional Development Corporation (TPRDC) The program is designed to enable small businesses to create and retain jobs; therefore, SBA requires TPRDC to document the small business job creation/retention and meet the standard of one job created or retained for every $50,000 of loan proceeds. This requirement is waived for loans meeting public policy goals. The maximum TPRDC loan amount is generally $1.5 million (up to $2 million for public policy projects and up to $4 million for small manufacturers).
City of Amarillo Community Development Micro-Loan Program
Designed to provide small businesses with increased access to capital in the City of Amarillo. This program creates job opportunities and provides a means for businesses to grow. The City of Amarillo Community Development Micro-Loan Program will exclusively target low to moderate-income individuals in the City of Amarillo. Business loans from $2,000 to $35,000 can be used for business purposes.