New federal funding available for small businesses affected by Hurricane Harvey

Harvey
Harvey-damaged small businesses can now apply for federal aid. (Vanessa Holt/Community Impact Newspaper)

Harvey-damaged small businesses can now apply for federal aid. (Vanessa Holt/Community Impact Newspaper)

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Forty-nine counties in Southeast Texas are eligible to receive federal disaster aid through the U.S. Department of Housing and Urban Development. (Courtesy U.S. Department of Housing and Urban Development)
Small businesses affected by Hurricane Harvey can apply for a new round of federal aid, state officials announced Dec. 2.

Through the Texas Back in Business program, the Texas General Land Office is responsible for distributing $100 million worth of federal grants to qualifying small businesses.

Business owners can now apply for $50,000 to $250,000 in disaster relief for repairs, operating capital, inventory, machinery, equipment, supplies and expenses directly related to the business, according to the GLO.

Eligible businesses must have been in operation Aug. 25, 2017; defined as a small business by the Small Business Administration; experienced damage from Hurricane Harvey; and be located in one of the 49 Hurricane Harvey-impacted counties as determined by the U.S. Department of Housing and Urban Development, a news release from the GLO states.

“We are excited to launch this new program helping to stabilize small businesses, protect jobs for local workers, and grow the economies of those areas hardest hit by Hurricane Harvey," said Texas Back in Business CEO Dan Slane in a news release.


Potential applicants can learn more by visiting www.texasbackinbusiness.com or calling 844-773-5663.


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