The document highlights funding opportunities for communities through programs run by the South Plains Association of Governments (SPAG) and other state and federal agencies. SPAG programs include economic development initiatives, grant writing assistance for infrastructure projects, and a revolving loan fund. The Texas Capital Fund provides grants for infrastructure, real estate, and downtown revitalization projects. Additional resources for funding include the Economic Development Administration and United States Department of Agriculture. Contact information is provided for those seeking more details.

1. FUNDING
OPPORTUNITIES

2. Today’s Objectives
• Highlight Some Funding Options for
Communities
• Provide Some Examples of Community
Projects
• Provide Some Websites of Resources
for Infrastructure

3. South Plains Association of
Governments

4. SPAG PROGRAMS
• Economic Development
• Involvement in the High
Ground
• Grant Writing for
Infrastructure

5. ECONOMIC DEVELOPMENT
• High Ground of Texas
• Caprock SBA 504 Loan
Program
• Revolving Loan Fund

6. HIGH GROUND OF TEXAS

7. HIGH GROUND OF TEXAS
• Coalition of Cities to Market
West TX - 66 counties
• Diverse CO Participation –
Manufacturing, Agriculture, Food
Processing, Renewable Energy
• High Ground Benefits – Trade
Fairs & Training (Rural Economic
Development Initiative REDI)
• Website –www.highground.org

8. CAPROCK SBA 504
PROGRAM
• Low Interest Program
• Fixed Assets
• Job Creation
• Term 10-20 years
• Eligibility - an operating
business, organized for profit, business
located in the US, demonstrate the need
for financing

9. Typical Structure for 504
• Bank Loans – 50%
• SBA Loans – 40%
• Business Injection – 10%

10. Revolving Loan Program
• Maximum - $200,000
• Fixed Assets, Working Capital, &
Inventory
• Terms & Rate determined by a
SPAG-RLF Loan Committee
• Injection – 10% by the Business

11. ECONOMIC
DEVELOPMENT
PROGRAMS
CONTACT:
Krystal Watkins (806)762-8721
kwatkins@spag.org

12. Community Development
• Grant Programs
–TEXAS CAPITAL FUND
•Infrastructure
•Real Estate
•Downtown Revitalization

13. TEXAS CAPITAL FUND
Infrastructure
• HUD Funds
• Applicant – City or County
• Job Creation
• Funding for Infrastructure –
Streets,Water, Sewer, Real
Estate, Drainage, Rail, Gas
Lines
• Awards - $50,000 -
$750,000

14. TEXAS CAPITAL FUND
Downtown
• Main Street Program
• Downtown Revitalization
Program

15. TEXAS CAPITAL
Downtown Programs
• HUD funding
• $150,000 per community
• To improve downtown &
remove slum and blight
• Statewide competition-
objective scoring

16. TEXAS CAPITAL FUND
CONTACT:
Texas Dept. of Agriculture
www.agr.state.tx.us

17. Additional Resources
Economic Development
Administration (EDA)
www.EDA.gov
United States Department on
Agriculture (USDA)
www.USDA.gov

18. QUESTIONS?
CONTACT:
Elena Quintanilla
Director of Regional Serv.
South Plains Assoc. of Gov’t
(806) 762-8721
equintanilla@spag.org