BCIC is seeking to partner with private organizations or corporations that seek creative approaches to advance economic prosperity in Brownsville, Texas. The Economic Impact Grant provides opportunity for financial support towards projects that create an attractive environment for Brownsville, Texas to be a destination city to live, work, play and invest that will enhance the economic well-being of the community. All projects must foster economic development within the Brownsville city limits. Upon board approval, a 60-day public comment period is triggered which will ultimately result in the approval by the City Commission.
The Economic Impact Grant is a two-step application process. The applicant is required to schedule a mandatory preliminary meeting to review the proposal or idea. The proposal will be reviewed and evaluated based on Type B eligibility (accordance to sales tax statues) and the economic impact it will have on the community. Based on the evaluation, a response of declination or an invitation to submit a formal application will be given with a deadline. Upon receiving the full application and further consideration of funding, the application request will be presented at aBCIC board meeting during a public hearing to consider funding the proposal.