Entrepreneurship Grant Program revised

By Patrick J Kennedy
Oct. 8, 2017 at 9:03 p.m.
Updated Oct. 9, 2017 at 1 a.m.

Patrick Kennedy

Patrick Kennedy   Contributed Photo for The Victoria Advocate

For fiscal year 2017-18, which spans from Oct. 1 to Sept. 30, 2018, an updated Entrepreneurship Grant Program will be implemented by the Cuero Development Corporation.

The program is designed to assist new businesses or startups.

The CDC Eligibility Questionnaire for the Entrepreneurship Grant Program may be seen online at cuerodc.com by clicking "view all programs" on the homepage, or come by the CDC office at 214 E. Main St.

The CDC works in conjunction with the University of Houston-Victoria Small Business Development Center in the processing of CDC grant applications. Documentation of a completed Business Plan from the UHV-SBDC is a requirement for submission for several CDC grant programs.

This year, UHV-SBDC will provide guidance to individuals applying for the Entrepreneurship Grant by helping the individuals complete the CDC Entrepreneurship Grant package.

As reported by the U.S. Small Business Administration, a business is successful based on two fundamental principles: sufficient capital and proper planning. Realizing this, the CDC requires the completion of a business finance course provided by the UHV-SBDC or some documentation of proficiency.

"Opening a business is always a risk," said Joe T. Humphreys, director of the UHV-SBDC. "But by going through this process, many of the unknowns are identified. Risk is not eliminated, but they are better known."

The CDC Entrepreneurship Grant Program is a three-step process. First, the CDC eligibility questionnaire is completed and submitted to the CDC for approval. The next step in the process is to begin meeting with the UHV-SBDC to complete the CDC Entrepreneurship Grant Package. The expected timeline for completing the package is four to eight weeks. Once the package is completed, the Entrepreneurship Grant application is prepared, included in the CDC Entrepreneurship Grant package and sent to the board of directors for approval.

Patrick J. Kennedy is the executive director of the Cuero Development Corporation.



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