News for Bastrop Businesses: $20,000 Texas Travel Industry Recovery Grant Applications are Open
1 Aug 2022
Bastrop Economic Development Corporation is pleased to share details about the newly launched Texas Travel Industry Recovery Grant Program (TTIR Program) in line with our mission to be a driving force to attract, support, and sustain the economic growth of the Bastrop Community.
Through the TTIR Program, one-time grants of up to $20,000 will be issued to reimburse eligible costs to qualifying Texas entities negatively impacted by COVID-19 in the tourism, travel, and hospitality industry. TTIR Program funds, totaling $180 million, were received from the Coronavirus State Fiscal Recovery Fund, established under the American Rescue Plan Act (ARPA) of 2021.
Applications will be accepted in phases through the TTIR Grant Program Portal following timelines sorted by industry groupings identified by NAICS codes. Only privately-owned for-profit and non-profit entities which fall into the qualifying NAICS categories are eligible for TTIR Program funding. If funds remain after the first four phases, a fifth phase will revisit any unfunded applications to award the remaining funds.
TTIR Program Application Timelines
(Application deadlines are subject to change; please check the Program Portal for updates):
- Category 1 – July 6 to August 7, 2022
- NAICS 312120, 312130, 312140, 5615, 561920, and 7212
- Breweries, microbreweries; Wineries; Distilleries
- Travel Arrangement and Reservation Services; Convention and Visitors Bureaus
- Convention and Trade Show Organizers, Event and Meeting Planning Services
- RV Parks and Recreational Camps; Campgrounds
- Category 2 – September 1 to September 22, 2022
- NAICS 71
- Arts, Entertainment, and Recreation
- Category 3 – October 1 to October 22, 2022
- NAICS 7211
- Traveler Accommodation: Hotels and Motels, Bed and Breakfast
- Category 4 – November 1 to November 22, 2022
- NAICS 722
- Food Services and Drinking Places
- Category 5
- If funds remain after the first four phases, a fifth phase will revisit any unfunded applications to award the remaining funds.
TTIR Program Eligibility and Application
Please refer to https://www.naics.com/search/ to determine whether your particular organization or business qualifies in one of the relevant NAICS codes.
Each application is evaluated and scored based on established criteria. Applications with tie scores will be further assessed for grant approval via timestamp data for submission order.
Even if an entity received Paycheck Protection Program (PPP) funding, it may still be eligible for funding through the TTIR Program. Businesses that have not received any or have received minimal federal aid due to COVID-19, including the PPP, Shuttered Venues Grant, the Restaurant Revitalization Fund, or SBA Debt Relief, will be scored higher than businesses that have received more than minimal federal aid of this type.
The TTIR program application requires all applicants to submit supporting documents along with their application to demonstrate compliance with grant and eligibility requirements. For a list of those required documents and the application, please refer to the Program Portal.
TTIR Program Priority Groups
Priority groups, assuming the relevant entity meets all other eligibility requirements, include:
- Businesses demonstrating the most significant negative financial impact as determined by total Texas sales;
- Businesses that have not received any or have received minimal federal aid due to COVID-19, including the Paycheck Protection Program, Shuttered Venues Grant, the Restaurant Revitalization Fund, or SBA Debt Relief;
- Veteran-owned businesses;
- Businesses located in a Qualified Census Tract (QCT), Difficult Development Area (DDA), or nonmetropolitan (nonmetro) area as determined by the Office of Management and Budget (OMB);
- Small businesses (no more than 500 employees, or, if applicable, the size standard in number of employees established by the Administrator of the U.S. Small Business Administration (SBA) for the industry in which the business concern or organization operates; or is a small business concern as defined in section 3 of the Small Business Act (15 U.S.C. 632)); and
- For-profit entities, Destination Marketing Organizations (DMOs), and Convention and Visitor Bureaus (CVBs).
TTIR Application Assistance
- Visit the TTIR Grant Program Portal to apply for a grant and learn about eligibility and grant application details, deadlines, and more.
- View the application video tutorial for a detailed walkthrough of the application process.
- Visit the FAQs for more information about priority groups, eligibility, and more.
- Contact the TTIR staff at email@example.com for any other questions.
TTIR Program Webinars
The Texas Economic Development & Tourism Office will host a series of webinars for specific industry groups to provide more information and answer questions on the program and application process.
Thursday, August 11 | 1:00 p.m. - 2:00 p.m., CT
Traveler Accommodation Webinar (NAICS 7211)
(Registration for this webinar opens on August 2)
Thursday, September 1 | 1:00 p.m. - 2:00 p.m., CT
Food Services and Drinking Places Webinar (NAICS 722)
(Registration for this webinar opens on August 2)
Watch the playback of the July 12, 2022, webinar for businesses in the following industries and NAICS codes: Breweries, Microbreweries (312120); Wineries (312130); Distilleries (312140); Travel Arrangement and Reservation Services, Convention and Visitors Bureaus (5615); Convention and Trade Show Organizers, Event and Meeting Planning Services (561920); RV Parks and Recreational Camps; and Campgrounds (7212).
Watch the playback of the July 20, 2022, webinar for businesses in the Arts, Entertainment, and Recreation category (NAICS 71).
Texas Travel and Tourism Industry Recovery
The Texas travel and tourism industry is vital to the state's economy, creating jobs and injecting dollars into local communities. In 2019, travelers spent $83 billion on travel in Texas. While the industry was greatly affected by the travel and in-person gathering limitations imposed by the pandemic, the industry is starting to see a strong return in Texas.
According to Travel Texas stats for year-over-year change (updated in April 2022), direct travel spending is up 35.7 percent, industry employment is up 5.8 percent, earnings are up 7.0 percent, and related tax revenue is up 33.2 percent.
The intention of the TTIR Program is to aid the industry in its continued recovery and further expansion.
Bastrop EDC is Ready to Assist
Bastrop EDC welcomes the opportunity to assist you in relocating, expanding, or establishing operations in our community. Explore how Bastrop’s ideal location (just 30 minutes from downtown Austin), affordability, attractive tax structure, diverse workforce, and abundant amenities can benefit your business. Contact us at (512) 303-9700 or firstname.lastname@example.org.
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