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Friday, November 27, 2020
Business Council Report: Grant for Fort Worth Business Assistance Center accepted

Council Report: Grant for Fort Worth Business Assistance Center accepted

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At Tuesday’s meeting, the Fort Worth City Council authorized execution of an agreement with the University of North Texas Health Science Center (UNTHSC) at Fort Worth to accept a grant of $450,000 from State of Texas. The funding will go for operations of the Fort Worth Business Assistance Center, as well as renovations and upkeep of

buildings on the Guinn Elementary School Campus.

In the 86th Legislature, as part of Senate Bill 1 (General Appropriations Act for the 2020-2021 Biennium), the state approved grant funding of $3 million for a partnership between the city and UNTHSC for two years beginning Sept. 1, 2019. Of this grant, $2.6 million has been appropriated to UNTHSC and TECH Fort Worth, and the remaining $900,000 is allocated to the city to be received in two installments.

During the biennium the city will receive $450,000 during Fiscal Year 2020 and an equal amount in $Fiscal Year 2021.

These funds will be used to administer the Fort Worth Business Assistance Center (BAC) Program, and fund the Fiscal Year 2019-2020 contract with the BAC Education Foundation for the Idea Works Business Incubator housed in the elementary building at the historic James E. Guinn Campus.


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