Now accepting applications for the Veteran Woman Entrepreneur Grant. The deadline to apply is May 27, 2022 (5 p.m. CT)
The purpose of this program is to foster greater economic development activity in Texas by encouraging and enabling veteran woman-owned small businesses to undertake new and innovative projects. A total of $50,000 is available for this round of funding.
Who can apply?*
Eligible businesses must satisfy all of the following conditions:
- Existing or to-be-formed veteran woman-owned business (at least 51% directly owned and controlled by one or more women who are U.S. citizens or U.S. permanent residents). The business must be a for-profit corporation, partnership, LLP or LLC, or sole proprietorship. Not-for-profit corporations or similar nonprofit entities are not eligible.
- Honorably Discharged, General Discharge under honorable conditions, Active duty in a military transition assistance program (with approved discharge date), Reservist/National Guard.
- If the business or business owner owns the premises from which the business operates, all property taxes must be current.
- All sales, payroll, and other taxes must be current.
- Business must be located and operated within the state of Texas.
- Business owners/partners must not have any felonies or convictions for a crime of dishonesty or breach of trust.
- The business, business owner, and the applicant must not be involved in any pending or current litigation.
- The business, business owner, and applicant are operating with all required permits and licenses and are conforming to all required laws.
- Applicants who are TWU faculty/staff (or any immediate family member of the applicant including spouse, child, parent), trustee, advisory committee member, or a student at TWU are not eligible to apply. Prior grant winners are also ineligible. Applicants who have been sponsored by the CWE for any program in the last year are ineligible
What can the funds be used for?
- Purchase of machinery, equipment, or technology
- Addition or acquisition of new inventory or raw materials
- Purchase and installation of fixtures or display units
- Property improvements that will result in additional business
- Marketing or advertising campaigns
- Any other business-related activity that CWE deems is aligned with the stated purpose of this program
Wages, salaries, or compensation of any kind are explicitly ineligible activities under this program and will not be funded. Sales tax will not be funded.
What are the grant requirements?
- Awardees will receive half of their reward upon signing a grant agreement. The second half of the grant award will be disbursed following satisfactory completion of a small business training course hosted by the CWE, submission, and approval of a completed business plan, and totaled receipts for the 1st half of funds.
- Funds must be matched by a minimum of 10% owner investment (cash or equipment). The owner's investment must not be associated with debt of any kind. Owner Equity must be committed and available to the project at the time of the grant application.
- Receipts for all grant funds must be submitted by August 15, 2022.
- Applications only will be accepted electronically via our online application site by 5 p.m., May 27, 2022. Revisions are not permitted following submission. Applications received after 5 p,m., will be automatically rejected.
- Include documentation that your business is 51% or more woman-owned and controlled. The following are acceptable: Any woman-owned certification, sole proprietor/assumed name filings, LLC or LLP documentation, certification of organization, articles of incorporation, partnership agreement, or bank signature card. Do not send a driver's license, credit card, or passport.
- DD214 showing Honorable Discharge or General Discharge under honorable conditions.
- Background on your company and a description of the project the grant would be used for (SEE BELOW FOR MORE INFO)
- All required information and documentation must be uploaded (for example: proposals from a vendor, quotes or estimates, preliminary invoices, etc.). Incomplete applications will be automatically rejected.
Company background & Project information
Include this information in a PDF that you will upload to your online grant application - each question must be answered (easiest to copy and paste the questions)
- Brief narrative describing the company’s history
- Description of the company’s current operations including products, markets, etc.
- Description of the company’s current operating facilities – both owned and leased
- Summary of the company’s current full and part-time employment
- Description of the company’s need to undertake the proposed project
- Project narrative
- Budget for the project, including project costs and sources of funds
- Physical description of the proposed project, including any business or residential relocation which may result from the undertaking of the project
- Projected new employment for each of the three years following project completion including job title
- Explanation of how your project will contribute to the economy of Texas
After you’ve been awarded
- The successful applicant will receive two installments of the award:
- 1st half upon being awarded.
- 2nd half following completion of a small business training course hosted by the Center for Women Entrepreneurs which includes business advising and mentoring, submission and approval of a completed business plan, and itemized receipts or proof of purchases made with initial grant funds (costs must have been incurred after receiving grant funding).
- You need to talk with CWE staff about grant specifics and ask any questions you have.
- You will need to sign a grant agreement and photo release BEFORE you can access your initial grant funds.
- You must attend the CWE virtual small business training course. You cannot access your remaining funds until AFTER you have completed the course.
Page last updated 8:25 AM, April 25, 2022