Denton County has launched the OPEN (Operational Plan for Economic Normalization) Grant with $2.2 million available through grants for businesses physically operating within Denton County. The goal of this program is to help the businesses that have been closed the longest and negatively impacted by COVID-19.
If you still have questions after reading the information below, please email questions to OPENgrants@dentoncounty.gov or call 940-349-4280 from 8 a.m. to 5 p.m. Monday through Friday.
Denton County Commissioners Court is launching a small business grant program at noon on Wednesday, May 13, 2020, through noon on Wednesday, May 20, 2020, to provide up to $10,000 grants to Denton County businesses who closed the longest and have been the most negatively impacted during the COVID-19 pandemic.
In Phase 1 of Denton County OPEN, for-profit businesses headquartered and located in Denton County with 50 or fewer employees (excluding ineligible entities listed below) are eligible to apply.
The amount a business can receive will be based on the percentage of closure the business experienced during the COVID-19 Stay-at-Home order.
- Business operations completely closed can get 100% of eligible grant.
- Business operations partially closed can get 75% of eligible grant.
The eligible amount of the grant is the higher of:
The $2.2. million identified for the Denton County OPEN grant was accumulated by Denton County from CoServ Capital Credit funds over a 20-year period and set aside. Denton County is re-investing these non-taxpayer funds into the Denton County OPEN program to benefit Denton County businesses impacted by COVID-19.
Grants awarded will be up to $10,000.
Individual grants will be awarded based on such factors as need, eligibility, number of employees, loss due to full/partial shutdown, being deemed non-essential during the COVID-19 pandemic and availability of funds.
Provide your Certificate of Filing with the Secretary of State. If you do not have it, you can find it on the Texas Secretary of State website at https://direct.sos.state.tx.us/acct/acct-login.asp
Chapter 381 of the Local Government Code allows counties to administer and develop a program to make grants of public money to promote state or local economic development and to stimulate, encourage and develop business location and commercial activity in the county.