Deadline: 4-Mar-22
The Texas Woman’s University (TWU) is pleased to announce a call for applications for the AdvanceHER Grant Program to foster greater economic development activity in Texas by encouraging and enabling Texas woman-owned, small businesses to grow and expand their established small business.
This grant is created to support innovation, job creation and retention, and high-growth entrepreneurship. The business must have the potential to generate additional economic activity in the State.
Funding Information
Grant amount: $25,000
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.
- Any other business-related activity that CWE deems is aligned with the stated purpose of this program.
Preference
Preference is given to businesses focused on these industries:
- Information Technology – hardware, software and technology-enabled services
- Life Sciences – pharmaceuticals, diagnostic and medical devices
- Clean Energy – energy generation, management and storage
- Advanced Manufacturing – materials, processes or equipment
Eligibility Criteria
Eligible businesses must satisfy all of the following conditions:
- Existing Texas women-owned businesses (at least 51% directly owned and controlled by one or more women who are U.S. citizens or permanent residents) with 3-20 full-time employees. The business must have been established as woman-owned on or before January 21, 2022.
- The business owner must reside in Texas.
- Business must have been legally formed for at least two years.
- The business must have 3-20 full-time W-2 employees.
- 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.
- 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/or operated within the state of Texas.
- 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.
- The business owner must not have any felonies or convictions for a crime of dishonesty or breach of trust.
- The business, business owner, or principals of the company may not have any unsatisfied judgments.
- The company, applicant, or principals of the company must not have ever been declared in default on any of its loans.
- The company, applicant, or principals of the company must not have ever filed for bankruptcy or in any way sought protection from creditors.
For more information, visit TWU.
For more information, visit https://twu.edu/center-women-entrepreneurs/advanceher-grant/