Economic Recovery Resources - Weekly Update
The Houston-Galveston Area Council and the Gulf Coast Economic Development District stand ready to assist the 13-county region in pursuing strategies to restore local economies. We will be issuing this Economic Recovery Resources - Weekly Update to help our local partners stay on top of new funding opportunities. Subscribers to the monthly Regional Economic Development Digest will receive the weekly update automatically. We hope to make it easier for you to secure the resources you need to recover quickly.

Please e-mail Josh Owens or call 832-681-2613 to discuss economic recovery needs you may have.


Upcoming EDA CARES Act Funding Webinar Hosted by Gulf Coast Economic Development District
Join the Houston-Galveston Area Council and Gulf Coast Economic Development District from 2 to 3 p.m. Thursday, June 18, for a webinar with the U.S. Economic Development Administration to learn how your community can access Coronavirus Aid, Relief, and Economic Security (CARES) Act grant funding for economic development.
  • Jeffery Sjostrom of the Galveston Economic Development Partnership will demonstrate how the City of Galveston has leveraged Economic Development Administration funding to speed economic recovery.
  • Jason Wilson of the Economic Development Administration will discuss the CARES Act funding available and their criteria for making investments.
  • Joshua Owens of the Gulf Coast Economic Development District will present on the application process and the information you will need to submit a competitive application.
 Registration is required.

Executive Order Announces Phase III of Plan to Open Texas
On June 3, the Office of the Texas Governor released new occupancy restrictions for Texas businesses and establishments. Most businesses are allowed to operate at 50% capacity, effective immediately. Read the full announcement.

Texas COVID Relief Fund to Open June 11, Offering Grants up to $150,000
OneStar Foundation announced the availability of $500,000 in grant funding to support organizations across the state working to ensure the economic recovery of communities in Texas. Grants between $20,000 to $150,000 will support projects that address the unmet needs of vulnerable populations and underserved communities in the areas of community and economic development, healthcare, and education. Government entities and 501(c)3 nonprofit organizations are eligible to apply. Additional funding criteria for prioritization of applicants are outlined on the OneStar Foundation Texas COVID Relief Fund webpage. The deadline to apply is June 25.

CARES Act Funding through Economic Development Administration Remains Available
The U.S. Economic Development Administration (EDA) is accepting applications for Coronavirus Aid, Relief, and Economic Security Act (CARES Act) supplemental funds (EDA CARES Act Recovery Assistance) intended to help communities prevent, prepare for, and respond to coronavirus. The funding is to help speed communities' economic recovery from the pandemic through implementing economic recovery activities, such as entrepreneurial support programs, infrastructure, and facilities construction to save or create jobs. Funds are available through the 2020 Public Works and Economic Adjustment Assistance Notice of Funding Opportunity (FY20 PWEAA NOFO, see page 46). The Gulf Coast Economic Development District will be working to provide technical assistance for applicants. E-mail Josh Owens with any questions.

Applications Open for Nearly $1.2 Billion in Mitigation Project Funding for Texas
The Texas General Land Office is accepting applications for its Competition Applications for the Community Development Block Grant Mitigation (CDBG-MIT) program. More information is available in the Application Guide, and the Application Portal can be found online. H-GAC is available to provide data and technical assistance to its members on their applications and in coordinating the development of projects involving multiple jurisdictions. Contact Justin Bower at 713-499-6653 or if you have any questions or would like to request assistance.

Federal Funding For Rural Communities
The U.S. Department of Agriculture (USDA) released a COVID-19 Federal Rural Resource Guide organizing funding opportunities identified in the CARES Act and other federal resources that can help support rural America.

Current USDA Funding Opportunities:

Upcoming Economic Recovery Webinars 

June 9 | EDA to Discuss CARES Funding and New Innovation Opportunities | SSTI 
The U.S. Economic Development Administration representatives will share information regarding $1.5 billion in economic development grants available for coronavirus response and recovery efforts at the local, state, and regional levels. The EDA team will discuss the pending innovation and entrepreneurship challenge component of the funding. Learn more about qualifying for grants, which types of project support/assistance will be funded, how to apply, and more. There will be time for Q&A at the end of the presentation.


June 10 | Resetting the Local Economy after COVID-19 | Institute for Local Government
Learn how to quickly and strategically retool local economies in response to COVID-19 impacts on retail, hotels, tourism, industrial, and residential markets. Understand the evolving shifts in land use and occupancy, identify sectors that will come back first, and learn how to select and implement effective programs that can accomplish recovery in the near term and achieve resiliency over the long term. View additional webinars on COVID-19 recovery from the Institute for Local Government.

June 10 | Building the Road to Recovery | Council of Development Finance Agencies
Part of the CDFA-Alliance for Rural Impact Rural Finance Webinar Series, this webinar will discuss the development finance tools that can support rural economies as they rebuild to be more resilient and stronger than ever.

June 10 | Mitigating the Economic Impacts of COVID-19 in Rural Areas | The Brookings Institution
A panel of local leaders will discuss the role their organizations are playing in supporting struggling small businesses and connecting them to resources at the local, state, and federal levels. Panelists will discuss how they are laying the groundwork for recovery in the months and years to come and what further supports are still needed to ensure rural communities durably emerge from this crisis. 

June 11 | What Impact Entrepreneurs Need to Know to Survive | Sorenson Impact Foundation and Sorenson Impact Center
The Sorenson Impact Foundation and Sorenson Impact Center are hosting a virtual convening to discuss how impact-oriented investors and entrepreneurs can weather these challenging times. The session will discuss key lessons learned from previous recessions and profile how both entities are working to deliver equitable relief, recovery, and resiliency as we emerge from COVID-19.

June 15 | Wish You Were Here: Tourism in a New Age | International Economic Development Council
Measures to contain the spread of COVID-19 are at a direct opposition to the tourism industry; when the recommendation is to stay home and avoid plane travel, no amount of promotion will bring back the flow of visitors. This webinar will provide information that you can implement and share with your tourism partners as the season ramps up.

June 17 | Public-Private Financing for Infrastructure in Uncertain Times | Texas Economic Development Council in partnership with the Council of Development Finance Agencies
Presenters will share first-hand knowledge of their experience utilizing public-private partnership (P3) financing for successful infrastructure projects, and they will provide insight on how development finance agencies can engage with P3s during uncertain economic conditions.

In response to the pandemic, counties are exploring ways to maintain and sustain child care businesses upon reopening. The CARES Act provides federal relief supporting state and local efforts in securing child care during this critical time, especially for essential staff and first responders serving on the front line. Learn more about federal resources for child care during COVID-19 and what your county can do to ensure safe, healthy learning environments for young children.

June 18 | How COVID-19 Can Inform Resiliency | Security and Sustainability Forum
This webinar will analyze lessons learned from the COVID-19 pandemic as they relate to preparedness planning and business continuity. The webinar will share approaches to maximize the time between potential waves to enhance capacity and capability needed to achieve comprehensive business resilience across the public and private sectors.

June 18 | Best Practices in Rural Marketing & Attraction | International Economic Development Council
Presenters will discuss marketing challenges in the context of budget constraints and increasingly technical platforms and mediums.

June 18 | H-GAC EDA CARES Act Webinar | Houston-Galveston Area Council and Gulf Coast Economic Development District
Join the Houston-Galveston Area Council and the Economic Development Administration to learn how your community can access Coronavirus Aid, Relief, and Economic Security (CARES) Act grant funding to support job creation and bolster economic recovery.

June 22 | Saving Retail on Mainstreet and Beyond | International Economic Development Council
Mainstreet retail is at risk due to the Coronavirus. Innovative strategies can provide a lifeline to these businesses - from loan programs to easing restrictions on doing business in the street. Join our experts to hear from communities large and small on how they are saving Mainstreet.

June 23 | COVID-19 Business Forum - Economic Update | Greater Houston Partnership
Patrick Jankowski, the Greater Houston Partnership's Senior Vice President of Research, will provide an economic update on the state of Houston's economy during the COVID-19 outbreak.

June 24 | Post-COVID-19: How Global Supply Chain Strategies Are Changing | Texas Economic Development Council
Rosemary Coates, Executive Director of the Reshoring Institute, will speak on how companies must become responsive and resilient to the next pandemic, the next trade war, and global climate changes. Learn how to understand the changes to global supply chain flows and how these will affect business locations. Learn how supply chains can turn crises into opportunities through fast response, rapid retooling, and tracking demand.

June 30 | Tapping Into Hidden Capital for COVID-19 Recovery | Texas Economic Development Council
Governments and institutions are starving for capital to keep revenue growing. Economic developers must provide adaptive financial sourcing in response to the massive disruption of COVID-19. During this webinar, learn how you can tap into "hidden capital" to fund struggling local governments, universities, and health care facilities and safeguard the fiscal well-being of your communities.



Partner Resources 

Visit our website for information and links to local, regional, and partner organizations that have additional resources and information on economic recovery. A select list is presented below.

The Greater Houston Partnership has established the Greater Houston Business Recovery Center, which will provide guidance on policy and financing related to recovery programs.

RestoreYourEconomy is your resource for up-to-date information related to COVID-19 and its economic impacts.

The Texas Economic Development Council COVID-19 webpage catalogs COVID-19 resources, updated, and links. It includes webinars, small business program examples, research white papers, resources for businesses, Texas Workforce Commission resources, and advice for retailers.

The National Association of Development Organizations COVID-19 resource center provides advocacy resources, upcoming virtual events and training, federal agency COVID-19 resources, member response resources, national partner organizations response resources, Office of Management and Budget guidance, state-by-state workforce guidelines, philanthropic resources for communities, and economic resilience resources.

The International Economic Development Council Corona Virus Response webpage provides information on the Council's COVID-19 webinar series, COVID-19 resources, and frequently updated situational reports.

Main Street Forward provides a wide range of free resources for Main Street leaders, including recovery planning tools, research, advocacy efforts, and best practices and examples from around the Main Street Network.
 
The Economic Recovery Resources - Weekly Update is published by the

Houston-Galveston Area Council, 3555 Timmons Lane, Suite 120, Houston, TX 77027
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