The City of Laredo seeks transformative public-private partnerships to strengthen the local economy, sustain economic activity, and build resilience against national economic downturns. The Program guidelines have been developed to govern the implementation of new agreements and to establish a process for program creation, project selection, program stewardship, and regular reassessment.
The basic framework for spending City funds is:
1. City funds must be spent for a City purpose (municipal purpose);
2. The City must get a benefit that is roughly equivalent to what it is spending; and
3. The City must be able to track that the purpose is being achieved;
4. Additionally, the Texas Constitution generally prohibits the use of public funds for a private purpose, prohibits the City from giving a gift; and prohibits the City from investing in private entities.
General Eligibility
Although the City will consider all applications for the 380 Grants that meet the eligibility requirements set forth in the Policy, it is especially interested in supporting projects that are expected to produce a meaningful impact on the City and its economy and that result in one or more of the following:
Growth of business activity, employment, or investment especially, but not limited to identified target industries such as:
A. Manufacturing/Advanced & Light
B. Healthcare Industry
C. Large Distribution Centers & Logistics; Produce & Cold
Storage
D. Destination Retail/Hospitality
- Creation of high-wage and quality jobs or large number
of jobs
- Growth of business, employment, or investment in
Downtown, Inner City or South Laredo
- Revitalization in a key employment node or specifically
designated area of the city
- Retention or expansion of an existing major employer, logistics included;
- Other opportunities as specified by Chapter 380, Texas Local Government Code;
- Businesses must submit an online application for program consideration. A $2,500 fee is required.
Program Guidelines
