Events & News

HGALDC - Houston-Galveston Area Local Development Corporation

Events & News

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Rural Economic Development Loan and Grant

Deadline: June 30, 2023

The Rural Economic Development Loan and Grant program provides funding for rural projects through local utility organizations. USDA provides zero-interest loans to local utilities which they, in turn, pass through to local businesses (ultimate recipients) for projects that will create and retain employment in rural areas. The ultimate recipients repay the lending utility directly. The utility then is responsible for repayment to USDA.

USDA provides grants to local utility organizations which use the funding to establish Revolving Loan Funds (RLF). Loans are made from revolving loan funds to projects that will create or retain rural jobs. When the revolving loan fund is terminated, the grant is repaid to USDA.

The Agency anticipates the following maximum amounts per award: Loans - $2,000,000; Grants - $300,000.

Broadband Summit

Thursday, April 20, 2023
Humble Civic Center
8233 Will Clayton Pkwy
Humble, TX 77338

The Broadband Summit, hosted by H-GAC, aims to promote equitable access to high-speed internet and encourage increased adoption and use of internet services across the 13-county Houston-Galveston region.

At this event, attendees will have the opportunity to hear from government representatives at the federal, state, and local levels, including the Federal Communications Commission (FCC), Texas Broadband Development, and national telecommunications and information technology companies.

Moreover, participants can network with local leaders and engage in meaningful conversations focused on identifying actionable steps to enhance coordination, leverage resources, and create high-impact opportunities for the region.

Registration is now open! Limited seats! It’s free to register and lunch will be provided.

Disaster Recovery Assistance

Small Business Administration (SBA) Disaster Loans

The Houston-Galveston Area Local Development Corporation (HGALDC) wants to alert you that the Small Business Administration (SBA) has recently announced they are offering disaster loans to businesses and homeowners affected by the recent tornadoes in Texas.

If your property has been damaged or destroyed, the SBA can provide low-interest loans to help cover the cost of repairs and recovery. With loan amounts of up to $2 million for businesses and $200,000 for homeowners, the SBA's Disaster Loan Program can help you get back on your feet and rebuild your life. Whether you need to repair your home, replace equipment, or restock inventory, the SBA is here to support you during this difficult time.

Don't wait to apply for assistance – the sooner you apply, the sooner you can start your recovery.

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