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Buda launches Still Budaful Stimulus Program

Buda launches Still Budaful Stimulus Program

The Buda Economic Development Corporation (Buda EDC) is excited to announce the launch of the Still Budaful Stimulus Program developed to assist businesses negatively affected by the COVID-19 (Coronavirus).

The Buda City Council authorized the local economic development program authorized under Chapter 380 of the Texas Local Government Code to help reduce the resulting economic strain on local businesses. The total contributions between the City of Buda and Buda Economic Development Corporation amount to over $485,000, allowing eligible businesses to apply for the following assistance programs:

Still Budaful Stimulus Grant – provides up to $5,000 in grants to qualifying small businesses, located in Buda, with less than 50 employees severely impacted as a result of the ‘Stay at Home, Work Safe’ Order

Hotel Occupancy Tax Payment Emergency Deferral + Forgiveness Program – provides a 60-day deferral and an additional offering of up to $5000 forgiveness of hotel occupancy tax payments to Buda hotels severely impacted as a result of the ‘Stay at Home, Work Safe’ Order

Buda Emergency Co-Marketing Grant – provides 100% reimbursement, up to $50 per month, for a two-month maximum to tourism-related businesses severely impacted as a result of the ‘Stay at Home, Work Safe’ Order

“The Buda Economic Development Corporation (BEDC) is committed to expanding and promoting local business. During this time of social distancing, the BEDC Board approved $210,000 toward the Still Budaful Stimulus Program which will provide grants to small businesses in Buda. Small business is the backbone of our community. Buda is and will continue to be a business-friendly community and this program proves that through good times and bad, the Buda EDC is here for Buda businesses,” said Jennifer Storm, Buda Economic Development Corporation Board President.

In addition to the sub-programs available under the Still Budaful Stimulus Program, Buda City Council voted to waive food truck fees for the 2nd quarter. Food trucks must still register with the City of Buda to remain in compliance.

The program was developed through a council appointed Small Business Task Force consisting of representatives from the Buda EDC, Buda Chamber, City Councilmember Evan Ture and City of Buda staff.

To review the eligibility and qualifications and to apply for the grant, businesses are encouraged to visit www.stillbudaful.org.

 

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