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Orange offering grants to new businesses [Video]

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Small Business Funding

City officials say that since 2020 they’ve used almost $5 million to attract new businesses through these EDC grants.

ORANGE, Texas — The City of Orange has been able to attract new businesses through the use of Orange Economic Development Corporation (EDC)  grants.

City officials say that since 2020 they’ve used almost $5 million to attract new businesses through these EDC grants.

The EDC committee distributes the grants by taking half a cent of the city’s 8.25 sales taxes.

The money helps reimburse developers for infrastructure costs. Orange is the only city in Orange County that has an EDC.

“Since December of 2020 there’s been 31 new businesses and developments that have received economic development cooperation grants,” said Director of Planning and Community Development for the City of Orange Kelvin Knauf.

Companies who want to Orange would have to pay upfront for infrastructure costs and they will then be reimbursed by the city later.

“They look at …

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