Commissioner Todd Staples Awards City of Caldwell $300,000 for Economic Development

By: TDA Press Release
By: TDA Press Release

AUSTIN — Agriculture Commissioner Todd Staples announced the Texas Department of Agriculture awarded a $300,000 grant to the city of Caldwell to spur economic development. The infrastructure grant, awarded through the Texas Capital Fund, will provide funding for improvement to roads and gas lines.

The Texas Capital Fund, a part of the federal Community Development Block Grant program, provides about $10.7 million in competitive awards each year to boost economic development in small Texas cities and counties. Administered in cooperation with the Office of Rural Community Affairs, the program is housed under TDA’s Rural Economic Development Division.

“The Texas Capital Fund is a great tool to ensure economic growth in every region of our state,” Commissioner Staples said. “This award will give a boost to Caldwell and is an example of good business and great partnerships at work in Texas.”

“We are very pleased to have been awarded the Texas Department of Agriculture Capital Fund to serve Zodiac Corporation for the start-up of their new venture in Caldwell, Texas,” Caldwell Mayor Bernard Rychlik said. “Zodiac will be a great business partner for Caldwell providing jobs now and great future prospects for expansion of their business.”

The Texas Capital Fund provides funding for infrastructure, real estate, main street and downtown development under three programs: Infrastructure Development, Real Estate Development and Downtown Revitalization. Infrastructure awards, such as the one granted to Caldwell, may be used for projects that include water and sewer lines, road improvements, fiber optic lines and railroad spurs. Real estate awards may be used to acquire, construct or rehabilitate buildings and the Downtown Revitalization Program provides grants to non-entitlement street cities for the purpose of renovating or constructing sidewalks, lighting, drainage and other infrastructure elements in downtown areas.

For more information about the Texas Capital Fund, contact the TDA Rural Economic Development Division, P.O. Box 12847, Austin, Texas 78711, or call the toll-free Rural Assistance line at (877) 428-7848.

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