Laserfiche WebLink
<br /> Project Beneficiaries: The first group who will. benefit from the project include all <br /> current incubator clients and the additional fledgling entrepreneurs who will be able <br /> to participate in the Incubator's expanded service capacity as a result of Phase II <br /> completion. Attached to the exhibit section is the names, jobs created and purpose <br /> of these new companies. The second sector to benefit will be the regional economy: <br /> a recent business incubator study conducted under a grant from the UoSo Department <br /> of Commerce Economic Development Administration concluded "we estimate the <br /> return on public investment at $4.96 for every $1.00" of public money invested, in <br /> tenus of jobs created and local taxes produced. <br /> Civil Rights Issues: Not Applicable. <br /> Funding: <br /> Construction Project Budget Estimate <br /> Administrative Expenses $40,000 <br /> Land, Structures $675,000 <br /> AlE Fees & Inspection $70,000 <br /> Construction, Demolition & Equipment $655,000 <br /> Contingencies $15,000 <br /> Total Project Cost $1,455,000 <br /> Identify sources of non-ED A funding: Phase I renovation fimds totaled $267,893, <br /> supplied by the State of Texas and the San Marcos Industrial Foundation. For Phase <br /> II, the following will be the match: <br /> Grant from LCRA: $25,000 6'1'). ð <br /> Grant from SMIF': $475,000 - 0 J¡ <br /> In-Kind $82,000 <br /> $582,00o--(~ LfO t::. (,.f $, '> I~ <br /> Total I <br /> <br /> Title/Ownership/Operation and Maintenance: (Construction projects) <br /> 1. Will the facilities fimded by EDA be owned, operated and/or maintained by an <br /> entity other than the proponent? If yes, identify. <br /> No. <br /> 3 <br />