Type A Fund | Small Business
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THE A FUND IS A BUSINESS AND JOB GENERATOR that was voted on and approved by Corpus Christi voters in 2002. The sole purpose of the fund is to help keep our city competitive in attracting and retaining businesses and jobs. The citizens of Corpus Christi are helping our city grow by dedicating 1/8 of a cent of sales tax collected toward economic development and job growth. An estimated $6 million in revenue are collected in the fund each year. HERE IS THE IMPACT.

SMALL BUSINESS

Type A Fund has funded small business assistance projects.

The internship programs at both Texas A&M University Corpus Christi (TAMU-CC) and at Del Mar College (DMC) are helping 211 companies at DMC and 212 small businesses at TAMU-CC.

It has funded small business assistance at Del Mar College through FasTrac © Program, Procurement Technical Assistance Program, and small business assistance from Service Corps of Retired Executives (SCORE) and LiftFund, through their small business loan buy-down program.

LiftFund has loaned 399 small businesses more than $7.1 million. LiftFund uses its own funds for loans but uses Type A funds to buy down the interest rate from 12% down to 5.5%.

These programs resulted in the creation of 901 new jobs. They also doubled the number of qualified workers in our area. The assistance to small businesses is not easily measured in the number of jobs but in the small businesses growing or even just staying in business.


TYPE A FUNDS EXPIRE APRIL 3, 2018
POTENTIAL VOTE NOVEMBER 2016