Business Opportunities, Benefits, and Grants for Women in Plano, Texas

The City of Plano continuously offers services through incentives and opportunities that help women entrepreneurs and business founders achieve success in their operations. This article discusses the business opportunities, benefits, and grants for women in the City f Plano.

Plano Chamber of Commerce

Looking for the right resources to support the growth and expansion of your business? The Plano Chamber of commerce shows you the right direction to follow. Whether you are looking for supportive services for a startup or to expand an already existing business. Ever since its establishment in 1946, the chamber of commerce has been striving to drive the City of Plano towards achieving economic growth by influencing policies that support women-owned businesses. The Plano Chamber of Commerce acts as the voice of women-owned businesses in the community. The Chamber partners with local government agencies to create a favorable business environment. The goal is to provide education to women entrepreneurs, promote professional development, and provide female founders with services to help them run their businesses smoothly. The Chamber also strives to create a skilled workforce and work towards achieving sustainability in the local economy. The Chamber is guided by values such as integrity, collaboration, innovation, and excellence to achieve its mission. Want to become a member? Visit http://members.planochamber.org/member/newmemberapp/. How do you get involved in the Chamber of Commerce once you become a member? Well, you will make more connections that will expose you to many other resources to help you achieve success in your endeavors. You can also get involved by having access to the information you need to stay updated regarding the existing policies and the nature of the market. For more details, please visit https://www.planochamber.org/get-involved/.

Collin Small Business Development Center (SBDC)

The Collin SBDC is based in the city of Plano and is a partnership between the U.S. Small Business Administration, Texas state, and Collin College. The SBDC provides business consulting to women entrepreneurs to help them achieve their goals. The Center also strives to offer networking and education opportunities to women founders through workshops and seminars. This is designed to help the female entrepreneurs learn the topics that are necessary to stimulate growth and make their businesses thrive. http://collinsbdc.com/.

Historically Underutilized Businesses Zone (HUBZone)

The HUBZone program is designed to private contracting opportunities to women-owned businesses. To qualify for this program, your business must be located in areas considered to be disadvantaged economically. The goal is to help improve capital investments in the affected areas and also generate more employment opportunities for the jobless. 51% or more of the business owners must meet the U.S. citizenship requirements. At least 35% of the employees must also come from the historically underutilized business zone. Read more at http://www.sba.gov/hubzone.

Tax Increment Finance (TIF)

The purpose of Tax Increment Finance is to help attract economic growth and development in the targeted areas known as Tax Increment Reinvestment Zone. How does this program work? By using private investment to encourage economic development in the targeted area, the TIF can be used to provide funding support to public improvements. The cost of improvements made to the targeted areas is then repaid through future tax revenues. For more details, please visit http://planotexas.org/229/Tax-Increment-Finance-TIF.

The Texas Workforce Commission (TWC) Skills Development Fund

The purpose of this program is to support women-owned businesses through training of their employees or for new hires to help them develop the necessary skills. The program provides support through training grants, which are designed to finance these services. Who qualifies for this program support? Well, to be eligible for the training grants, you have to at least partner with a technical or community college. They are specifically designed towards enhancing the skills and knowledge of the local workforce to help facilitate the growth of women-owned businesses and the over economy of the City of Plano. For more details about the program, please visit http://www.twc.state.tx.us/svcs/funds/sdfintro.html.

Workforce Solutions for North Central Texas

The purpose of this organization is to provide leadership services to workforce centers to help women business owners have access to qualified employees for their daily operations.  The organization through the workforce centers can help you hire the right people and retain the existing employees. They will also help you reduce the turnover. For your business to succeed, you need to match with the right staff and funding sources, such as grants. Learn more at https://www.dfwjobs.com/.

Plano Economic Development

Plano Economic Development is an excellent resource center for women-owned small and medium-sized businesses. The PED staff will help you navigate through the process of becoming a successful business owner in the City of Plano. Whether you need information on the available real estate property, acquiring license and business certification, or registration, the staff helps with everything. PED partners with other organizations, including the Plano Chamber of Commerce to provide you with the assistance you need to make your enterprise thrive in the world of business. Also, the resources center offers referral services to ensure you get access to the right tools and programs to achieve your goals. usually, you may qualify for incentives for expansion, depending on the number of employment opportunities you can create or the existing jobs you can retain, the type of employment your business generates to the public, and the revenue you earn per annum. For more information, please visit http://tx-planoed.civicplus.com/206/Resources-for-Businesses-in-Plano.

Tax Abatements in the City of Plano

The City of Plano contributes to the success of women-owned businesses by offering tax abatements t facilitate their growth and expansion. Such abatements can be offered to women entrepreneurs constructing new buildings for commercial purposes or carrying expansion of their enterprises. Tax abatements not only help the small businesses thrive but also leads to the well-being of the economy of the City of Plano by supporting its growth. We both understand the value of women-owned businesses in encouraging the growth of the local economy, especially through job creation and earning revenue to the government. Tax abatement in Plano has contributed to the generation of more than 59,000 jobs to the public and has produced earned more than $3 billion in the improvement of real estate and personal property. visit http://planotexas.org/225/Tax-Abatement to learn more.