Governor Greg Abbott and the Governor’s Office of Economic Development and Tourism yesterday announced the opening of applications, beginning today, July 6, for the Texas Travel Industry Recovery Grant Program (TTIR) established by Senate Bill 8 and signed into law by the Governor following the 87th Legislative Session to administer $180 million of funds received from the Coronavirus State Fiscal Recovery Fund under the American Rescue Plan Act of 2021. The purpose of the TTIR program is to provide grants for the recovery of Texas businesses in the tourism, travel, and hospitality industry that were negatively impacted due to COVID-19.
“Travel and tourism is a critical component to both the state and local economies,” said Governor Abbott. “Visitor spending at Texas destinations brings new money into communities and spurs local job creation across industries in every region of the state. After a decade of record expansion where 1 in 10 Texas jobs were supported by tourism, the travel industry was among the hardest hit by the pandemic. While direct travel spending in Texas is recovering at a faster rate than national averages, allocating these grant funds paves the way for a more prosperous, brighter future for all Texas communities.”
The TTIR program will support the Texas tourism, travel, and hospitality industry by making grant funds available to businesses negatively impacted by COVID-19. Applicants in the following industries are eligible for a one-time grant of up to $20,000: arts, entertainment, and recreation; food services and drinking places; traveler accommodation; RV parks and recreational camps; traveler arrangement and reservation services; convention and tradeshow organizers; breweries; wineries; and distilleries.
The TTIR program application requires all applicants to submit supporting documents along with their application to demonstrate compliance with grant and eligibility requirements.
The Governor’s Office of Economic Development and Tourism will host a series of webinars for specific industry groups to provide more information and answer questions on the application process and the TTIR program:
To register for the webinars and for eligibility and grant application details, deadlines, and more, visit: https://ttir.gov.texas.gov
For questions regarding your TTIR program eligibility, please contact your Tax Advisor directly.
Source: The Governor’s Office of Economic Development and Tourism
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