Beginning with the 79th Legislature of the State of Texas (2005), the State's Biennial General Appropriations Act has appropriated the amount of $3.1 million to the University of North Texas Health Science Center (UNTHSC) for joint economic development and technology commercialization activities of UNTHSC, TECH Fort Worth and the City of Fort Worth for renovations at the Guinn School Campus and Business Assistance Center operations.
In the 85th Legislature (2017), the State approved grant funding in the amount of $3,069,000.00 for the partnership between the City and UNTHSC for the two years beginning September 1, 2017. Of this grant, the amount of $2,619,000.00 has been appropriated to UNTHSC and TECH Fort Worth and the remaining amount of $900,000.00 is allocated to the City during this biennium to be received in two installments. During the biennium the City will receive $450,000.00 during Fiscal Year 18 and $450,000.00 in Fiscal Year 19. While indirect costs were not addressed at the time the grant application was submitted, the Department is reviewing regulations and will comply with City policy on indirect costs to the extent allowed by the program guidelines.
For the State's upcoming Fiscal Year, which ends August 31, 2019, the City will receive the amount of $450,000.00. This amount represents the second installment and final payment from UNTHSC to the City for this biennium. These funds will be used to administer the Fort Worth Business Assistance Center (BAC) Program, and fund the Fiscal Year 2018-2019 contract with the BAC Education Foundation for the Idea Works Business Incubator housed in the elementary building at the historic James E. Guinn Campus.
The Guinn School property is located in COUNCIL DISTRICT 8.
This contract will be with a governmental entity, state agency or public institution of higher education: University of North Texas Health Science Center (UNTHSC).