Marble Falls EDC earmarks $100,000 to help businesses
Connie Swinney/The Highlander
A message greeted tourists and local residents March 30 to encourage them to continue to patronize businesses, who remain open, but are struggling due to COVID-19 prevention restrictions.
By Connie Swinney
Staff Writer
With the approval of the city council March 26, the Marble Falls Economic Development Corporation (EDC) approved assigning the entity's finance committee to coordinate a $100,000 small business loan program for qualified merchants devastated by safety requirements connected to the COVID-19 pandemic.
EDC, which operates on sales tax dollars, will make $88,000 available via an existing emergency fund, supplemented with an additional $12,000 potentially provided through the entity's Community Leverage Funds program.
“We thought it would be appropriate for us to consider ways that we might be able to assist the community of Marble Falls to get through the next couple of weeks, next month and beyond, so they can make application with the FDA for the economic injury disaster loan program,” Marble Falls EDC Executive Director Christian Fletcher said during the teleconference meeting. …
Find the rest of this story and comprehensive news coverage in the Tuesday, March 31 issue of The Highlander, the newspaper of record for the Highland Lakes. To offer a comment or news tip, email connie@highlandernews.com or call 830-693-4367. Click here to subscribe to our e-Edition online.
