Contributed photo
Contributed photo
South Texas Development Council (STDC) has received $550,000 in federal funds from the Economic Development Administration's CARES Act Recovery Assistance program, which will help the STDC allocate Revolving Loan Funds to small businesses in that area.
“The unprecedented coronavirus pandemic has inflicted a staggering toll on hard-working Texans and their small businesses. We must do whatever is necessary to get American small businesses and workers back on their feet,” Rep. Henry Cuellar (D-Texas) said in a press release. “These investments come at a crucial time to help our economy rebound and provide hard-working Texans with new opportunities. As a senior appropriator, I am committing to funding programs that protect the economic well-being of workers and small businesses."
The STDC will allocate funds to small businesses in Starr, Zapata and Webb counties as relief from the COVID-19 pandemic.
“I would like to thank STDC Executive Director Robert Mendiola and the rest of his staff for their work to expand economic opportunity in our community," Cuellar said.
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