Arissa Viering | 7/15/2020 | Goodday Mineral Wells | Local Business Updates | Local Government Updates
MINERAL WELLS, TX – As of 7/15/2020, the Mineral Wells Economic Development Corporation (MWEDC) has established the a business loan program to alleviate the financial difficulties caused by the COVID-19 pandemic. The Mineral Wells Emergency Business Loan Program will “provide assistance in the form of working capital to local small business enterprises.”
Businesses must be located within the corporate limits of the City of Mineral Wells, registered to conduct business in the State of Texas, and have fewer than thirty employees in addition to meeting other requirements.
Businesses (including nonprofit organizations) that were not in operation at the time of the emergency declaration on March 19th, 2020 are not eligible. Priority will be given to businesses that have not received other COVID-19 related emergency funds.
The program is created pursuant to the authority of the EDC under Sec. 505.103 of the State of Texas Local Government Code. The intent of the program is to allow businesses to retain jobs during this time of local disaster and, in turn, help to promote and expand local business development.
For further information including eligibility requirements, funding amounts, and instructions to apply, please click here.
Former Co-Founder | June 2020-Nov 2020 | Graduate of Texas Christian University with a background in medical anthropology, psychology, and creative writing. Passionate about writing novels. Loved the Mineral Wells community and all that it had offered her and her family.