TEDC gets grant to help small businesses impacted by COVID-19

TYLER — The Tyler Economic Development Council, Inc., will receive a grant from the EDA CARES Act Recovery Assistance fund. Felicia Herndon tells KTBB, “This is a new Revolving Loan Fund, $682,000 has been allocated to TEDC. This is going to target those small businesses that have been directly impacted by COVID-19. In doing so, this is going to allow us to branch out and do a little more than what we we’re able to do with the original Smith County Revolving Loan Fund.” For more information click the link. https://www.tedc.org/news.

Herndon continued, “We will not only be able to assist primary employers, but also non-primary retail service sectors. Contact us directly we are going to be putting up information on our website.” Applicants may contact:Tyler Economic Development Council Felecia Herndon, Exec. VP of Finance and Operations [email protected] Karla Anders, Loan [email protected] 903-593-2004.