January 26, 2023

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The Smart Business

What compact company owners in Fort Bend County need to know about the $71.4M Choose KP George allocated to assistance them

RICHMOND, Texas – Fort Bend County Judge KP George held a information conference Wednesday on the development of the county’s Compact Organization Grant Software.

The software was created to stabilize existing smaller companies in Fort Bend County that have experienced important company disruption owing to the effects of COVID-19.

George was joined by county business enterprise leaders, financial advancement officials, and chambers of commerce, including business enterprise homeowners who have been given help from the grant application.

In accordance to a information launch, George, along with Fort Bend County Commissioners, allocated $25 million in federal funds offered by the CARES Act and amplified these funds two times throughout the fiscal yr of 2020.

On April 27, by means of an allocation of cash from the American Rescue Prepare Act, the court docket accredited an more $46.4 million, bringing the fund to $71.4 million to aid the county’s smaller company group.

Through the news convention, George emphasized the have to have and importance of supporting community tiny businesses, and to “help them with the funding necessary to bring their personnel again to operate and get their businesses back again into total procedure.”

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“Our little firms have faced unparalleled issues this earlier calendar year, and we have stepped up to present them the help they want when jumpstarting Fort Bend County’s economic restoration,” George stated. “Their good results is our county’s good results. I was speaking to a restaurant operator who explained the only cause why he is in company now is mainly because of the aid he obtained from the county.”

In addition to the crisis grant system, the county introduced an additional plan to aid tiny firms — significantly minority and disadvantaged organizations that did not obtain PPP loans — by partnering with Carter Brothers Consulting to enable flip matters all over.

George said he would continue on to work and offer “pathways of support” for enterprises in will need.

Purposes are currently getting accepted for the Small Company Grant System at FortBendCountyTX.gov.

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