NACOGDOCHES, Texas (KTRE) - The City of Nacogdoches is allocating $90,000 of the CARES Act money to assist businesses hard hit by COVID-19 expenses.
It’s really geared towards businesses that were subject to closure due to COVID-19," explained Larissa Philpot, NEDCO’s CEO.
A business reporting a loss in revenue is also eligible to apply.
Banks are spreading the word to their business customers to apply now.
“Many of them are operating at 50-percent occupancy, and no matter what your business is, you’re seeing less foot traffic,” said Francis Spruiell, president of Austin Bank.
The Fredonia Hotel hasn’t made a decision toward applying, but assistant general manager Ryan Russell knows from experience about those unplanned expenditures.
“Just the extra cleaning supplies and sometimes it even takes more staff to manage and kind of follow certain procedures, so those costs definitely have been added,” Russell shared.
Awards will range up to $10,000. None of it has to be paid back.
“Amounts are based on the size of the business,” Philpot said.
The one-page application is online at nactx.us/cares-grant. The deadline is Sept. 25 at 5 p.m.
“First come, first completed, first-serve basis, so everything gets time-stamped,” Philpot said.
NacCARES may be the answer to keeping the doors open.
“This is the first we’re hearing of it, and we think it is so amazing that Nacogdoches is doing this,” said Shelby Edwards, manager at Texas Size Bling. “Truly blessed to be a part of this community, and we are definitely going to look into it.”
Click here for requirements and to apply. Applications close at 5 p.m., Sept. 25.