NEWS
Saving local businesses county banks help with PPP
By BARBARA GREEN
[email protected]
Montague County small business owners are taking advantage of the Coronavirus Paycheck Protection Program receiving and anticipating loans to help pay their employees until they are able to return to some semblance of normal working conditions.
A new block of funding, $480 billion, has been approved by the Senate and House this week and could come into play as soon as next week. The new package includes $310 billion for PPP with $250 billion refilling the program and $60 billion set aside specifically for smaller institutions like credit unions and community banks.
Across the nation’s main streets the mom and pop shops, diners, hair dressers and others have had to close temporarily, lay off or release employees creating unprecedented unemployment in the county. In Texas alone more than 300,000 unemployment claims have been filed.
A National Federation of Business Research Center survey showed 92 percent of small employers are negatively impacted by the virus outbreak. Almost all small employers are now impacted by economic disruptions from COVID-19 with only five percent stating they are not currently affected. That could change if it continues to spread and businesses remain closed.
Read the full story in your weekend News on how area banks are responding to their small business customers need to apply for federal assistance related to COVID-19.
The 90-day ban on outdoor burning has expired in Montague County, but residents are urged to still exercise caution when burning. Those who plan large burns are asked to call the sheriff’s office at 8994-2871, ext. 1, to let the staff know in the event emergency fire calls come in.
Sunday, 7:00 a.m. Update – Lake Amon Carter is now at 922.80 feet, which is 2.80 feet above what is normally considered as “full”. Because of this flooding, Lake Amon Carter has been closed for boating. Selma Park has also been closed (due to electrical outages caused by the flooding). Both will reopen as soon as the water level is back below 922.00 feet.
Members of the Montague County Commissioner’s Court will meet at 9 a.m. on Nov. 12, instead of Nov. 11 due to the Veterans Day holiday.
The Tuesday agenda is filled with routine items. A pair of bills connected to the development of the sewer plant for the courthouse and jail complex will be considered.
One is for $620 to the Texas Commission on Environmental Quality for a permit fee for the septic system and the second is $6,400 for clearing brush and a fence row around the sewer plant property. Both bills will be paid for using American Rescue program grant funds.
The court will consider adjusting pay for two sheriff’s office positions utilizing the Senate Bill 22 grant. The sheriff’s office also has received unanticipated revenue of $1,768 from the Law Enforcement Partners to go into supplies and $250 from David and Marie Dooley to be put into training.
Precinct one will present an equipment lease agreement with First National Bank leasing of Wichita Falls for the purchase of a 2025 Mack P164T truck. Precinct two will seek to accept a $5,000 donation for paving Orchard Road.
Two replats for Silver Lakes Ranch will be offered and the court will consider approving North Starr Estates Subdivision in precinct three.
The Montague County ban on outdoor burning runs out on Nov. 12 and the court is expected to let the order run its 90 days.
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