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.
By BARBARA GREEN
[email protected]
The Bowie City Council welcomed three newly-elected members Tuesday night and the panel had its annual council orientation of duties presented by the city attorney.
Brandon Walker and Laramie Truax took the oath of office for their respective seats during the meeting. Laura Sproles was sworn in prior to the meeting as she was enroute to the hospital after a fall at home where she injured her hand and wrist. All the candidates had to take the oath by Tuesday night after the votes were canvassed.
City Attorney Courtney Goodman-Morris made the presentation on council duties and obligations, as well legal requirements. Brent Shaw was elected as mayor pro tem.
Read the full story in the weekend Bowie News.
By BARBARA GREEN
[email protected]
Trustees of the Bowie Independent School District welcomed one new member this week following the Nov. 5 election and accepted the 2023-24 outside audit with no exceptions.
Incumbent Trustee Jacky Betts returned to place one and Angie Christmas took the place two seat. After the board officers were dissolved with the new ones taking the oath, officers were elected. Betts will continue as president, Guy Green as vice president and Kent Dosch as secretary.
Paul Fleming of Edgin, Parkman, Fleming & Fleming, PC, presented the audit telling there were no issues and the process went smoothly. He noted the biggest change was the Legislature compressing the district tax rate and additional changes in the tax law. State aid formula grants increased due to the state’s funding formula compensating for lost property tax revenue due to the law change previously mentioned.
Read the full story in the weekend Bowie News.
By BARBARA GREEN
[email protected]
Information was the watchword for the second hospital/emergency room community meeting Tuesday night, as the steering committee was announced along with additional financial considerations.
About 50 people attended the meeting. Melody Gillespie, who was named chairperson for the committee, said the goal is to gather information to get it out into the community. This group was formed after the Bowie emergency room was closed by Faith Rural Health System in early October just shy of one year of operating in Bowie.
Kylie Ward, one of the public relations volunteers, said, “This committee is not here to force things on you and there are assumptions already we are proposing a tax. We are not, we don’t have that ability, we are just a research team here to explore all the options.”
Other members of the committee include Tiffany Chandler and Damon Benton handling finance and grant research; Jennifer Tellef, secretary; Valerie Tomerson, grant research; Ann Smith, PR and Margin Latham and Gillespie, legislative research. It was pointed out there are other members of the sub-committees who are helping with research, but they also invite anyone interested to help with the process.
Read the full story in the weekend Bowie News.
Top photo – Jack County Judge Keith Umphress spoke at this week’s steering committee meeting. (Photo by Barbara Green)
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