NEWS
Saving local businesses county banks help with PPP
By BARBARA GREEN
editor@bowienewsonline.com
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
editor@bowienewsonline.com
The City of Nocona has been nominated as a rural Opportunity Zone by Texas Governor Greg Abbott and Mayor Christopher Nunneley said they will begin “pitching” this federal tax angle to potential businesses.”
At a Tuesday afternoon press conference Nunneley, Donna Culpepper, executive director for the Nocona Economic Development Corporation and Michelle Page of the Nocona Chamber of Commerce announced the nomination and offered a brief overview of the federal tax incentives that can become available.
Read the full story in the Thursday Bowie News.
Remember Sept. 11 2001, 25 years later
While history will remember Sept. 11, 2001 among the darkest days in America’s history, it also is a day marked not only by tremendous heroism and bravery by first responders, but also every day Americans from all walks of life who showed the world our country would not be intimidated by terrorism.
There were 2,996 people killed during the attacks on Sept. 11, 2001 including 343 firefighters and paramedics, 23 New York city police officers and 37 Port Authority police officers. Tens of thousands more suffered in the aftermath due to exposure to chemicals and industrial debris.
The Bowie News editor asked some local lawmen, firefighters, a pilot and two retired FBI agents their memories of this tragic day and how their jobs were impacted by the events. We thank them for sharing their reflections.
Read the full feature in your Thursday Bowie News.
By BARBARA GREEN
editor@bowienewsonline.com
Looking toward the future, the Bowie City Council Tuesday night voted to add an assistant city manager position promoting Public Works Director Stony Lowrance to the job.
The agenda listed an executive session to discuss evaluation of the city manager. Councilors went to closed session at 6:30 p.m. and 15 minutes later asked City Manager Bert Cunningham and Lowrance to come in. After 15 minutes they left the session and a few minutes later the full council came back to open session.
Councilor Brent Shaw, in making the motion for the assistant city manager, pointed to expanded duties the manager has undertaken. Councilor Boyd Hulstine made the second as the vote received unanimous approval.
Read the full story in the Thursday Bowie News.
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