NEWS
PPP loans help retain 900-plus jobs in the county
By BARBARA GREEN
[email protected]
A large number of retail, service and manufacturing firms across Montague County received payroll protection loans helping them to retain more than 900 jobs from the U.S. Government through the Coronavirus Aid, Relief and Economic Security Act.
CARES was passed to address the economic fallout from the shutdowns and shelter-in-place imposed earlier this spring. More than $600 million of the $2 billion CARES Act was set aside for businesses to protect the jobs on their payroll. Retaining jobs also enabled many businesses to continue whereas they may have been in jeopardy without that assistance.
The list of PPP loans was released by the U.S. Treasury Department after several major newspapers sued the Small Business Administration to have access to that data. The disclosure covers each of the 4.9 million PPP loans that have been made.
According to the SBA the loan categories from $150,000 to $10 million accounted for nearly 75 percent of the loan dollars.
Read the full story in the mid-week Bowie News.
The regular meeting of the Bowie City Council for July 22 has been cancelled. City Manager Bert Cunningham and Mayor Gaylynn Burris will be attending the Texas Public Power Association conference.
City of Bowie officials were on hand to inspect the emergency electrical generators that were delivered last week.
Mayor Gaylynn Burris and City Manager Bert Cunningham inspected one of three emergency electrical generators purchased as part of an ongoing Federal Emergency Management Agency Hazard Mitigation Grant. They also talked with Jay Evans, head of the city electric department, and Jerry Sutton, director of the water treatment plant about the next step for installation of the generators.
This grant provides funding for one 150 kW and two 250 kW generators for use at the water treatment plant.
Read the full story in the mid-week Bowie News.
City Manager Bert Cunningham and Mayor Gaylynn Burris talk with the electric and water department staff about the new generators. (Photo by Cindy Roller)
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