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Clear Lake Shores, TX – Wednesday, March 25, 2020 - The Clear Lake Shores Economic Development Corporation and City Council approved today an Emergency Business Retention Program in response to the Declaration of a Local State of Disaster by the City of Clear Lake Shores and the Declaration of a State of Disaster by the State of Texas.
The Emergency Business Retention Program will support small businesses in Clear Lake Shores impacted by COVID-19 outbreak. The Program will provide expenditures to qualified applicants whose business maintains a physical business address within the City limits of Clear Lake Shores that is not based in a home or residence, generates sales tax revenues that benefit the City of Clear Lake Shores, and has fifty (50) or fewer employees. The grants shall be available to pay up to two months’ salaries, rent, utilities and other normal operating expenses up to a maximum of twenty-five thousand dollars ($25,000). The total funding for the Program shall be capped at two hundred fifty thousand dollars ($250,000).
To apply for the Emergency Business Retention Program, the business must:
All applications will be reviewed and approved by a three‐person committee comprised of two (2) EDC board members and one (1) city council member. The committee may apply other rules to an application in order to conform to State law. Grants will be awarded on Tuesday, March 31st and funded by Friday, April 3rd.
To download and submit application form, please visit www.clearlakeshores-tx.gov/retentionprogram. If you require additional information, please contact City Administrator Brent Spier via phone or email at BSpier@clearlakeshores-tx.gov or 281-334-2799 ext 200.
The mission of the Clear Lake Shores Economic Development Corporation is to promote, assist and enhance the economic development activities and quality of life opportunities within the city that promotes economic development. “If our local businesses are successful, our City will grow and our community will have a better quality of life,” EDC President Charles Scoville said. “Many small businesses will be negatively impacted by the spread of the COVID-19 and we want to support our own as much as we can.”
On Monday, March 24th, Galveston County issued a stay-at-home order that requires all Texas bars, gyms, and restaurants to close and all residents to remain at their place of residence.
The good news is that there are different ways we can support our local business during the coronavirus pandemic while maintaining social distancing:
On Friday, March 20th, Governor Greg Abbott announced that the U.S. Small Business Administration (SBA) has included the entire state of Texas in its Economic Injury Disaster Declaration and granted access to its Economic Injury Disaster Loan (EIDL) program, which will provide long-term, low-interest loans to qualifying businesses across the state. Texas small businesses who believe they may be eligible for an SBA EIDL should visit www.sba.gov/disaster where they can directly apply for assistance. The online application is the fastest method to receive a decision about loan eligibility.
We must remain vigilant, follow the guidelines recommended by the CDC and maintain social distancing when possible. The City will continue to update residents regularly about future closures and impacts to the community through the City’s website and social media pages.
Clear Lake Shores is resilient, we will get through this together.