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From Remie Ramos, Executive Director of the Fort Stockton Economic Development Corporation

Good Morning Everyone,

In this troubling time, now more than ever, it is critical that we stay aware of anything that could possibly be available to help our citizens and economy. As of this morning, we are still waiting on the disaster declaration for the State of Texas that will make the SBA Economic Injury Disaster Loans available to Texas businesses impacted directly or indirectly by the coronavirus.

This declaration is not automatically statewide, therefore it is extremely urgent that we identify any businesses that may be impacted in Fort Stockton and Pecos County. Please forward this information to any business owners that you know.

The Governor’s office is asking that affected businesses complete the Economic Injury Worksheet found here: https://tdem.texas.gov/covid-19/.

Please share this link with any of your commercial customers that have been impacted by the coronavirus. You may also direct them to the following resources:

SBA Disaster Assistance in Response to Coronavirus: https://www.sba.gov/disaster-assistance/coronavirus-covid-19

Guidance for Businesses and Employers: https://www.sba.gov/page/guidance-businesses-employers-plan-respond-coronavirus-disease-2019-covid-19

They are encouraging all businesses that have been impacted to sign up for Email Alerts and follow their office on Twitter. Once a declaration is made, they will announce it through both of these avenues.

Economic Injury Disaster Loans
If you have suffered substantial economic injury and are one of the following types of businesses located in a declared disaster area, you may be eligible for an SBA Economic Injury Disaster Loan (EIDL):
  • Small Business
  • Small agricultural cooperative
  • Most private nonprofit organizations
Loan Amounts and Use
Substantial economic injury means the business is unable to meet its obligations and to pay its ordinary and necessary operating expenses. EIDLs provide the necessary working capital to help small businesses survive until normal operations resume after a disaster.

The SBA can provide up to $2 million to help meet financial obligations and operating expenses that could have been met had the disaster not occurred. Your loan amount will be based on your actual economic injury and your company's financial needs, regardless of whether the business suffered any property damage.

The Fort Stockton EDC office will continue to correspond with SBA and Texas Comptroller’s office relaying the most up to date information to our citizens that could possibly assist them. If you have any questions I can be reached at the numbers below.



Remie A. Ramos
Executive Director

Fort Stockton Economic Development Corporation
1000 Railroad Ave.
Fort Stockton, TX 79735
edc@fortstockton.org
Office: 432-336-2264
Cell: 432-251-9675
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