The Rio Grande Valley’s economic recovery from the COVID-19 crisis will be prolonged. It could take 12-to-18 months, at the minimum, said leading bankers and economic development specialists. They say the recovery from the widespread business shutdowns this spring will stretch well into 2021. Recovery will also be dependent on one key factor. “It’s all going to depend on how we contain COVID,” said David Deanda, the president of Lone…
A nonprofit executive like Traci Wickett has connections everywhere in a community. The president and chief executive officer of the United Way of Southern Cameron County heard from Brownsville’s Good Neighbor Settlement House about growing needs they were seeing as furloughs and unemployment set in with the outbreak of COVID-19. The demand for served meals and emergency pantry items doubled in less than one week in early April. “Unemployment sent…
“Be prepared, not scared. Be proactive, not reactive.” ~ Stuart I.R. Haniff. When your mission is to fight hunger and to feed hope, countless people in your community are relying on you to be prepared. Stuart I. R. Haniff, the chief executive officer of the Food Bank of the Rio Grande Valley Inc., took that mission to heart in preparing his organization’s response to the COVID-19 crisis. Haniff and his…
Leadership Mid-Valley Class XV is currently offering 20 $500 mini-grants to Mid-Valley businesses that are Weslaco Chamber Members. Applications are available online through June 3. Businesses will be selected by a lottery system on Facebook live on June 15. “These times have resulted in economic hardship for millions of small businesses throughout the United States and there is no better time to give back to our very own,” LMV Class…
During these rough times, the Alamo Economic Development Corporation continues to offer its programs to aid businesses in Alamo. One of the EDC’s most popular options is the Micro-Loan Program. The creation of the Micro-Loan Program came in order to help local business owners with storefront improvements, repairs and renovations. This program now utilizes a micro-loan as working capital to help alleviate operating costs that business owners have trouble covering.…
UTRGV is now offering a Fall/Spring Relief Package which will provide eligible students with up to $1,500 in financial assistance during the 2020-21 academic year. The funds come through a combination of CARES Act funds and university funds. Starting This Fall: All enrolled eligible students will receive a $500 CARES cash grant they can use to defray expenses they may have incurred while attending school during the pandemic. This includes…
The annual celebration of high-school theater in the Rio Grande Valley, the Palm Awards is going online. Event organizers of the Palm Awards will livestream the awards show May 24 at 3 p.m. on the Palm Awards Facebook page, on TV (Somos El Valle channel 5.2 or cable 1240) and also streaming online. “The Palm Awards is the ultimate celebration of high-school theater in our region, with over 1,700 in…
In this time of online teaching, one Mercedes teacher took a day off on May 8 to instruct her students in person. Donning gloves and a face mask while carrying around a large bottle of hand sanitizer, Mercedes High School physics teacher Roxana Merino stepped out to help some of her students with their assignments. Merino first set a block of time in the morning to teach and/or tutor her…
The Harlingen Economic Loan Program for Small Business committee convened May 13 to review and consider more than 60 loan application submissions. Applications come from businesses experiencing a more than 25 percent economic loss during the current crisis versus last year’s revenue. The committee also evaluated the required documentation, including financial information, in order to make a fair decision. In April the Harlingen EDC board set aside $1,000,000 to fund…
The Port of Brownsville ranks third among U.S. ports for “strong financial resilience” surveyed in a new report issued by Moody’s Investor Services. This underscores the ongoing value of the port’s prudent financial stewardship in light of economic impacts from the COVID-19 pandemic. Moody’s analysis evaluated American ports on a range of key factors surrounding financial responsibility. This includes the ability to handle the impact of a significant decline in…