Tag Archives: Harlingen EDC

HELP FOR Small Business Deadline Sept. 30

The HELP for Small Business initiative continues to take applications until Sept. 30. The program began in late spring with the City of Harlingen and the Harlingen EDC recognizing the need for help as the COVID-19 pandemic took a toll on the business community. That prompted the Harlingen EDC board of directors to set aside $1,000,000 to fund HELP for Small Business. The program had successfully assisted many small businesses.…

Read More

Harlingen HELP Still Available to Small Businesses

Carol and Charles Law of Chuck’s Icehouse Volleybar & Grill are recipients of HELP for Small Business. (courtesy

On July 28, the Harlingen Emergency Loan Program for Small Business committee gave approval to seven local businesses for business loans. The qualifying businesses’ approvals ranged from $7,000 to the maximum amount of $10,000. This is the fifth round of HELP for Small Business recipients. Raudel Garza, Harlingen EDC CEO, says the program will continue until the allotted $1 million funds are used, or the program is discontinued. The program began…

Read More

Harlingen Loans Support Local Businesses

Small businesses in Harlingen can seek emergency loans through an EDC program to help during the COVID-19 crisis.

The rush to apply for and receive emergency federal funds during the COVID-19 crisis didn’t reach everyone. The result of the first come/first serve component of the Small Business Administration-affiliated loans is many American businesses left out of the funding loop. In Harlingen, city leaders and the economic development corporation are doing something about it. The EDC put aside $1 million in funding in establishing Harlingen’s Emergency Loan Program, HELP.…

Read More

Containing COVID Is Key To Economic Recovery

Restaurants and retailing have been hurt badly by COVID-19 outbreak and business shutdowns. (VBR)

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…

Read More

Harlingen Moves Forward Aiding Business

Harlingen Economic Loan Program

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…

Read More

Harlingen Launches Small Business Loan Program

The City of Harlingen and the Harlingen Economic Development Corporation have established the Harlingen’s Emergency Loan Program (HELP) for Small Business with $1,000,000. The HEDC will provide the emergency loans at zero interest to qualified businesses. Repayment of the loans will then start a year after fund disbursement. “Our business community is so interconnected and when businesses are hurting, it impacts others as well,” says HEDC President Mickey Boland. “The decision…

Read More

Harlingen EDC Supports Moving Business

TPPS New Investment Incentive

Texas Plating & Polishing Solutions recently received a $25,000 New Investment Incentive from the Harlingen EDC. The funds will help cover moving costs to TPPS’s new facility in the Harlingen Industrial Park. TPPS provides chrome, polish and nickel for the plastic injection mold industry. The company services customers both in the United States and in Mexico. It creates molds for automotive, appliance and medical companies. Owner and President Jose J.…

Read More

EDC Sells Interest in TSTC University Center

The Harlingen Economic Development Corporation has sold its interest in the University Center building on the Texas State Technical College for $4.4 million. The 38,000-square-foot building first opened its doors in August 2011. Since then, Harlingen residents and the region the opportunity have had opportunities to attend major universities without leaving the area. Currently the center partners with four universities: University of Texas Rio Grande Valley, Texas A&M University-Kingsville, Texas A&M…

Read More

The South Texas Boom Is Here

Opportunity Zones, best practices for investment and community development, and international development were just a few of the topics discussed at the STCAR First Annual Commercial Summit on June 4 in San Antonio. Attendees were enlightened of facts, opportunities and tools to take advantage of while the Texas boom, particularly the South Texas boom, is hot. South Texas Commercial Association of REALTORS, which services 44 counties, brought together a stellar group…

Read More

Harlingen Industrial Property Focus of Podcast

A sign depicting a rendering of what the new CARDONE 920,000-square-foot distribution center will look like stands on its 65-acre site. (Courtesy)

Harlingen Economic Development Corporation‘s podcast, The Big Opportunity, is now live and explores how interest in industrial property in the Harlingen area is on the rise. Topics range from construction of CARDONE Industries’ new $50 million, 920,000-square-foot Harlingen distribution center to the Harlingen Aerotropolis. Also part of the discussion are the Park at Roosevelt and industrial property availability in the Harlingen Industrial Park. Raudel Garza, CEO of the HEDC, as well as…

Read More