Tag Archives: Juan J. Serrano

Weslaco EDC Assists Businesses With Much-Needed Loans

Community e-Brief Features Featured News Comments
Small businesses in Weslaco are the recipients of a special loan/grant program from the city’s EDC.

The Weslaco Economic Development Corporation has awarded 37 local businesses with financial assistance from its small business loan/grant program. The program was announced in early May to help small businesses cope with the fallout of COVID-19 hardships. The EDC said the loan/grant program helps with payroll, mortgage, rent, utilities and basic operation costs.  “The growing economy in Weslaco has based its success on the traditions set by our small business…

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Containing COVID Is Key To Economic Recovery

Finance/Banking News Comments
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…

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