(956) 682-2875     info@mcallenedc.org

Governor Greg Abbott today announced that Goldman Sachs and the LiftFund, along with other community development financial institutions (CDFIs), are partnering to provide $50 million in loans to small businesses in Texas that have been affected by COVID-19 as part of the Goldman Sachs 10,000 Small Businesses program. These loans, made through the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP), will primarily be used for payroll so that employees can continue to receive paychecks and small businesses can retain their employees and will be partially or wholly forgiven. "Small businesses and their employees are at the heart of the Texas economy, and they need support during these difficult times,” said Governor Abbott. “These loans will help us revitalize our economy and restore Texans’ livelihoods as we respond to COVID-19." Link to Press Release: https://gov.texas.gov/news/post/governor-abbott-goldman-sachs-liftfund-announce-50-million-in-loans-for-texas-small-businesses

About us

Founded in 1988 the McAllen Economic Development Corporation ( or MEDC) is a non profit corporation funded by the City of McAllen to generate job growth by attracting new industry and helping existing companies to expand. Part of McAllen’s success has been the explosive growth of Reynosa, Mexico. Just across the United States – Mexico border, both communities have collaborated to create one of the most recognized industrial sectors home to several fortune 500 companies. The MEDC is committed to being a single point of contact to industrial businesses; whether your manufacturing needs are in McAllen or Reynosa, we provide services at no cost to the companies seeking cost effective manufacturing strategies to maintain a competitive edge in today’s global economy.

6401 S 33rd Street
McAllen, Texas 78503
info@mcallenedc.org
(956) 682-2875

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