After Hurricane Harvey, Texas property owners qualified for tax breaks if their homes or commercial buildings were damaged. While Governor Gregg Abbott has declared a public health disaster, owners of commercial property should not expect a property tax break as a result of the COVID-19 pandemic. HB497, signed during the 86th Texas Legislature, … [Read more...]
COVID-19
Commercial Property Tax Relief Not Likely
Four Ways the Texas Rangers are Giving Back
Arlington is the Entertainment Capital of North Texas, and the Texas Rangers are proud to call it home. Since the 1970s, the Texas Rangers have been a source of Arlington pride. Not only do they entertain us, but the Texas Rangers also represent our community’s values. While their season is delayed, the team is spending their time coming together … [Read more...]
Governor Abbott, Goldman Sachs, LiftFund Announce $50 Million in Loans For Texas Small Businesses
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 … [Read more...]
PeopleFund Offers 0% Interest Loans to Small Businesses
The Chamber is dedicated to providing our members with up-to-date information and resources. We want to make our members aware that they may qualify for a loan from PeopleFund, a non-profit organization. PeopleFund creates economic opportunity and financial stability for underserved people by providing access to capital, education and resources … [Read more...]
Federal Government Provides Cash Cushion for Small Businesses
Businesses are receiving a lot of support and funding opportunities from the Federal government. To navigate your options as a small business, it is essential to understand the implications of each relevant piece of legislation. In response to COVID-19, three pieces of legislation were signed into law this month. Referred to as Phase 1, 2 and 3, … [Read more...]
Don’t Lay Off Key Staff Quite Yet. Let’s Figure out the CARES Act First.
Today the President signed the CARES Act which is the Phase 3 response to the Corona-virus pandemic. Understanding the total impact of the bill will be evolving over the next few days. The big news seems to be that we will get some relief for employee payroll and benefit costs for the next 8 weeks. DON’T LAY PEOPLE OFF QUITE YET! If we read … [Read more...]