Restaurant Revitalization Fund

This program provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.

The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

For more information click here

Small Business Administration Paycheck Protection Program

The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Borrowers may be eligible for PPP loan forgiveness.
In order to reach the smallest businesses, SBA will offer PPP loans to businesses with 20 or less employees and sole proprietors only from Wednesday, February 24 through Wednesday, March 10, 2021.
For more information, including finding a lender, please visit: https://www.sba.gov/…/coron…/paycheck-protection-program

U.S. Small Business Administration News:

This week, SBA announced that the deadline to apply for a COVID-19 pandemic Economic Injury Disaster Loan has been extended to December 31, 2021.

To date, SBA has approved $197 billion in low-interest loans, which provide U.S. small businesses, non-profits, and agricultural businesses working capital funds. Economic Injury Disaster Loan applications will continue to be accepted through December 2021, pending the availability of funds.

Loans are offered at affordable terms, including a 3.75% interest rate for small businesses and 2.75% for non-profit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin. All eligible small businesses and nonprofits are encouraged to apply.

Learn more and apply for an Economic Injury Disaster Loan

Robstown Improvement Development Corporation (RIDC) is a non-profit corporation aimed at providing economic development efforts in the City of Robstown. The corporation manages the 4B-Sales tax, and is governed by a Board of Directors consisting of seven board members and an Executive Director

P O Box 872
Robstown, Texas 78380
Phone (361) 387-4589

 

 

RIDC Board Members:

Balde Torres, President

Larry Cantu, Vice-President

County Commissioner John Marez, Secretary

Mayor Gilbert Gomez, Member

Port Commissioner Rajan Ahuja, Member

Ninfa Trevino, Member

 

Beatriz Charo, Executive Director

CONTACT
Ph: 361-387-4589
Fax: 361-387-6346

101 E. Main Street
Robstown, Texas 78380

Hours
Monday – Friday
8:00 am – 5:00 pm

RIDC 4/12/2021 RIDC 9/17/20 RIDC EB5 9-17-2020

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