BRYAN, Tex. (KBTX) – Bryan-Faculty Station Chamber of Commerce President/CEO Glen Brewer joins First Information at 4 twice per week to offer an area financial replace.
On Thursday, Apr. 16, Brewer highlighted the quantity and quantities of Small Enterprise Administration loans going to Brazos County companies.
Brewer says the SBA reported to him that 442 SBA loans have gone to Brazos County companies, and 70% of these SBA loans are for lower than $150,000.
“So we all know that some cash is getting by means of to our small companies,” stated Brewer.
Brewer has been working with the mayors of the Twin Cities to develop a plan to reopen the native financial system.
“However we wish to do it safely,” stated Brewer. “We will be working with these guys on a plan to soundly open these companies and ensure we will get again to doing what we do finest.”
When requested what would occur to the native financial system if Texas A&M College and Blinn Faculty didn’t return to on-campus courses this fall, a call which has not been made, Brewer stated, “devastating might be an understatement of what it will do to our financial system.”
Nonetheless, Brewer says he is holding out hope that the scenario would not name for that type of motion.
“I am glad they’re fascinated about that, planning for it,” stated Brewer, “however we’re actually hoping that with the progress they’re making, we anticipate issues working higher, getting a pleasant gradual restart and ensuring our numbers are down by way of COVID-19 impression.”
For the total dialog, see the video participant above.
