ODESSA, Texas (Big 2/Fox 24) – The pandemic may be far from over but small businesses have been suffering for months, prompting the Odessa City Council and the Development Corporation to come up with more relief for small business owners.
Wesley Burnett, the Director of Economic Development said, “They’re the backbone of the economy, they’re the backbone of what is going on in Odessa. They are going to be the most impacted by what is currently going on so we really need to make sure we are trying to do something.”
He said that the last thing they want to do is make things more difficult for small businesses and want to vote on the final plan as early as next week.
“We don’t want to make it so complicated that it again keeps people from applying. We don’t want the amount of funds to be either insignificant or the funding run out before everybody that can be helped is helped. Moving forward with a loan or grant program but also possibilities set aside certain funds for emergencies,” said Burnett.
These funds will be specifically for business owners that missed out on PPP Loans. The Director of Economic Development said, “Trying to make sure they make it through this time and become stronger and hopefully better after this is over and we all hope this is over very quickly.
“We’ve heard nothing but ‘yes we need something’ and ‘yes we need to do something and the sooner the better’ so we are aware of that,” he said.