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COVID-19 Resource Update for Pearland Businesses

For Immediate Release
January 13, 2021

Melissa Black
Pearland Economic Development Corporation

COVID-19 Resource Update for Pearland Businesses

 PEARLAND, Texas — The City of Pearland and Pearland Economic Development Corporation (PEDC) are committed to providing information as it becomes available on programs from federal and state resources that may lessen impact of COVID-19 on our local employers. Recently, the City of Pearland partnered with PEDC and LiftFund to award $857,000 of its CARES Act allocations to local businesses through the COVID-19 Recovery Grant Program.

The federal government recently approved additional COVID assistance with the 2021 Coronavirus Response and Relief Supplemental Appropriations Act (Act). Key provisions in the Act include additional Paycheck Protection Program (PPP) loans for businesses that did not receive funding in the previous round and a “PPP second draw” loan for smaller and harder hit businesses. To qualify business for a second draw, businesses must demonstrate a least a 25 percent reduction in gross receipts during a quarter in 2020 compared to the same quarter in 2019. The previous PPP round provided $110 million to businesses in the 77581 and 77584 zip codes in Pearland. The Act will also provide additional funding to the Economic Injury Disaster Loans (EIDL).

The Act also includes direct payments of $600 to most Americans, revives a weekly pandemic jobless benefit boost, this time $300, through March 14, and extends eviction protections and adds a new rental assistance fund.

PEDC is working in partnership with local organizations including the Pearland Chamber of Commerce and San Jacinto Small Business Development Center to assist our small businesses in understanding the resources available. Highlights of programs available for local employers with links to additional resources can be found at pearlandedc.com/covid19


About PEDC

Established in 1995, the Pearland Economic Development Corporation promotes, assists and enhances the economic development activities and quality of life within Pearland, Texas. In bringing new and existing businesses to the area, the organization attracts capital investment to add to the city’s tax base and helps to increase the number of employment opportunities for residents. For more information on PEDC, visit pearlandedc.com.