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Board picks 'low-hanging fruit projects' in downtown Marble Falls

Board picks 'low-hanging fruit projects' in downtown Marble Falls
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Marble Falls EDC forgives COVID-19 loans

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Marble Falls EDC forgives COVID-19 loans
Businesses like these on Main Street in downtown Marble Falls were able to apply for COVID-19 emergency loans provided by the Marble Falls Economic Development Corp. The EDC decided to forgive those loans, making them taxable income. Staff photo by Brigid Cooley
The Marble Falls Economic Development Corp. on March 3 voted that city businesses that received COVID-19 emergency loans will not have to repay the money. Forgiving the loans will turn the funds into taxable income for those businesses, said EDC Executive Director Christian Fletcher. ....

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