Director of Economic Development
5803 Thunderbird Drive
Lago Vista, TX 78645
Economic Development overview
Lago Vista invites its development allies to grow with us.
Vision : Offer a high quality of life and an exceptional business climate for every Lago Vista resident.
Mission: To improve the economic climate and quality of life of the Lago Vista community through the recruitment of new industries, the retention and expansion of existing businesses and fostering and encouraging new small business startups through Lago Vista's entrepreneurial development spirit.
Goal: Facilitate the Creation of Quality Primary Jobs
Goal: Retain & Expand Local Businesses
Goal: Foster A Sustainable Quality of Life
LAGO BUCKS - LAGO ECONOMIC RECOVERY PROGRAM
The City of Lago Vista and Mayor Ed Tidwell have developed the Lago Economic Recovery Plan - LAGO BUCKS - in response to funding provided to the City as part of the CARES Act - the Coronavirus Relief Fund.
The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, SBA will issue under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration.
CARES Act - Emergency Economic Relief
On March 27, 2020, President Trump signed H.R. 748, the Coronavirus Aid, Relief and Economic Security (CARES) Act, into law, following swift passage in the House of Representatives by voice vote, and one day after the U.S. Senate passed the bill in a unanimous 96-0 vote. The CARES Act is a $2 trillion stimulus package that addresses the devastating economic and societal impacts of the COVID-19 pandemic. It includes many funding measures that directly benefit the railway industry—all modes, freight, and passenger.
CARES Act Package
The Small Business Owners Guide to the CARES Act
Texas Economic Development Business Resources
Economic Injury Disaster Loan (EIDL) and EIDL Advance loan
UPDATE - June 15, 2020
The U.S. Small Business Administration reopened Economic Injury Disaster Loan (EIDL) and EIDL Advance loans to all eligible businesses on June 15, 2020. This change was made after applications were closed to non-agricultural small businesses in late May. The EIDL is designed to provide long-term, low-interest loans to small businesses and non-profit organizations that are suffering substantial economic injury as a result of COVID-19. Organizations looking for more information and application instructions can visit the SBA's Disaster Loan Webpage.