YEDC Year in Review

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The Yoakum Economic Development Corporation (YEDC) concluded its fiscal year September 30 by successfully providing twenty one (21) matching grants to local businesses and non-profits.   In total, YEDC expenditures of about $320,000 were made in six grant categories.  Retail Enhancement grants, the most common, are designed to stimulate retail activity.   Examples include exterior paint and signage at Town & Country cleaners; exterior paint and serving stations at H&H Bakery; and painted signage at Soehnge Do It Center.   Business District Preservation grants are designed to help protect the integrity of historic downtown buildings while improving tenant potential.  The St Regis Hotel removed its second and third story covers to expose the windows for the first time in over 50 years.   Now serving as an antique resale store, the owners’ plans include apartments in the upper floors.   A Community Service grant was utilized when the health department required the First Baptist Food Pantry to install a covered area for the fresh food they provide.  A YEDC Expansion grant helped support the Circle Y Saddles manufacturing consolidation, resulting in eighteen (18) new employees on the Yoakum payroll and a new 30,000 square foot warehouse.  Finally, the Yoakum General Store used a General grant to rehabilitate the old Yoakum Gin, providing local employment and additional shopping opportunities.   All YED grants are subject to grant guidelines, funds availability, and YEDC board approval.   Interested parties should contact chuckdart@cityofyoakum.org

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