About 92% of businesses surveyed in Sugar Land experienced a decline in business due to COVID-19.
Here is how you can join the COVID-19 Registry and shape Fort Bend County's response to the coronavirus pandemic.
Texas Comptroller Glenn Hegar said the state entered the era of the coronavirus in a healthy financial situation, which bodes well for the future as reopening continues, but that Texans are not out of the woods yet.
The University Interscholastic League released guidelines for allowing sports workouts and marching bands to practice.
The previous high for the Greater Houston area's unemployment rate was set in January 2010 at 8.7%.
Texas state agencies and institutions of higher education to expect a 5% reduction in budget plans for the 2020-21 biennium as part of the state's response to the economic ramifications of the ongoing coronavirus pandemic.
Jon Hockenyos, founder and president of economic analysis and public consulting firm TXP, attributed Missouri City’s increase in sales tax revenue to people shopping locally since they are not commuting out of the city for work.
The agency expects to use at least $180 million in CARES Act grant funds to cover revenue losses.
“Small businesses are having to pivot, and we are seeing that. We are having businesses that had one business model that had to change," said Adriana Cruz, executive director for economic development and tourism in the Office of the Texas Governor.
Officials anticipate drawing from federal funds to ensure no delays in benefit payments.
Plano-based J.C. Penney filed for bankruptcy protection May 15, a move the company said would help it navigate the difficult business climate during the ongoing coronavirus pandemic.
Nationwide sales of retail, food services plummet in March, April amid social distancing, stay-at-home orders
As many businesses are operating on decreased capacities or have shut down completely, one side effect is a dip in monthly sales for retail and food services.
Businesses affected by the coronavirus have received more than $145 million in Paycheck Protection Program loans from two Houston-area banks.
Of the 23,197 layoffs reported in the Gulf Coast region , 76.2% of them were within Harris County, followed by 15.4% in Fort Bend County.
As the ongoing coronavirus pandemic and oil and gas downturn continue to cripple the Greater Houston area's economy, Patrick Jankowski, vice president of research for the Greater Houston Partnership, said in a May 12 webinar that he suspects the local economy will not return to its pre-coronavirus state until mid-2021 at the earliest.
Unemployment numbers hit a record high in April, the highest level recorded since 1948, when these reports were first issued.
The funds raised will be distributed to nonprofits, school districts and government organizations across Texas to help promote economic development, health care and education.
The city of Sugar Land will collect $4.2 million in sales tax revenue in May, a 9% drop compared to what the city collected in May 2019.
Sales tax revenue collected by the state of Texas in April totaled $2.58 billion, a more than 9% drop compared to April 2019,
A ZIP-code snapshot of claims as of April 27 shows that some areas are feeling the economic effects more harshly than others.
43.39% of restaurant owners choosing to reopen dine-in service May 1, Texas Restaurant Association survey shows
Texas restaurants have not been permitted to offer dine-in services since mid-March but could start again beginning May 1.
This initiative is part of a larger effort to gradually reopen businesses across the state following closings due to the coronavirus, but only a few Houston-area theaters are planning to reopen so soon.
Houstonians can expect to continue seeing an elevated level of unemployment claims in the coming weeks.
As some Texas restaurants and businesses prepare to reopen with limited occupancy starting May 1, to-go alcohol sales will be allowed to continue, according to the Texas Alcoholic Beverage Commission and Gov. Greg Abbott.
The resolution urges state officials and the Fort Bend Central Apprasial District to take action to provide financial relief.