Sugar Land - Missouri City
Stay informed about the latest local news in Sugar Land and Missouri City, including FBISD, Fort Bend County and city council coverage, plus the latest transportation and development headlines affecting your community.
U.S. Small Business Administration lending in Houston during FY 2019-20 amounts to 19 years of typical lending
About 236,000 businesses in the Houston area were approved for assistance from the U.S. Small Business Administration from October 2019-September 2020.
While the effect of the coronavirus on cities’ sales tax revenue has varied throughout the Houston region—with Sugar Land consistently seeing lower revenue compared to the same months a year ago and Missouri City seeing increased revenue—small businesses in the community have felt the financial strain of the pandemic for the past seven months.
However, failing to further develop a talent pipeline in medical expertise would lead to job losses, the report notes.
“Things are looking better,” owner Pat Houck said. “There are a lot of positives out there. Because of my industry, I get a chance to work with a lot of people, and I feel that among the people—they want to help each other.”
While the Greater Houston area has seen a glut of office space for the last six years, Patrick Jankowski said the industrial buildup has happened more in the past year and a half.
The updated spending plan includes $1.5 million for lease and mortgage assistance grants for Missouri City small businesses.
Individual households can be eligible for up to $2,500 per month for two months in rental or mortgage and utilities assistance. Read more about eligibility requirements and how to apply.
Rents for high-end Class A properties averaged $1,463 in August, the lowest such level in over two years.
The Texas Workforce Commission has reported 3.2 million Texans have filed for unemployment relief since mid-March.
Following a new industry guideline recently distributed by the Texas Alcoholic Beverage Commission, more bars across the state may soon be able to qualify as restaurants.
The 2020 U.S. census response rate is already lagging behind 2010 numbers, and officials said the shortened timeline only increases the chances of an undercount.
The Sugar Land Legacy Foundation is providing local businesses with up to $1,000 to help them build a digital presence and remain open during the coronavirus pandemic.
The loss of extra unemployment support could send numbers back down, however.
Q&A: Houston business leader says federal Paycheck Protection Program has ‘made a significant difference’
"The doors [for business assistance] have been opened just about as wide as they can be made because it’s very unusual times," said Tim Jeffcoat, the district director of the U.S. Small Business Administration in Houston.
Some breweries across the state may now reopen as restaurants after the Texas Alcoholic Beverage Commission released new guidelines on how restaurants may calculate their alcohol sales receipts.
Although many local businesses are able to operate at 50% capacity, Gov. Greg Abbott ordered bars to close again and business capacity dropped back down from 75% in late June due to the increase in COVID-19 cases.
As Sugar Land is in its budget planning season during a global pandemic, city staff is bracing for a hit to its annual sales tax revenue, which makes up roughly one-third of the general fund—the primary operating fund for the city.
The state of Texas gained 50,000 new jobs in February, but since the coronavirus pandemic hit, more than 2 million jobs have been lost.
This year sales tax-exempt purchases can be made online, over the phone or by mail.
Despite gains made in early June, Patrick Jankowski, vice president of research for the Greater Houston Partnership, said the Greater Houston area still has more than 217,000 jobs to recoup for the economy to return to its prepandemic state—a process that could take anywhere from two to five years.
As state revenues take hit, business group wants lawmakers to reconsider private partnerships for road projects
With congestion levels worsening and funding shortfalls looming, officials with the newly formed Keep Texas Moving said public-private partnerships could advance projects through optional toll lanes, among other means.
In a July 22 update, the Texas Alcoholic Beverage Commission states that breweries may not have customers consume alcohol on patios.
The Texas comptroller's office has released June sales tax revenue figures.