Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Business Support topic
No spam. Unsubscribe anytime.
Roscoe Bank delivers $20,000 installment to Bastrop EDC for small-business fund
Summary
Roscoe Bank presented the third installment of a five‑year, $100,000 pledge to the Bastrop EDC to seed a revolving loan or grant program supporting small‑business expansion and retention; the board thanked the bank and took a photo for presentation records.
Roscoe Bank representatives joined the Bastrop Economic Development Corporation meeting Monday to present the third installment of a five‑year, $100,000 pledge intended to create a revolving loan fund or grant program for small‑business expansion and retention.
An EDC representative explained the pledge is structured as $20,000 per year over five years. A Roscoe Bank representative said, "We did pledge a hundred thousand dollars to the BEDC for the purpose of establishing [a] revolving loan fund or grant program as you saw fit," and added the bank views the contribution as a way to demonstrate long‑term community stewardship.
Board members thanked the bank and posed for a photo with the ceremonial check. Staff indicated one of the $20,000 awards already has been used and the EDC will work to attract additional applicants for the program.
