Commerce Economic Development Corporation
Disaster Recovery Funds (Loans for Small Businesses)
Governor Abbott announced that the U.S. Small Business Administration (SBA) has now granted Texas’ Economic Injury Disaster Loan (EIDL) assistance declaration, making loans available statewide to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19).
Next Steps: Small businesses who believe they may be eligible for an SBA EIDL should visit the SBA’s website where they can directly apply for assistance. The online application is the fastest method to receive a decision about loan eligibility.
For additional information on Texas business-related COVID-19 resources, including a list of required documentation for the SBA Loan process, visit gov.texas.gov/business/page/coronavirus.
We know this is a difficult time for all Texans. Please don’t hesitate to contact our office if we can provide any additional information.
Stay safe, keep healthy and continue to check in with us as we provide the latest updates and resources.
#TexasBizStrong
-Office of the Governor, Economic Development Team
For additional information on Texas’ response to COVID-19, visit gov.texas.gov/coronavirus, and for business-related resources, visit gov.texas.gov/business/coronavirus.
Commerce Airport Soars to New Heights
Through the efforts of the Commerce Airport Advisory Board, City Manager & Director of Community Development, a TxDOT Grant with matching funds was applied for and awarded to the City of Commerce benefiting the local aviation hub.
New Industry Coming to Commerce
The Commerce Economic Development Corporation has announced that POLARA Enterprises will soon open a new manufacturing facility in Commerce, Texas.
The California-based company is one of the country’s leading manufacturers of electronic components and devices used by the industrial, medical and traffic industries, as well as the U.S. Military.
“We are truly proud that a world-class manufacturer such as Polara has chosen Commerce, Texas as the location for its first expansion” said Bonnie Hunter, Executive Director for the CEDC.
“The addition of Polara to our community will bring jobs and add to the economic vitality of this part of northeast Texas.”
Polara is also currently a premier supplier of accessible pedestrian signaling systems used by municipalities all over the country. The company will continue to operate its 40,000+ square foot primary facility in southern California. According to Hunter, the new Commerce plant will simply add to the firm’s sales and manufacturing capabilities.
“The potential for growth of this company is endless and Commerce is ready to assist Polara in every way.”
Commerce EDC Announces Receipt of USDA RURAL BUSINESS ENTERPRISE GRANT
In the Amount of $90,000
Through the USDA, the Commerce Economic Development Corporation has received $90,000 in grant funds to establish a revolving loan fund. These funds will be used to provide financial assistance through low interest loans to small and emerging private business enterprises within the City of Commerce ETJ. A primary component for loan consideration is job creation.
Guidelines and applications will be available through the Commerce EDC, and must also meet approval by the USDA.
The Commerce Economic Development Corporation (the “CEDC”) is accepting sealed bids to award a contract for the mowing of selected developed and undeveloped lots for the Commerce Economic Development Corporation. The successful Contractor shall provide all labor, equipment, and public safety equipment necessary to perform this work. Bids must comport with the scope of work and instructions to bidders, which may be obtained from Bonnie Hunter at Commerce City Hall, 1119 Alamo Street, Commerce, Texas; phone (903) 886-1121. More Details
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KLZ Stone Group Inc.
Rapid progress continues to be made on the KLZ Stone Group Inc facilites off of HWY 11. This impressive facilites will be home to a premier granite and stone group buisiness importing large blocks of granite from south America and processing them for resale.
Featured Properties
Commerce is currently featuring the following property:
- 309,454 Sq. Ft. MANUFACTURING FACILITY
- Manufacturing Flyer and Details
- View Manufacturing Facility Video
Rail Services - Another Advantage of Locating Your Company in Commerce
In today’s economy, rail services offer an affordable and dependable solution. Not only is rail transport considered the most energy efficient mode of transportation, but with rising fuel prices, the lower cost of rail transportation increases its allure. With its ability to avoid the congestion involved with ground transport, rail transport is the most reliable mode of mass transportation and considered the safest means of delivering undamaged goods. Further, for environmentally savvy companies, rail transport tops the list as the most environmentally friendly mode of transportation...more about Commerce
Commerce Economic Development Poster
The CEDC aided in the development of an aerial map of Commerce, displaying potential business and manufacturing sites. Also seen on this birds eye view of Commerce, are city services, amenities and educational resources....view map
Covidien Plant Finds Good Fit with CommerceBlacklands Railroad the 2011 Short Line Railroad of the Year
Railway Age magazine has named Blacklands Railroad the 2011 Short Line Railroad of the Year, and the Reading & Northern Railroad 2011 Regional Railroad of the Year. The awards were presented at the American Short Line and Regional Railroad Association's annual meeting in San Antonio, Tex., Tuesday evening, May 3, 2011...more information