Yorktown Economic Development Corporation offers assistance during pandemic
By Allison Flores
Continuing to support businesses during the pandemic is the Yorktown Economic Development Corporation.
“We budgeted $24,000 to give relief funds to businesses in Yorktown to help them with normal expenses such as utilities, rent or loan payments,” said YEDC Executive Director Tammy Bitterly during an interview.
In its first phase (although the grant was unintended to be in phases), the YEDC gave 12 businesses $12,555 in total from their COVID-19 Small Business Assistance Grant.
“Economic development is about creating jobs and keeping jobs,” said Bitterly, “and we are just happy people are here to work and staying here to work–we just want to help keep them in business.”
For phase two of the fund relief, six businesses were benefitted, bringing the total money given out at $16,035.
“We will be doing phase three,” said Bitterly, “but, we are wanting to change some guidelines on it before we officially announce that.”
Although the YEDC’s FY21 budget has been approved by the City, more discussion and approval is needed to change the guidelines of the small business relief grant.
“This pandemic has gone on much longer than we wanted it to–and we don’t know much longer it’s going to go on,” stated Bitterly. “We [YEDC] is at a good place–we don’t have loads of money, but at least we do have some money that we can help the businesses in our community.”
She continued, “I was humbled that the businesses that did apply were just happy to get what we could give them because it did help with their utilities or rent.”