Lavon EDC Gateway to East Texas
972.843.4220

Lavon Economic Development Corporation

Retail Stores may reopen Starting May 1, 2020  as per Governor's Order......

2 a)"In-store retail services, for retail establishments that operate at up to 25 of the total listed occupancy of the retail establishment."

2b)" Dine-in restaurant services, for restaurants that operate at up to 25 percent of the total listed occupancy of the restaurant....." 

For the full Governor Abbott's Executive Order #18  of April 27, 2020 see below the link.   

 

Paycheck Protection Program (PPP)

See attached the PPP application for the forgivable loan that was approved by Congress and signed by the President.  Among serveral items in this CARES Act, the PPP provides funds to small business for the cost of keeping employees.  You may be provided a loan for the "Average Monthly Payroll"  between Feb 15th and June 30th, of 2020.  The loan may be forgivable if you keep your employees and use the plan proceeds on payroll, rent and utilities.  This application applies to self employed, sole proprietors, partnerships, C-Corp and S-Corp, LLC's, independent contractors, 501 (c) 3  nonprofits and veterans organizations.  The attached form is just two pages with two pages of instructions.  Independent Bank , a Lavon local bank has information  on its web site for your review.  

 

 

Due to the COVID-19 Crisis the Lavon Economic Development Corporation is following the directive from Lavon City Council.  See the www.cityoflavon.com web site. Until further notice, City Hall and the LEDC office in City Hall are closed to the public in order to advance the public health goal of limiting face-to-face interactions (also called "social distancing"). This action is expected to slow the spread of  Coronavirus (COVID-19). The Lavon Economic Development Corporation  normally meets on the 2nd Monday  and 4th Monday of each month. There is no meeting planned for  April 27.  Regular meetings of the LEDC will resume May 11, 2020.  See the Agenda on this web site for future meetings.  A meeting agenda will be published 72 hours before the meeting on this web site.   Pam Mundo, Executive Director of the Lavon EDC may be contacted at 214 773 0966 for information in regard to the Lavon Economic Development Corporation and business development. See also the Lavon Economic Development Corporation Facebook page for updates.

 

Please follow official governmental publications for information regarding your decision making on the handling of the COVID-19 Crisis...... 

For Governor Abbott's Executive Order see https://gov.texas.gov/news/post/governor-abbott-issues-executive-orders-to-mitigate-spread-of-covid-19-in-texas

       Governor Abbott's Executive Order 16 of April 17, 2020  regarding the reopening of selected retail.  Also see the Texas Department of Health Reopen      

             Retail Guidelines 

        Governor Abbott's Executive Order 18 of April 27,2020  regarding the opening of retail at 25%                                

Collin County 

          March 24, 2020 County Judge Declaration 

Community ISD see https://www.communityisd.org/ 

Bear Creek Special Utility District see https://bearcreeksud.com/ .

City of Lavon see http://cityoflavon.com. and Ordinance 2020-04-01 regarding Guidance Supplemental to the Declaration of Disaster.

Small Business Loans- different types

SBA Loan - Note that Governor Abbott's requested US disaster designation for Texas. This has been granted.  Now the Small Business Administration may offer economic injury disaster loans to small businesses impacted by the COVID-19 Crisis.  For more information on the SBA disaster loans see the SBA website.

Friday, March 27, 2020 President Trump signed in law H.R. 748 Coronavirus Relief and Economic Security Act "CARES" Act.  Within this Act are actions regarding the Payroll Protection Program (PPP) for Small Business Loans of which portions may be forgivable. See at the beginning of this home page information on the PPP application that you are  advisied to  apply through your local bank for this loan with portions forgivable. 

3/31/20 Update  The Small Business Owner's Guide to the CARES Act 

LEDC President Kay Wright recommends you check out this information she received  from your Texas State Representative Candy Noble.  Check out this link and do plan to appy for the Paycheck Protection Program Loan, the Small Business Debt Relief Program, the Economic Injury Disaster Loans and ECIG Grants and Small Business Counseling plus more.  Be sure to read through this link and take advantage of these opportunities offered to you. 

Inc. Magazine has updated this guide with further information

https://www.inc.com/kevin-j-ryan/small-business-loan-new-guidance-from-treasury-department.html?fbclid=IwAR1lVoTK5QJT8HxdqNNuA6tfEY4Gl7fE-Qya4_tkZ7CeUGggncX7kAh9vOo

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Our Economic Development Corporation serves the City of Lavon and residents. "We cultivate investment and growth!"  Major growth is before the community as Texas Highway 78 improvements, with 6 lanes, are now completed.. These improvements bring better access from eastern Collin County into the Dallas Fort Worth metroplex.  Improvements to SH 205, 4 traffic lanes, will begin in late 2020. These improvements will bring better access to Interstate 30 south of Lavon.  Major housing developments are underway with approximately 785 platted residential lots in development  and some 1,689 S-F lots entitled through the planning stages.  Active Residential Developments include Lavon Farms; Crestridge Meadows; Traditions Phase 2; LakePointe, Phase 1; Bear Creek Phase 3.

For a list of the residential and commercial developments see attached through this development highlite link.

New retail in Lavon in 2019  includes the 5 Flooring & Plus, 7-Eleven Convenience Store, Lavon Pharmacy, Lavon Nail Art & Spa, Bayside Nutrition, Good Fella's Pizza, O'Reilly Auto Parts, Sawaaro Spa, St. Paul Pharmacy.  A new specialty printer, Crown Labels has arrived in Lavon, producing labels for the retail  and product identification business.  There is a new retail center planned at SH 78 and Burleson.  For a quick view of the economics of our development see this quick view link.    

Our Semi-Annual Small Business Bazaars promote the development of small businesses and entrepreneurs in Lavon.  The Spring Bazaar was postponed to Saturday November 14. 

Lavon Lake, being a U.S. Army Corp lake, provides a whole host of opportunities to enjoy the outdoors. The City of Lavon and its Economic Development Corporation invite you to come and enjoy our lovely countryside and water recreational opportunities. 

On December 20, 2004, the Lavon City Council, following approval of the City voters, adopted the Articles of Incorporation for the Lavon Economic Development Corporation (LEDC). The LEDC was organized in accordance with the Texas Development Corporation Act of 1979 as a nonprofit corporation. The purpose of the Corporation is for development and marketing of  retail, commercial, technology and manufacturing investments that will bring new dollars and jobs to Lavon.

Recent News

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April 9th 2020 - Race Trac Convenience Store & Auto Fueling Station received... read more.


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Business Card Exchange Tuesday Oct 18 7:30 AM
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LAVON ECONOMIC
DEVELOPMENT CORPORATION

P.O. Box 340 | 120 School Road
Lavon, TX 75166
972.843.4220 | [email protected]