EDC’s $200,000 loan to new business, budget amendment to add funds approved by Council

The Schulenburg Economic Development Corporation got the go-ahead from the City Council to loan $200,000 to a new business, Andre Eye and Optical, PLLC.

The process starts with an application to the EDC and its Board of Directors voting to proceed with the project. In this case, it exceeded $10,000, requiring final approval from the City Council after two readings of a resolution outlining the requ…