Dallas businesses are helping each other through the pandemic
Companies are closed or hardly attached to it. Your favorite waiter is no longer working and the small business owner who once hired this waiter is trying to find a way to show up on the other side of the pandemic.
Some companies will make it and some won’t. Efforts to help small businesses in Dallas, however, are more than waiting for federal funding. It’s also about neighbors helping neighbors, in this case larger Dallas corporations, many of whom are in their own existential battle, and finding a way to help some of the smaller ones.
This is the message we got when we asked Fred Perpall, Beck Group CEO, about the public-private partnership that Mayor Eric Johnson formed earlier this year to steer the short-term recovery and so keep the city going position it to drive long-term economic growth.
So what happened Quite a lot. The city withdrew from direct participation in the partnership, and dozens of companies and community organizations sourced and donated small and medium-sized businesses with heaps of personal protective equipment. The corporate coalition also organized around $ 3 million in grants and loans, and connected owners with corporate mentoring, a type of coaching that small and medium-sized businesses often neglect because of lack of resources, expertise, time, or money.
The corporate coalition provided free bookkeeping, bookkeeping, and business strategy advice so that the owners of these small and medium-sized businesses can emerge from the economic impact of the pandemic at the crisis level with not only hope but also a plan.
According to Perpall, a significant portion of the dollar went to minority and women-owned companies, many of which run retail stores and provide services such as barbershop or health and social services. And there are still opportunities for small and medium-sized businesses. The goal is to distribute an additional $ 2 million in grants and loans.
This is a nice addition to the Mayor’s other business venture, a newly created task force led by local entrepreneurs Mandy Price and Trey Bowles to find a way to make the city more attractive to entrepreneurs.
As we all know, the pandemic has plunged the future of thousands of small businesses into crisis. Life can seem overwhelming when business dreams and savings are at risk.
But as the South African theologian Desmond Tutu once said: “There is only one way to eat an elephant: one bite at a time.”
Great things can be achieved when the foundation of our community is strong. The size of our city is most evident when our largest and smallest businesses thrive together.
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