Mayor Eric Johnson's statement on Goldman Sachs loans for small businesses
DALLAS -- Texas Gov. Greg Abbott and Goldman Sachs on Monday announced that the firm would provide $50 million in loans to small businesses in the state to help deal with the economic consequences of COVID-19.
Mayor Eric Johnson issued the following statement about the program, which will dedicate $5 million of those loans to Dallas businesses.
"Earlier this year, I had the chance to meet many of the small business owners in Dallas who have participated in the Goldman Sachs 10,000 Small Businesses program. Their entrepreneurial spirit, their drive, and their commitment to excellence have fueled some of our great city’s finest establishments.
"But COVID-19 has caused massive disruptions and economic pain for small businesses. That is why I am thrilled that Goldman Sachs has continued its commitment to our local economy by providing Dallas businesses with $5 million in financing, which will help keep paychecks coming for their employees during this pandemic. The continued success of small businesses is vital to Dallas, and these loans will supply much-needed credit to sustain many of them during these difficult times.
"Dallas will get through this, but it will take all of us working together. I thank Goldman Sachs and all those doing their part to help us respond to the unprecedented challenges caused by this pandemic."
Read the governor's press release here.
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