Retaining and expanding businesses of all sizes in Hays and Caldwell counties is an effective tool used by the Greater San Marcos Partnership (GSMP) to help grow our region’s economy. Now more than ever though, amid the COVID-19 pandemic, retaining and assisting small business is essential to reach a full economic recovery.
Small business makes up approximately 99.7% of our country’s employer firms, according to the U.S. Small Business Administration. Small businesses also make up a significant number of employers in the Greater San Marcos region. They provide a strong economic engine enhancing the local tax base, as well as keeping dollars circulated in our economy.
Keeping these small businesses financially stable is a critical part of COVID-19 economic recovery. Our economic development partners in communities across our two-county footprint have recognized this reality and have responded by providing a number of financial resources for those small businesses.
