The financial system was wrecked inside days of stay-at-home orders because the coronavirus started to unfold in North Texas in March.
With file unemployment filings, complicated phased reopenings, and overlapping restrictions and mandates, many small-business house owners confronted their hardest yr in enterprise.
Amid that, some managed to open, adapt and survive by the pandemic. Right here’s the highest enterprise tales from the Denton space in 2020.
Denton companies should require masks use indoors
Abbott had mentioned native governments couldn’t require people to put on masks, however they may high quality companies for not requiring staff and clients to put on masks.
Navigating PPP, metropolis and county small-business grants
When the shutdown hit in March, many enterprise house owners assumed they’d be gone for a couple of weeks. As soon as stay-at-home orders have been prolonged by April, the primary spherical of Small Enterprise Administration’s Paycheck Safety Program opened in early April. Native bankers labored lengthy hours to assist small-business house owners navigate making use of for federal funds.
By a number of tales from April by the autumn, we chronicled how companies have been navigating getting funding from federal, state and native entities to have the ability to keep afloat.
SCRAP turns into Denton’s first main enterprise closure within the pandemic
Denton’s greatest store for inventive courses and bargain-priced artwork, craft and stitching provides completely closed after eight years.
SCRAP Denton, a nonprofit inventive reuse middle on Bell Avenue, introduced the choice in June, after it had launched ”Save Our SCRAP,” a fundraising try to make up cash for again hire. Days after asserting it, although, management realized the shop needed to shut.
The closure hit arduous for a lot of. Though the shop was a nonprofit, for a lot of it served as a haven for courses, training and crafting. It was additionally a type of area of interest locations that felt uniquely Denton, full with a mural on the aspect.
“The group loves SCRAP,” mentioned Donna Gregory, the store’s founder. “We stay hopeful that it could come again sometime. It might come again in a distinct dimension or type. It should rebuild. However it’s a hope and a want for the volunteers and the workers.”
‘We will die attempting’: Denton bar house owners navigate unsure future
In March when the shutdown was first introduced, fear went straight to the service trade, the place lower-paid staff depend on each day suggestions for his or her revenue. Even then, trying on the prospect of 15 days closed, bar owners were concerned about their staff members making ends meet.
State officers have scapegoated the trade, and enterprise house owners have needed to navigate being open, being closed, altering licensing and capability. In a collection of tales, we checked out how well-intentioned bar house owners tried to navigate accountable reopening.
Sanger mansion getting second probability as marriage ceremony and occasions venue
Vacant for the reason that Nineteen Eighties, the 27,000-square-foot mansion alongside Interstate 35 is below new possession and can change into a marriage and occasions venue, Bella Mansions LLC.
Isabel Ramey will oversee and run the marriage and occasions venue. Her dad and mom, Lina and Kenneth Ramey, purchased the property. Collectively, they’re actively assembly with architects to lastly end out the constructing in addition to add landscaping to the 9 acres of land the mansion sits on.
Nonetheless below renovation in late 2020, the venue is now reserving occasions for subsequent yr, however hasn’t introduced a gap date.
UNT pays $1.4 million for New York Sub Hub in eminent area deal
In February, UNT and property proprietor Kenneth Christiansen reached the $1.4 million agreement. The transfer got here as a shock to Christiansen’s son, Hunter, who now owns the sandwich store and was probably the most vocal opponent towards using eminent area.
The UNT Board of Regents approved using eminent area in February 2019, which started the acquisition course of. In June, Christiansen’s household was supplied $700,000 for his or her property on Avenue C. The house owners of neighboring properties additionally obtained affords: $500,000 for Oriental Specific, $500,000 for Eagle Automobile Wash and $800,000 for the Campus Bookstore. Not one of the property house owners accepted the affords on the time.