EDC, CDC meet jointly, discuss local businesses

by | May 6, 2021 | Latest

The Princeton Economic Development Corporation and Community Development Cor­poration met to discuss a joint initiative to focus on boosting sales for local businesses dur­ing a meeting held April 29.

CDC board member Jaisen Rutledge said the goal of the initiative is to find ways to help businesses impacted by the COVID-19 pandemic and oth­er factors, including the Febru­ary winter storm.

Rutledge said the CDC had previously discussed the possi­bility of providing an incentive to businesses that met certain performance thresholds to help garner new business.

CDC president Steve Def­fibaugh suggested reinstating the voucher program, an EDC initiative where $25 vouchers were mailed to residents to be spent on goods and services from participating local busi­nesses. The vouchers were sent in two rounds, the bulk of which were used at restaurants.

Several other options were also discussed, including an event similar to the Main Street Market organized in the past by the Princeton Chamber of Commerce and a scavenger hunt type activity that would send residents to several local businesses. Ultimately, the two boards decided on a booklet with coupons to participating businesses.

EDC president Sherry Campbell said the coupon book could work by offering a free or discounted meal or service to coupon holders and the busi­nesses would be reimbursed by returning the coupon to the EDC.

“That seems to me like that would work,” Rutledge said.

According to Deffibaugh, the EDC and CDC would cover the printing costs of the book­lets, calling it win-win for busi­nesses.

For the full story, see the May 6 issue or subscribe online.

By Dustin Butler[email protected]

0 Comments

Related News

Law protecting dogs goes into effect

Law protecting dogs goes into effect

Texas is now a safer place for dogs thanks to the Safe Outdoor Dogs Act, which went into effect Jan. 18 and bars pet owners from using a chain to tether a dog outside. The law, Senate Bill 5, was vetoed last summer by Gov. Greg Abbott but subsequently passed during...

read more
TAPR report presented

TAPR report presented

The pandemic’s effects on learning loss have been well documented, and one metric used to present these findings is through the annual Texas Academic Performance Report (TAPR). This year’s TAPR was presented to the Princeton ISD Board of Trustees during a public...

read more
Daddy-Daughter Dance Feb. 5

Daddy-Daughter Dance Feb. 5

Young, adoring daughters will have the opportunity to accompany their fathers and teach them a few new dance moves along the way. The Princeton High School cheerleading team is hosting the annual Daddy-Daughter Dance Saturday Feb. 5 from 6-8 p.m. in the high school...

read more
Council approves new developments

Council approves new developments

In Princeton, there’s build, build and build some more. Several new housing developments were approved by the Princeton City Council during the regular meeting Monday, Jan. 24. Princeton Retreat, which will be situated off of County Road 408, will contain 55...

read more
Election audit shows few issues

Election audit shows few issues

The Secretary of State’s office released the findings of Phase 1 of the forensics audit of the November 2020 election, which shows few issues with the process. In September 2021, the office of the Secretary of State (SOS) announced it would conduct a full forensic...

read more
Collin County holds hazard plan hearing

Collin County holds hazard plan hearing

If the winter storm last year proved anything, it pays to be prepared in the event of a natural disaster. Collin County Assistant Emergency Management Specialist Randall Gurney presented information about the county’s Hazard Mitigation Plan during a Wednesday, Jan. 12...

read more
Princeton ISD closes campuses for three days

Princeton ISD closes campuses for three days

A one week surge in COVID-19 cases has Princeton ISD closing all of its campuses, according to an announcement Thursday, Jan. 20. “Because of the rising number of COVID cases in the district, Princeton ISD has made the decision to close campuses for the next three...

read more
District growth addressed; board recognizes students

District growth addressed; board recognizes students

There is an ongoing effort to address the capacity of Princeton schools as it tries to keep pace with the rapid growth. The Princeton ISD Board of Trustees addressed future school capacity issues and potential staffing needs for the 2022-2023 school year during the...

read more
Voter registration deadline coming soon

Voter registration deadline coming soon

Texas Secretary of State John Scott reminds all eligible Texas voters to ensure they are registered to vote before the upcoming deadline. The last day to register to vote for the upcoming March 1 primary race is Jan. 31. "Registering to vote in Texas is easy and...

read more
Princeton showmen claim numerous awards

Princeton showmen claim numerous awards

Princeton showmen picked up some of the top awards last week at the Collin County Junior Livestock Show. The event, for FFA and 4-H members, was held Jan. 8-15 at the Myers Park and Event Center in McKinney. Princeton Independent School District Ag Science teacher...

read more