‘The year has been good’

4/22/2022  (Michael Hutchins, Herald Democrat)

Three new businesses will be able to transform their entrepreneurial ideas and concepts into reality. The first three grant recipients under the new Raising Innovative Sherman Entrepreneurs program, which offers funding for new companies willing to do business within the city, were awarded Tuesday by Sherman Economic Development Corporation.

In total, SEDCO presented three businesses with $175,000 in funding to help them start and grow their new operations in Sherman.

“The year has been good. In the first year with COVID, people were not really ready to step out. However, this year with the economic climate much improved, we’ve had companies that have been thing of ideas and we are ready to expand,” Cary Wacker, representing Austin College, said.

Two businesses received $25,000- $50,000 in funding through SEDCO for operations in Sherman. A third business received the maximum prize of $100,000 from this year’s awards cycle.

The program was initially launched in late 2020 through SEDCO and partners including AC and the Grayson Small Business Development Center at Grayson College with plans to offer a total of $250,000 in possible prizes for new businesses willing to relocate or open in Sherman.

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