Editing Overton, Texas (section)

=== Business assistance ===

Overton EDC provides business assistance to qualifying companies. They evaluate incentives for businesses to locate or expand in the Overton area and base their findings on taxes assessed and paid, the number of jobs created or retained, wages paid, local purchases of products and services, indirect employment gains and the general benefit of furthering the mission of the city of Overton Economic Development Corporation.

They primarily seek businesses in manufacturing, production, medical/health, hospitality and distribution. Funds may be used in land lease/purchase, building lease/purchase, rehabilitation or construction, capital equipment purchase, infrastructure improvements or employee training.

Funds may not be used for venture or equity capital, working capital/inventories or personal loans. Forms of business assistance include loans/loan guarantees, SBA 504, SBA 7(A) guaranteed and direct loan, and the rural economic development fund.