Christina Cantu

City seeks funds for shops hurt by projects

City of San Marcos officials are looking into grant and loan options to help ease the strain on local downtown businesses caused by construction.

Officials will not offer tax breaks or incentives to businesses that reported a drop in sales from construction since fall 2012, but grants and loans are possibilities, said city engineer Jennifer Shell. Shell said businesses may receive some grant money, but the funds would ultimately be loans because they can’t be used to reimburse companies. The city and assistant managers are additionally looking into other ways to aid these businesses.

Research park fills empty spaces

Texas State’s Science, Technology and Advanced Research Park has found companies with unique products to fill vacancies in its building.

S.T.A.R. Park will house and assist startup companies in its McCarty Lane location, said Executive Director Stephen Frayser. Companies hoping to apply for a space had to satisfy two tests to be eligible. The companies must be creating a unique, new product working toward a significant impact. The startups must have an affiliation with the university, such as offering formal internship programs or licensing intellectual property.

Frayser said the park is not only a real estate location, but an environment for beneficial interaction between the university and businesses.

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