Welcome to La Joya EDC
Perfect for your business & investment!
Email us now edc@cityoflajoya.com
- La Joya EDC Mission
Our mission at the La Joya Economic Development Corporation is to help existing businesses remain successful, to foster local entrepreneurship, and to recruit new industry, businesses and growth.
PROMOTING GROWTH & PROSPERITY
Dedicated to creating a workforce with 21st century skills, and a first class environment for conducting recruitment, retention and expansion while maintaining focus on quality of life for the citizens of La Joya.
- La Joya EDC Vision
Our ongoing commitment to foster innovation and prosperity starts with facilitating a smart ecosystem that empowers business to grow and succeed. La Joya EDC pushes its members to have the assistance and support it needs to thrive. With us , your business can find the right location, and opportunity to sustain healthy profits and attract customers.
Our city is growing, and fostering a culture for innovation. With the supportof La Joya EDC, business regardless of scope or size can effectively achieve success.
-Enabling Growth & Opportunity
La Joya EDC has incentives to help your company grow by building and sustaining a stronger local economy that is sure to benefit your business. Whether you’re looking to relocate or start a company, choose a city that enables your success.
La Joya is quickly becoming one of the most vibrant communities in South Texas. Adapting quickly and creating opportunities to expand or relocate business with a robust economy, cost effective living conditions and a skilled bilingual workforce.
- Our Strategy
STEP
01
Empowering Business
Evaluating & Accessing
As part of phase one we facilitate with :
- Technical Assistance in business and financial planning
- Site selection services , while aiding throughout the negotiation
- Paperwork and Permits
STEP
02
Expansion & Retention
Certifications, Networking, Investment Planning
Phase two involves networking and promoting the business to generate concepts and work towards expansion of the ideas and strategies. While at the same time, planning the investment strategy when eligible backed by EDC loans. Phase two also sees the EDC to work with businesses to obtain certifications
- HUB Certification
- UTPA Procurement Technical Assistance Center
- 8A Certification
- Corporate Certification
STEP
03
Development of Workforce
Strong & Educated Workforce
Phase three involves working with local institutions, higher education, and technical institutes to develop a workforce that is prepared to meet today's job requirements.
- Frequently Asked Questions
- The business must be located in La Joya.
- 51% of the business must be owned by a U.S. citizen or resident alien.
- The business owner(s) must provide a lease agreement for the term of the deal. Revolving-loans operate on a fixed term of two years.
- The business must have been in operation for a minimum of two years or 24 consecutive months.
- The business owner(s) must have a credit score of 620 or higher.
- The business owner(s) must prove their ability to repay the debt by having debt service coverage of 1.25% or better.
- Fill out a loan application
- Submit your business plan with the loan application (business plan must include budget for use of funds)
- Submit all documents to the La Joya EDC via mail or hand delivery
- The EDC begins the loan application review to determine eligibility
- The applicant will be notified of eligibility status
- If eligible, the loan application will be presented to the Loan Review Committee
- Committee recommendation will be presented to the EDC Board for final approval
- The applicant will be notified of the Board’s decision to approve or deny the loan application as well as loan specific terms, when applicable
- Business Plan
- List of Board Members (corporations only)
- 2 years of Income Tax Returns – Business or Personal (most current copies)
- Year-end financial statement from existing organization
- IRS 501 (c) 3 letter (or similar), if applicable
- Purpose of loan
- Balance sheet (yearly)
- Profit and Loss Statement (last quarter)
- Project Budget
Are you looking for a Business Loan?
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- Featured Businesses
- EDC News
La Joya mayor dismisses EDC board, reappoints new members
By Jose De Leon III | February 14, 2020 | 0 Faced with a federal investigation into a La Joya Economic Development Corporation project spearheaded by the daughter of...