Economic Development


Ark-Tex Council of Governments offers several loan programs designed to help in economic development projects. The purpose of the projects is to create and retain jobs in the region.

Ark-Tex Regional Development Company (ATRDC)

The Ark-Tex Regional Development Company (ATRDC) is an SBA Certified Development Company established in 1982 specializing in financing for owner occupied commercial real estate projects. US Small Business Administration 504 Loan (SBA 504) is a long-term financing tool, designed to encourage economic development within a community. The 504 Program accomplishes this by providing small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization.

Our organization has extended SBA 504 financing for various change of ownership, construction, and capital equipment projects throughout the state of Texas and Miller County Arkansas.

Revolving Loan Fund Programs

Chapman Revolving Loan Fund (CRLF) is a direct loan program for businesses or governmental entities to provide loan funds. The original funds were from a grant for $1.4 million from Housing and Urban Development. Former U.S. Representative Jim Chapman was the catalyst for obtaining the funds.

Northeast Texas Economic Development District (NETEDD) Revolving Loan Fund is primarily for private industry in an ten-county area in Northeast Texas and was established in 1987 with initial funding from an EDA grant for $1.5 million.

East Texas Rural Access Program (ETRAP) Revolving Loan Fund is primarily for the healthcare industry in a thirty-eight county area and was established in 2003 with initial funding from the Robert Wood Johnson Foundation for $500,000 and a USDA Rural Business Enterprise Grant for $200,000.

Grant Proposals and Administration

The Regional Planning & Development staff assists localities in the preparation of many different grants for the improvement of quality of life and for needed infrastructure. Among these are the Texas Capital Fund for infrastructure and Surface Transportation Improvement Grants for downtown improvement of cities. Through the use of infrastructure grants, lending programs, Economic Development Administration grants, and other sources, we work with governments, businesses, and economic development organizations to find and provide funding for continued economic development in the region.