Grayson County Economic Development Authority (EDA) 10/1/2026

The Grayson County Economic Development Authority met on October 1, 2026. Members discussed a proposed financing package for Country Sisters: a $10,000 grant and a $40,000 low- or no-interest loan. Members raised concerns about the business having no collateral or startup capital and the risk of recovering equipment if the venture fails. No approval or motion on the financing was recorded. The authority also received an update that the appraisal for the New River Conservancy Roundhouse project was still pending; prospective business matters involving Baywood School and Grayson Diner were discussed in closed session, with no details reported publicly.

The authority approved its current financials, reporting that all loans were current and the balance was $620,057.87. Members also moved to accept a remote-participation policy, though the transcript does not record a vote on that motion. Meeting minutes from August 27 and September 2 were approved with a correction to identify the vice chair as attending the special-called meeting. In closed session, Chair Kenneth Belton’s resignation from his officer position, effective that day, was reported for the public record.