Emergency Cash Assistance Program (ECAP)
As part of a county-wide collaboration, Hays County established the Emergency Cash Assistance Program (ECAP) grant fund, which dispersed $600,000 to local businesses. The ECAP Fund was designed for those small businesses located in Hays County that are struggling to sustain operations due to the COVID-19 health crisis and were unable to secure assistance via the Payroll Protection Program (PPP) loan through the CARES Act or the Economic Injury Disaster Loan program through the US Small Business Administration.
What is ECAP?
The ECAP fund, which was initiated by the Hays County Commissioners Court, was a collaboration between the County, the City of Kyle, PeopleFund, and the Greater San Marcos Partnership (GSMP). The fund provided a grant of up to $10,000 to qualifying businesses on a first-come, first served basis. The loan agency PeopleFund, a non-profit community lender, managed the application process.
Applications closed December 31, 2020.