The Grayson County Economic Development Authority (EDA) meeting on June 26, 2025, focused on a potential loan request from a local entrepreneur, Garrett Wyatt, who is seeking to establish a steel dealership and authorized school in the area. Wyatt, who has been in business for six months, is looking for a loan of approximately $35,000 to support his venture but has faced challenges in securing financing from banks.

During the meeting, members discussed Wyatt's situation and the implications of providing financial assistance through the EDA. Some members expressed support for the idea, noting that local businesses and community members have shown interest in Wyatt's project. However, concerns were raised about whether the loan would meet the EDA's criteria for job creation and economic impact in Grayson County.

The discussion highlighted the need for clear guidelines on how to evaluate loan requests, particularly in terms of their potential to foster job growth and support local economic development. Members acknowledged the importance of balancing community support for local entrepreneurs with the EDA's mission to ensure that investments yield tangible benefits for the county.

As the meeting concluded, the board considered formalizing Wyatt's proposal for further review, emphasizing the importance of assessing both the financial viability of the loan and its alignment with the EDA's objectives. The outcome of this discussion could set a precedent for future loan requests from small business owners in Grayson County.