Liz Allen elected treasurer of non-profit EDC

The Cen-Tex Certified Development Corporation board recently elected Liz Allen, a credit officer at Brady National Bank, to serve as treasurer of the organization. ‘Mrs. Allen has served on the Cen-Tex board for three years and brings to us banking and local economic development expertise. She is a progressive leader and this is a big plus for our organization’ said Ron Holland, President of Cen-Tex CDC. Cen-Tex is a non-profit finance organization that has been making business expansion loans throughout a 72-county region that includes the Texas Hill country, Southeast and Central Texas since 1990. This year, working with members of the federal home loan bank, Cen-Tex loan officers have assisted several businesses get $25,000 in grants for their expansions. In Jan. 2003, the Brady Economic Development Corporation and Mrs. Allen hosted the Cen-Tex Board for a regional membership meeting. This meeting was well attended by area business leaders and elected officials. Keeping in mind many of the recommendations made by the leaders present, the Cen-Tex Board at their annual planning board retreat, in March 2003, approved new loan programs to make loans from $25,000 to $150,000 at attractive interest rates. ‘Cen-Tex is expanding its loan products to include first time homebuyers,” said Mrs. Allen. “By creating new loan products Cen-Tex is demonstrating its commitment to serve our resident and local business needs. “I am very proud to represent Brady and surrounding counties as the new Ttreasurer of the Cen-Tex Board of Directors.” Cen-Tex is affiliated with the U.S. Small Business Administration; U.S. Department of Commerce, Economic Development Administration; U.S. Treasury, CDFI and is an associate member of the Independent Bankers Association of Texas/IBAT and Neighborhood Reinvestment Corporation. In Brady, Cen-Tex has partnered with the Brady Economic Development Corporation and has offered $90,000 in micro business loans at 3% interest. For more information on the Cen-Tex programs call 888-241-2215 toll free or access the Cen-Tex web page at www.grandcentraltx.org.

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