An iconic Austin business is delivering relief to its neighbors. On Tuesday, Whole Foods Market announced that it will offer up to $1 million in emergency loans to Austin businesses affected by flooding on Memorial Day.
The grocery store chain sees an opportunity to give back to the neighbors and community that helped it survive the Memorial Day floods of 1981.
"Whole Foods Market understands the tragedy of floods. And, we also understand the power and positive impact of love in business," John Mackey, co-founder and co-CEO, said in a statement Tuesday.
"We only survived in 1981 because of the outpouring of love and support from local businesses, customers, neighbors, supplier partners and dedicated team members. Now, 34 years and 419 stores later, we are able to return the favor to Austin and pay it forward to help the current generation of local businesses hurt by recent flooding."
Up to $1 million in no-interest loans will be available to the businesses affected by the flooding along Shoal Creek. Furthermore, all Austin-area Whole Foods Market locations will be accepting donations for the Red Cross of Central Texas at the registers.
Businesses can apply through the Local Producer Loan Program by emailing LPLP@wholefoods.com.