EL PASO, Texas (KTSM) — The City of El Paso has canceled a news conference that was scheduled for Thursday, October 29 at 1 p.m.
City officials said the briefing was canceled because its staff is still evaluating the empirical data that was collected over the last week.
El Paso officials also announced Thursday that loans that were given to some local businesses will not have to be paid back.
Officials said the first payment on those loans were coming due in November. The City said it is now turning those loans into grants, so businesses will not have to repay the loans.
“We understand that these small businesses are in a tremendously fragile state and these funds will help ease the financial burden for those still being affected by the pandemic,” said City Manager Tommy Gonzalez. “Additionally, we hope this conversion from loans to grants will allow our businesses to keep their employees which in turn supports our families in our community.”
The LiftFund will contact businesses that have applied for these loans, as they will not have to repay these loans.
Businesses seeking additional support are encouraged to visit www.EPBusinessStrong.org.
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