Commissioners Court approves $10 million to support local businesses

El Paso News

EL PASO, Texas (KTSM) — On Monday, the El Paso County Commissioners court voted unanimously to utilize $10 million of emergency reserve funding to establish a regional economic relief program.

This funding will help expand existing relief programs as well as establishing new ones. 

Roundtable discussions will include variety of grants, low-interest loans as well as forgivable loans targeted for local small businesses.

The County said $850,000 in CARES Act funding will provide economic recovery and assistance.

The Court also approving two small business economic relief programs utilizing any unspent CARES Act. Grants up to $20,000 will be provided for small businesses with 5 to 30 employees who have seen reduction in profits over the course of the pandemic.

Additionally, the El Paso Hispanic Chamber of Commerce will disburse $250,000 in grants to assist businesses for personal protective equipment and commercial mortgage, rental or utility assistance.

“The County is committed to doing everything possible in order to help safeguard the health of its people and to support our struggling businesses during these difficult times,” said County Judge Ricardo Samaniego. “We will employ every tool at our disposal to see our people through this storm and to lead the way toward economic recovery.”

All CARES Act funds will be distributed by the end of the calendar year.

Latest Headlines

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

KTSM Video Center

As some students return to the classroom, school districts work with local providers to vaccinate teachers and staff

Otero County Commissioners call for Couy Griffin’s resignation, feds press charges

Star on the mountain lit in honor of those who died from COVID-19, part of national event

Renewed hope for undocumented immigrants, DACA recipients under Biden's immigration plan

Studies show money can make you happier

FBI: El Pasoans under investigation for possible participation in Capitol riots

More El Paso News
Advertise with KTSM 9 Link