While more stringent restrictions have been put in place to help stop the rampant spread of COVID-19, the City of El Paso is increasing limits on three grant programs aimed at helping small businesses survive the economic fallout.
“The City of El Paso is committed to making as many resources available as possible to help businesses in our community survive this unprecedented situation,” said Miranda Diaz, Business Services Coordinator for the City of El Paso’s Economic & International Development Department.
“While restrictions on businesses are necessary to help keep our community healthy, we encourage businesses to take advantage of these free programs which do not have to be repaid to help keep their businesses healthy as well.”
- Independent contractors and sole proprietors can now apply for up to $25,000 in grants from PeopleFund.
- Microenterprise businesses with one to four employees can now apply for up $25,000 in grants from Project Vida.
- Small businesses with between five and 30 employees can now apply for up to $50,000 in grants from Lift Fund. This program was previously limited to businesses with a maximum of 20 employees
The maximum revenue limit for businesses seeking to participate in any of the three programs has been increased to $3 million. These are grants from the federal CARES Act funding which do not have to be repaid if used for business expenses.
If a business has previously submitted an application to one of these programs, there is no need to submit a new one. Applications that have already been recieved with be re-evaluated to determine if they meet the new, updated guidelines.
Information on all three programs can be found by clicking on “Financial Assistance” at EPBusinessStrong.org. The Web site is the City of El Paso’s official business resource clearinghouse and is administered by Better Business Bureau Paso del Norte.