The Women’s Business Border Center (WBBC), a joint Project of the El Paso Hispanic Chamber of Commerce and the U.S. Small Business Administration, announce Friday morning that the organization was awarded $420,000 in Business Resource Assistance funds through the CARES Act.
The funding will allow the WBBC to continue supporting El Paso’s businesses directly affected by the COVID-19 pandemic.
“The WBBC as well as the El Paso Hispanic Chamber of Commerce’s purpose has been clear since the beginning of the COVID 19 crisis not to leave our businesses fending for themselves in these times of need,” said Cindy Ramos-Davidson, CEO of El Paso Hispanic Chamber of Commerce. “We continue to answer every phone call and email we receive. We have to continue moving forward!”
The Women’s Business Border Center is offering technical assistance, resources, and training, along with guidance on the application process of the SBA’s Economic Injury Disaster loans, Payment Protection Program loans, or any other financial product available.
“With these funds, the WBBC is able to expand its team of business development specialists and continue assisting the entrepreneurial needs of the El Paso region,” WBBC officials shared. “The Business Resource Assistance funds will enable the WBBC to further capitalize on its position as a leader in the El Paso business community, where El Pasoans have never been afraid to jumpstart their entrepreneurial dreams.”
Continuing to heighten the resources and business development strategies is a key area of focus for the WBBC, which will aide local small business owners in overcoming challenges in today’s economy.
“In these trying times we feel honored to have the federal government entrust us with the opportunity to provide the assistance that is so needed in our community and our region,” said Mary Helen Aldeis, WBBC Program Director.
WBBC officials say that virtual education and training is a priority, the funds available will allow for new software and technology for business development specialists to communicate and interact with clients safely and remotely.
The funding will also drive further program expansion.
“The Women’s Business Border Center, key programs and initiatives demonstrate the commitments to the support and growth of businesses in the El Paso region,” officials added.
The WBBC was established in 2001 by the El Paso Hispanic Chamber of Commerce and partially funded by the U.S. Small Business Administration.