24-1421
Discussion and action on a Resolution authorizing the City Manager to execute a Subrecipient Agreement by and between the City of El Paso and Borderplex Community Capital, Inc. ("BCC"), providing $200,000 to BCC to administer ARPA Act funds to establish the BCC Interest Buy Down Program which is designed to provide small businesses affected by the COVID-19 pandemic with comprehensive support and access to affordable capital at a reduced interest rate to 2%.
What this record is
- Amount
- $200K
- Runs until
- no end date published in this record
- Type
- contract
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- City Council
- Introduced
- October 7, 2024
- On agenda
- October 22, 2024