The greater EL paso chamber foundation's financial distress business (FDB) program to aid businesses economically impacted by the coronavirus pandemic

The Greater El Paso Chamber Foundation will provide financial distress business assistance services to 180 small businesses in El Paso, TX through a $417,000 project grant from the Department of Commerce Economic Development Administration. Funded under the EDA's Economic Adjustment Assistance program (CFDA 11.307), the grant will support initiatives centered on business advocacy, consulting, training, sustainability, and contract assistance. All services will be available in both English and Spanish to serve the border community's needs. The project aims to help businesses quickly respond to disruptions like the COVID-19 pandemic and encourage local business retention and expansion, thereby creating and retaining jobs and advancing regional economic resiliency.

The greater EL paso chamber foundation will assist a minimum of 180 small businesses through initiatives centered in business advocacy, consulting services, business training, business sustainability, and contract opportunity assistance. . All assistance will be available in both english and spanish to address the needs and demographics of the borderplex business community. Once completed, the project will allow businesses to quickly respond to future disruptions, like those caused by the coronavirus pandemic, and encourage local businesses to stay and expand in their current location, which will help create and retain jobs and advance economic resiliency throughout the region.