CITY OF EL PASO, TEXAS
LEGISTAR AGENDA ITEM SUMMARY FORM
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Economic and International Development, Mirella Craigo, (915) 212-1617
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AGENDA LANGUAGE:
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Title
Discussion and action that the City Manager be authorized to sign a Chapter 380 Economic Development Program Agreement (“Agreement”) by and between CITY OF EL PASO (“City”) and LIFTFUND, INC. (“Applicant”) in support of a program whereby micro business loans shall be provided to eligible small businesses, program referred to as the “Dream Makers Fund” (“Fund”). The City shall provide a grant payment in the amount of $600,000 to support the Fund. The Fund will provide micro business loans of up to $25,000 to help small businesses in the City of El Paso.
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