City of El Paso cancels Thursday press conference; announces business loans

EL PASO, Texas (KTSM) – The city of El Paso has canceled a press conference scheduled for Thursday, October 29 at 1 p.m.

City officials said the briefing was canceled because its staff are still evaluating empirical data collected over the past week.

El Paso officials also announced Thursday that loans to some local businesses will not have to be repaid.

Officials said the first payment for those loans was due in November. The City said it is now turning those loans into grants, so businesses won’t have to repay the loans.

“We understand that these small businesses are in an extremely fragile state and these funds will help ease the financial burden on those still affected by the pandemic,” said city manager Tommy Gonzalez. “In addition, we hope that this conversion of loans to grants will allow our businesses to retain their employees, which in turn supports our families in our community.”

The LiftFund will contact the companies that have applied for these same day loans, as they will not have to repay these loans.

Companies looking for additional support are encouraged to visit www.EPBusinessStrong.org.

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