El Paso International Airport Advisory Board Awards $875,635 Economic Incentives Contract to FERVERET (September 2025)

El Paso approves economic incentives not to exceed $875,634.84 to FERVERET, INC. to develop immersion cooling solution technology, requiring 30 full-time employees over 3 years.

Document date · September 3, 2025

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Scope & details

The full contract record, as filed.

Contract amount

$875,634.84

Contract type

Economic Incentives

Contract term

3 years

Document type

Minutes

Source document

el_paso_city_council_meeting_minutes.pdf

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city_council_regular_meeting_agenda_september_2025.pdf

El Paso International Airport Advisory Board, Texas$875,634.84Sep 30, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the economic incentives contract by El Paso International Airport Advisory Board?

FERVERET was awarded this economic incentives contract by El Paso International Airport Advisory Board, as recorded on September 3, 2025. The contract value is $875,634.84.

How much is the FERVERET contract with El Paso International Airport Advisory Board worth?

The FERVERET contract with El Paso International Airport Advisory Board is valued at $875,634.84, covering economic incentives work.

What type of contract is this?

This is a Economic Incentives contract, documented as a minutes record.

Where was this contract approved?

This contract appears in el_paso_city_council_meeting_minutes.pdf (Minutes), dated September 3, 2025 from El Paso International Airport Advisory Board. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does FERVERET hold?

FERVERET may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is El Paso International Airport Advisory Board currently buying?

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