El Paso, FERVERET sign $875K Economic Dev agreement

The City of El Paso is authorized to sign an Economic Development Program Agreement with FERVERET, INC., for a total amount of $875,634.84 over 3 years. The agreement requires the creation of 30 full-time employees and provides economic incentives in the form of Rental Assistance, Operating Expenses, Tenant Improvements, and Business Expense assistance.

Document date · September 30, 2025

Track El Paso International Airport Advisory Board contracts

Get alerts when new contracts are awarded or existing ones approach renewal at El Paso International Airport Advisory Board.

Get started free

Create a free account · no credit card

Work in government? Get Civic IQ free

Scope & details

The full contract record, as filed.

Contract amount

$875,634.84

Contract type

Economic Development

Contract term

3 years

Document type

Agenda

Source document

city_council_regular_meeting_agenda_september_2025.pdf

Related contracts

Other contracts from FERVERET.

View all →

el_paso_city_council_meeting_minutes.pdf

approved

El Paso International Airport Advisory Board, Texas$875,634.84Sep 3, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

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

FERVERET was awarded this economic development contract by El Paso International Airport Advisory Board, as recorded on September 30, 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 development work.

What type of contract is this?

This is a Economic Development contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city_council_regular_meeting_agenda_september_2025.pdf (Agenda), dated September 30, 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.

View FERVERET's profile

What is El Paso International Airport Advisory Board currently buying?

Explore El Paso International Airport Advisory Board's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View El Paso International Airport Advisory Board's profile