### El Paso, The City of Money El Paso is home to an array of riches and opportunities. From flavorful Tex-Mex restaurants to an abundance of sun for soaking up rays, El Paso has something for everyone. But in addition to its many amenities, the city is also has a long and complex history with money. From its wild west past to its modern-day city planning, El Paso is truly a city of money. #### El Paso’s Wild West Roots El Paso began as an outpost along the Rio Grande, where adventurers and gold diggers believed their luck had finally arrived. The city quickly became a hub for different nationalities and cultures, all seeking a means to gain wealth. The Wild West was a time of boom, with cattle, horses, and mining underpinning the city’s economic standing. In 1848, when the U.S. annexed Texas, El Paso was declared the county seat and quickly become a financial center in the west, as well as the home of several iconic banks. As the region’s agricultural boom connected more and more people to El Paso, the city continued to build its reputation as a great city of money. #### Modern Day El Paso In the modern day, El Paso is no less a city of money than ever before. The city’s financial infrastructure has flourished, and its diverse economy serves as the backbone of the region. Under the leadership of El Paso Mayor Dee Margo and other avid economic-development leaders, the city has embraced a range of economic endeavors, including tourism and energy, to help strengthen the community. In addition to its financial appeal, the city’s cultural roots and scenic beauty further attract visitors and newcomers. #### How El Paso Uses Its Money Despite the city being a financial hub, El Paso has long struggled to find a sound way to use its money for the benefit of its citizens. The City of El Paso has been exploring a variety of options to better serve its community and make the most of its finances, ranging from investments in local businesses and tourism to educational programs and services for the city’s elderly population. With city leadership at the helm, El Paso is committed to investing the money into its future development, making sure its citizens receive the resources and infrastructure needed to prosper in the new economy. #### FAQ ##### How Does El Paso Make Money? El Paso makes money through a mix of sources, primarily through taxes, tourism and industry. Additionally, the city has a vibrant entrepreneurial culture that also provides money to the city. ##### Where Does El Paso Spend Money? El Paso spends its money on a variety of projects, including investments in infrastructure, services to elderly citizens, education, and promotion of local businesses. The city is also committed to investing its money into its own economic development, to ensure the community has the resources it needs to create a better future.
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