Bernalillo County: Second Round of CARES Grants for Small Businesses
Bernalillo County is continuing to provide emergency financial support through the Coronavirus Aid, Relief, and Economic Security (CARES) Act federal stimulus package for qualified small businesses. A second round of grants will be offered, this time giving priority to businesses using the money for wages.
Amount: $1.8 million is available to make grants that range up to $10,000.
Eligibility: Businesses that have a physical establishment located within Bernalillo County and have one-50 full-time employees, or equivalent part-time employees. Businesses must not have received more than $3 million in taxable receipts per annum. Priority will be given to businesses and organizations that did not receive funds from the Small Business Administration’s Economic Injury Disaster Loan (EIDL), Federal Paycheck Protection Program (PPP), or small business assistance funds from the State of New Mexico or the City of Albuquerque. Reimbursement is not required for grant recipients.
Deadline: The application process will open on August 17, and close on August 23, unless funds are exhausted sooner.
|Eligibility||For Profit Organization|
|Sector||COVID-19 Emergency Response, Economic Development/Job Training|