Help for Businesses Impacted by the COVID-19 Health Emergency
(last updated March 2, 2021)
The Shuttered Venue Operators (SVO) Grant program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the SBA’s Office of Disaster Assistance. Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees. For additional details, visit the SBA website for SVOG Updates, Cross-Program Eligibility Information, and Shuttered Venue Operators Grants Frequently Asked Questions (revised 02-28-21).
SBA's Shuttered Venue Operators DUNS and SAM.gov Registration Training Video (February 18, 2021):
The Biden administration just announced major changes to the Payroll Protection Program, aimed at extending aid to minority-owned businesses and to the nation’s smallest firms. Only businesses with fewer than 20 employees will be able to apply for PPP funds through March 9. The administration is also making other changes that could impact small business’ access to pandemic relief. Learn about these changes at the U.S. Chamber's next Small Business Update on Thursday, February 25:
Small Business Update Webinar 2/25: PPP for Small Businesses
Click Here for a list of Upcoming Live Events from CO— by U.S. Chamber of Commerce
Targeted EIDL Advance Low-Income Community Mapping Tool
Are you looking to determine if your business is in a low-income community and you’re potentially eligible for a Targeted EIDL Advance grant? A new mapping tool is available to help you determine if your business is in a low-income community, which is a requirement to qualify for a Targeted EIDL Advance. Check the tool to see if your business address meets the low-income community eligibility requirement before applying. The SBA is reaching out to potential applicants to determine eligibility, so no action is needed on your part until you receive an email from the SBA. Learn more here and visit the updated FAQs for more information.
A new coronavirus relief bill was passed by Congress and has been signed into law. Here are the 15 Big Changes that will impact your small business.
Hot Topic Tuesday — Dates You Need to Know for PPP 3.0
7 Resources for PPP Loan Forgiveness Help
SBA and Treasury Announce PPP Re-Opening; Issue New Guidance
Congress has passed several changes to the Paycheck Protection Program (PPP) and created a new round of PPP funds. Additional changes were also made to Economic Injury Disaster Loans (EIDL Program), the Employee Retention Tax Credit, and SBA loan programs. Please review the following informational guide created by the U.S. Chamber of Commerce for more information on the COVID-19 Relief Package legislation:
COVID-19 RELIEF PACKAGE
What does the new stimulus bill mean for your business?
More relief is on the way for small businesses across the country, now that the $900 billion stimulus package has been signed into law. Join U.S. Chamber Executive Vice President and Chief Policy Officer, Neil Bradley, and CO— Content Director, Jeanette Mulvey as they discuss the aid that's now available and what small businesses need to know:
Small Business Update 1/19/21: PPP and Stimulus Q&A
Small Business Update Webinar 1/5/21: More on PPP Loans and the Employee Retention Tax Credit
Small Business Update Webinar 12/22/20: The Latest Stimulus Details and Changes to PPP Loans
Click Here to View the Consolidated Appropriations Act, 2021 - H.R. 133
SBA.gov's New Spanish Website
The NMSBDC is here to help you navigate through these uncertain times, no matter where you are in your business cycle. If you have some specific questions and need to speak to a Counselor or you are looking for live trainings on new Federal programs, we are here for you. We are all in this together.
New Laws Taking Effect in NM beginning January 1st
This site is a collaborative between several federal, state, and local New Mexico entities intended to connect New Mexico medical providers with solutions and capabilities from across the State. It is not intended to address individual medical needs. If you are in need of immediate medical attention or help, please call 911 or refer to other communication avenues as publicized by local, State, or Federal entities.
New Mexico Small Business Investment Corporation
Resources from the Governor
Resources from the NM State Economic Development Department
Resources from the NM Department of Health
**The City will begin accepting applications on June 1, 2020.**
The City of Rio Rancho has developed an emergency relief package for small businesses and micro-enterprise businesses located within the City of Rio Rancho that are in jeopardy as a result of COVID-19 public safety measures. This program is funded through the U.S. Department of Housing and Urban Development CDBG program. Assistance is in the form of a performance grant. In the event that conditions established in the grant agreement are not met, the grant then becomes a loan at zero percent interest. Based on unprecedented requirements for social distancing, businesses have seen a dramatic decline in revenue.
Shop NM Businesses
We all want to help save local businesses. To that end, use this platform to help New Mexicans buy gift cards from these companies.
Industry In Action: COVID-19 Resources for Individuals and Businesses