HELP FOR BUSINESSES IMPACTED BY THE COVID-19 HEALTH EMERGENCY
(last updated March 2, 2021)
The NMSBDC is here to help entrepreneurs navigate through these uncertain times, no matter where you are in your business cycle. This page is continuously being updated with COVID-19 information relevant to businesses, including resources, videos, and links to additional material from various government agencies. If you have specific questions and need to speak to a Counselor or you are looking for live trainings, we are here for you.
We are all in this together New Mexico.
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 and view the 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.
Visit this page to get the latest stories from CO— and click here for U.S. Chamber policy updates and guidance. A full suite of on-demand content from 2020 onward is available here.
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.
23 Frequently Asked PPP Loan Questions, Answered
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
New Paycheck Protection Program (PPP) Loans 12/28/20: How to Qualify and Apply
Amended Public Health Order Eases Restrictions on Recreational Facilities, Entertainment Venues, Casinos
On Wednesday, Feb. 24, the state of New Mexico published the revised Public Health Order, which permitted the operation of Recreational Facilities, Entertainment Venues, and Casinos. The Public Health Order also amended the "Red to Green" framework to allow for further eased restrictions on mass gatherings and tourism-related businesses. The amended Public Health Order introduces a "Turquoise" level for counties that meet the criteria of the "Green" level for the two most recent 14-day reporting periods.
With the introduction of Recreational Facilities, Entertainment Venues and Casinos, there are also changes to the Red, Yellow and Green Levels. You can review changes to those levels here, as the framework now accounts for recreational facilities, entertainment venues, casinos, and bars and clubs. Review New Mexico Tourism's Full News Release Here.
In order to ensure that businesses that fit the definition of Recreational Facilities, Event Venues, and Casinos are prepared to operate with the safety of employees and customers in mind, additional COVID-Safe Practices for those business sectors were published today (2/24/21). If your business fits the definition of a Recreational Facility, Event Venue, or Casino, you can review the newly-published CSPs here. If you would like to review the types of businesses or venues that fit the definition of a Recreational Facility, Event Venue or Casino,click here.
Accessing and applying for financial resources, SBA Economic Injury Disaster Loans (EIDL), including Paycheck Protection Program (PPP) loans, and all types of SBA and non-SBA loan programs, or non-SBA grants
Protecting your workplace, employees, and customers against potential health and safety threats, including the prevention of the transmission of COVID-19 and other communicable disease
Understanding and preparing for the potential effects of sudden natural or manmade disasters on your supply chains, operations, finances, payrolls, distribution, and sale of products
Developing robust web integration, online sales and marketing, cybersecurity, online distribution, and delivery services for your small businesses
Developing and executing Continuity of Operations through planning, telework, and remote management and customer service practices to sustain your business activities during periods of interrupted business service
Protecting your small business's intellectual property
Online and in-person cyber-security awareness training on the risks and mitigation of cyber threats in online commerce, remote customer service, or telework
Mitigating the effects of reduced travel or outside activities on your small business