ALBUQUERQUE - More than 6,500 hard-hit New Mexico businesses and nonprofits are receiving an extra Christmas present: up to $50,000 in grant funding from the government.
However, because of a higher-than-expected number of applications for the program set up by the state using federal funding less than half of the organizations that applied will receive a grant. The number (of applications) that we couldn t fund was very hard for us, said Marquita Russel, CEO of the New Mexico Finance Authority, the state agency that administered the program.
The Small Business CARES Relief Grants program was part of a larger $320 million pandemic aid package passed by state lawmakers during the recent special session.
Some 6,000 Santa Feans will have to wait for federal jobless benefits
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More than 6,500 hard-hit New Mexico businesses and nonprofits are receiving an extra Christmas present: up to $50,000 in grant funding from the government.
However, because of a higher-than-expected number of applications for the program – set up by the state using federal funding – less than half of the organizations that applied will receive a grant.
“The number (of applications) that we couldn’t fund was very hard for us,” said Marquita Russel, CEO of the New Mexico Finance Authority, the state agency that administered the program.
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The Small Business CARES Relief Grants program was part of a larger $320 million pandemic aid package passed by state lawmakers during the recent special session.
Updated: 8:19 AM MST Dec 29, 2020 Marissa Armas After a lot of uncertainty, President Donald Trump finally signed off on a major coronavirus stimulus package late Sunday.The $900 billion package is going to provide some relief, but not just for individuals. It ll also help small businesses, schools and even nursing homes. The president waited until the 11th hour to sign the COVID stimulus bill, said Brian Sanderoff, KOAT s political expert. This stimulus package will include so many things for families and small businesses, so it’s really great news for New Mexico that it passed. Last week, Congress agreed on the package, and they’ve since been waiting for the president’s approval. This new package includes a $600 stimulus check for eligible individuals. It also expands unemployment benefits and provides small business relief. The small businesses that have been ravished by the pandemic could apply again for the PPE forgivable loan, Sanderoff said.
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At the time of compiling this report, the New Mexico Department of Health, announced a new total of 138,659 New Mexico COVID-19 confirmed positive cases statewide, an increase of 700 new cases. In addition, COVID-19 cases recorded locally are as follows: Grant County has increased 12 new cases for a total of 843 positive cases with 314 recovered; Luna County has increased 6 new cases for a total of 2,309 positive cases with 1467 recovered; Hidalgo County remained at a total of 229 total positive cases with 144 recovered; and Catron County has remained at a total of 55 positive cases with 19 recovered. In addition, there are currently 788 COVID-19 hospitalizations statewide.
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