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Economic Development

BernCo Commissioners Approve Second Round of CARES Grants for Small Businesses

08/12/2020

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. Bernalillo County Commissioners approved a second round of grants, this time giving priority to businesses using the money for wages.

The grants will be up to $10,000 for qualifying small businesses. The county allocated $5-million in June and dispersed $3.2 million during the first round of CARES grants, leaving roughly $1.8 million available for this grant application period.

“The Economic Development team continues its outreach to small businesses, throughout the county, that are struggling during the coronavirus (COVID-19) pandemic” says County Commission Chair, Lonnie Talbert. “This small business grant program is a necessary effort to keep our small business owners viable and their doors open.”

For a business to qualify, it must have a physical establishment located within Bernalillo County and have one-50 full-time employees, or equivalent part-time employees. Additionally, businesses and organizations 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.

The application process will open on Aug. 17, and close on Aug. 23, unless funds are exhausted sooner. Needed documentation for the grant application can be found on the county website here: https://bit.ly/3gVuS11.

The second CARES grant process was approved by the commission on a 4 - 0 vote. Commission Chair Lonnie Talbert was excused from the meeting.

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