NEWS RELEASE For Immediate Release: July 30, 2020
Small businesses impacted by pandemic can apply for grant funds
City of Roswell, Chaves County and the Economic Development Corporation are partnering to help get federal money that was awarded to the state into the hands of local businesses; applications must be submitted by this Monday, Aug. 3
Roswell, N.M. — Local small businesses impacted by the COVID-19 pandemic can apply for financial assistance that will be available through local governmental entities working together to acquire federal money that was awarded to the state.
Gov. Michelle Lujan Grisham announced this week that money awarded to New Mexico through the federal CARES Act (Coronavirus Aid, Relief and Economic Security) is being made available to local government entities and small businesses to assist with the financial burden caused by the pandemic and the resulting state-ordered restrictions. The City of Roswell, Chaves County and the Roswell-Chaves County Economic Development Corporation are partnering to provide and collect the “Small Business Continuity Grant” applications from local small businesses. Those applications will become part of the governmental entities’ overall application for a portion of the CARES Act funding designated to New Mexico.
The grant is open to New Mexico-headquartered businesses with 50 or fewer full-time employees. A qualifying business must have been forced to close or severely curtail operations as a result of state orders related to the pandemic. A business must also have an annual revenue of no more than $2 million prior to the pandemic impact.
Businesses receiving grant funding must spend the “business continuity” money on employee payroll (excluding the business owner), rent, mortgage payments, insurance, utilities or marketing. Some grant funding can be awarded for “business redesign” and that money must be spent on things such as reconfiguring physical space, installing plexiglass barriers, purchasing web-conferencing or other technology to facilitate work-at-home options, or acquiring personal protective equipment for employees.
Roswell and Chaves County small businesses must submit their applications by Monday, Aug. 3, at 5 p.m. to Melissa Juarez, project manager for Roswell-Chaves County Economic Development Corporation. Applications are available online at chavescounty.net and in person at the EDC office at 220 N. Main St. in Roswell. Completed applications can be submitted at the office or by email to email@example.com. For more information, Juarez can be contacted at the email address or (575) 622-1975.