Coronavirus (COVID-19) Relief Center
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New Miexico
These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on May 14, 2020.
For more up-to-date information on the relief programs available in New Mexico, we recommend that you visit the state’s COVID-19 Resources website.
Description of Program and Relief
Albuquerque, New Mexico: Micro-Business Relief Program
The Mayor of Albuquerque and the City of Albuquerque Economic Development Department have announced a $500,000 Micro-Business relief Program to provide economic support to Albuquerque businesses needing assistance in overcoming the temporary loss of revenue due to COVID-19. The City of Albuquerque will provide working capital grants of up to $5,000 for qualifying small businesses impacted by COVID-19.
Government or Lead Agency
The City of Albuquerque Economic Development Department
Dates Available
Effective as of March 30, 2020
Eligibility Requirements/Restrictions
Requirements include, but are not limited to:
• The business must have 5 or fewer employees, including the owner/s.
• The business must be registered and physically located within the Albuquerque city limits.
• The business must have experienced financial hardship due to COVID-19.
• The business must have been a business for the last 6 months.
• Grant funds must be deposited into a business bank account and only be used for business expenses.
• Business owners must agree to provide a report about the use and results of the grant fund six months after receipt.
• Businesses that are franchises or restricted to patrons above the age of 18 or older will not be eligible for an award.
Application Deadlines (If Applicable)
N/A
Contact for More Information
© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.