SBA to Increase Lending Limit for COVID-19 Economic Injury Disaster Loans
March 24, 2021WASHINGTON – The U.S. Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan […]
State Announces COVID-19 Exposure Notification App
March 23, 2021SANTA FE – The New Mexico Department of Health on Tuesday announced the launch of an Exposure Notification System. When activated on a Smart Phone, the app alerts individuals when they have been exposed to someone who has verified that they are infected with COVID-19. “This is a powerful tool in the fight to stop […]
2021 Legislative Roundup
As presented by NMIDEA, March 22, 2021 The Regular Session of the 2021 New Mexico Legislature officially adjourned at Noon on Saturday, March 20. During this year’s unique legislative session 804 bills and 111 memorials and joint resolutions were introduced. At the end of the 60-day legislation session, 158 bills were sent to the Governor […]
American Rescue Plan Act Elevates Small Business Support in Response to COVID-19 Pandemic
March 11, 2021 | Release Number 21-19Contact U.S. Small Business Administration at Press_Office@sba.govWASHINGTON – Upon President Biden signing the American Rescue Plan Act of 2021 into law, the U.S. Small Business Administration’s Senior Advisor Michael Roth stated: “The American Rescue Plan Act enables the SBA to continue to lift up the cornerstones of our communities; the mom-and-pop businesses and nonprofits that provide […]
Update to “Red to Green” Framework: Otero County is now YELLOW
March 10, 2021 Today, the state updated its list of counties that meet the requirements outlined in the “Red to Green” framework. This update include four more counties that have reached the “Turquoise” level. Counties in Turquoise Harding Catron Union De Baca Sierra Los Alamos Quay Counties in Green Socorro Roosevelt Santa Fe Lea San Juan […]
U.S. Dept. of the Treasury to Invest $9 Billion in Community Development Financial Institutions & Minority Depository Institutions through Emergency Capital Investment Program (ECIP)
March 4, 2021WASHINGTON – The U.S. Department of the Treasury announced that it was opening the application process for the Emergency Capital Investment Program (ECIP), a new initiative designed to support access to capital in communities traditionally excluded from the financial system and that have struggled the most during the COVID-19 crisis. The program will […]
Cybersecurity & Infrastructure Security Agency (CISA) Issues Emergency Directive Requiring Federal Agencies to Patch Critical Vulnerability
Original release date: March 02, 2021 | Last revised: March 03, 2021WASHINGTON – The Cybersecurity and Infrastructure Security Agency (CISA) issued Emergency Directive (ED) 21-02 today requiring federal civilian departments and agencies running Microsoft Exchange on-premises products to update or disconnect the products from their networks until updated with the Microsoft patch released yesterday. It also requires agencies who […]
Legislative Roundup-Less than 2 Weeks Left!
(from New Mexico Industrial Development Executives Association-NM IDEA)House Bill 68 (Space Flight Informed Consent Act Changes), sponsored by Representative Hochman-Vigil, provides liability certainty for human spaceflight companies, while updating key definitions to reflect the wide variety of companies already in and interested in coming to New Mexico. The Spaceport Authority notes the legislation “will enhance […]
Guidance on $600 Income Tax Rebates from NM Taxation & Revenue Department
Media Contact: Charlie MooreCharlie.Moore@state.nm.us(505) 670-5406March 5, 2021Certain tax payers who qualify for the New Mexico Working Families Tax Credit will also be eligible for the extra $600 Personal Income Tax rebate recently signed into law by Governor Michelle Lujan Grisham.The rebates are available to taxpayers who are not dependents, who receive the Working Families Tax […]
Business Start-up Grants for Science and Technology Application Deadline: March 29, 2021 by 5pm MST
Business Start-Up Grants can be used by potentially high-growth, for profit companies in New Mexico, with fewer than 50 employees, in the science and technology fields.Grant amounts are $10,000-$25,000 each. Awarded companies must agree to seek out additional funding and provide 6-month and 12-month status reports.Eligible companies must be in one of the following industry […]
“COVID-19 Local Food Supply Chain Response Fund”: Infrastructure Grant Program 2021
New Mexico Farmers & Ranchers Are Invited to Apply The New Mexico Farmers Marketing Association, in collaboration with the New Mexico Acequia Association, is pleased to introduce the 2021 Infrastructure Grant Program. The intention is to provide New Mexico farmers and ranchers with financial support for infrastructure needs to support goals including: Growing or improving […]
Governor Lujan Grisham Applauds Economic Security Measures
SANTA FE, N.M. – Gov. Michelle Lujan Grisham and Economic Development Cabinet Secretary Alicia J. Keyes applaud key legislative initiatives that will grow the economy, create jobs, and provide for a new layer of economic security for New Mexico families and businesses.The stimulus and relief measures are significant in reach, tackling all aspects of the […]