Economic Security Bill Aims To Bring Back Employees Grants up to $100,000 awarded for job creation

25 Jan 2021


SANTA FE, N.M. – A major economic recovery initiative, backed by Gov. Michelle Lujan Grisham, that would pump another $200 million into New Mexico small businesses to create jobs and rehire workers, was introduced today in the Legislature by Rep. Christine Chandler.

House Bill 11 taps into the unused dollars set aside by the State Investment Council and the New Mexico Finance Authority for the Small Business Recovery Loan Fund, converting the funds into grants to assist business that have incurred steep revenue losses.

“Supporting businesses that are struggling to rebuild and rehire employees is key to our economic recovery and a top priority of my administration,” Gov. Michelle Lujan Grisham said. “This is an unprecedented and innovative way to help thousands of businesses and is part of our ongoing efforts to stimulate and sustain our state’s economic recovery.” 

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