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

25 Jan 2021

News

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.”

Read full article.

More Topics

$2.2B of New Private Investment and More Than 7,000 Jobs as Companies Move to NM

Jan 25 2021

Over the past two years, private investment in New Mexico has blossomed. Thirty projects totaling nearly $2.2 billion of new monies has benefited a number of sectors and different parts of the state. Film, emerging technologies, aerospace and aviation, advanced manufacturing, energy and value-added agriculture are among the industries relocating...

Chevron donates $100,000 to Friends of the Living Desert to support energy efficiency and facility upgrades at New Mexico state park

Jan 21 2021

Chevron announced today that it has donated $100,000 to Friends of the Living Desert, a non-profit organization founded in 1982 to provide supplemental financial assistance and volunteer support to Living Desert Zoo & Gardens State Park in Carlsbad, New Mexico. Living Desert Zoo & Gardens State Park opened in 1971 and is owned...

Entrepreneurs, Here's Why 2021 Is The Right Time To Start Your New Business

Jan 13 2021

The year 2020 came with its own share of problems. If there is one thing to learn from living through pandemics and lockdowns, it’s that a lot can change in a year. Many entrepreneurs started last January with high hopes and expectations for their businesses. However, many of those expectations...