CARES ACT SMALL BUSINESS CONTINUITY GRANTS STILL AVAILABLE FOR BAYARD BUSINESSES
Also, The City of Bayard has received $93,188 in funding under the Small Business Continuity Grant – CARES Act Relief Funds and Bayard businesses are encouraged to apply. Applications and eligibility requirements can be downloaded from the City of Bayard website at www.cityofbayardnm.com
Small businesses headquartered in New Mexico with 50 or fewer full-time equivalent employees, have revenue of $2 million or less prior to COVID, and either have been forced to close or severely curtail business operations as a result of closure orders from the state can apply.
Business Continuity expenses such as non-owner employee payroll, rent, scheduled mortgage payments, insurance, utilities and marketing are covered, as well as business redesign in response to COVID are covered under the grant.
Applications will be received until December 5, 2020 and awards will be made until funds are exhausted.