Silver City/Grant County Chamber of Commerce

April 12, 2021

New Mexico Gas Company COVID-19 Relief for Small Business Customers

Qualified accounts will be eligible for a one-time credit of 0.50 cents for every dollar paid, up to $250, not to exceed the total balance on the account on a first come first served basis.

Applications will be accepted through March 31, 2022 or until all funds have been allocated, whichever comes first.

Program Requirements – To qualify, a small business must be:

Registered with the New Mexico Secretary of State.
An active non-residential, Small Volume Rate 54 customer. Please refer to page 2 of your NMGC bill.
A NM, locally-owned business with 50 or fewer employees.
Experiencing financial hardships due to COVID-19, with an account at least 30 days in arrears.
Able to pay at least 15% of the past due balance and agree to enter into a payment arrangement for the remaining past due balance.

Source: https://www.nmgco.com/SmallBusiness/CovidRelief

April 12, 2021

Restaurant Revitalization Funding Available Now

An eligible business may receive a tax-free federal grant equal to the amount of its pandemic-related revenue loss, calculated by subtracting its 2020 gross receipts from its 2019 gross receipts.

Eligible expenses are those incurred from February 15, 2020 to December 31, 2021, or a date determined by the SBA. If all grant funds are not spent by the business, or the business permanently closes before the end of the covered period, the business must return unused funds to the Treasury.

For more information, check out: https://restaurant.org/downloads/pdfs/advocacy/understandingrrf

April 3, 2021

SBA Economic Injury Disaster Loan

COVID-19 Economic Injury Disaster Loans Increase Lending Limits

The U.S. Small Business Administration announced that the deadline to apply for the Economic Injury Disaster Loan program for the COVID-19 pandemic disaster declaration has been extended to Dec. 31, 2021.

If you are a small business, nonprofit organization of any size, or a U.S. agricultural business with 500 or fewer employees that have suffered substantial economic injury as a result of the Coronavirus pandemic, you can apply for the COVID-19 EIDL.

EIDL loan applications will continue to be accepted through December 2021 pending the availability of funds. Loans are offered at a 3.75 percent interest rate for small businesses and a 2.75 percent interest rate for nonprofit organizations, with a 30-year maturity and an automatic deferment of one year before monthly payments begin.

For loans approved starting the week of April 6, 2021: 24-months of economic injury with a maximum loan amount of $500,000.

Eligible small businesses and nonprofits can apply for the program at https://www.sba.gov/funding-programs/loans/covid-19-relief-options/covid-19-economic-injury-disaster-loan .

March 14, 2021

Protecting Workers: Guidance on Mitigating and Preventing the Spread of COVID-19 in the Workplace

This guidance is intended to inform employers and workers in most workplace settings outside of healthcare to help them identify risks of being exposed to and/or contracting COVID-19 at work and to help them determine appropriate control measures to implement. Separate guidance is applicable to healthcare (CDC guidance) and emergency response (CDC guidance) settings. OSHA has additional industry-specific guidance. This guidance contains recommendations as well as descriptions of mandatory safety and health standards. The recommendations are advisory in nature, informational in content, and are intended to assist employers in providing a safe and healthful workplace.

View the OSHA website.