The City of Deming and DLCED have collaborated to bring relief to local businesses in our community that have been adversely affected by COVID-19.
Upon meeting all requirements and successfully completing the application, businesses will be awarded partial or full funding contingent upon resources available. The Cit
Municipalities and Counties can apply for funding under the CARES Act that reimburses expenses related to COVID-19. In conjunction with reimbursements the City of Deming will be acting as the fiscal agent to administer funds to our small business community.
This grant is available to qualifying small businesses with 50 or fewer full-time equivalent employees in New Mexico if funding remains for the program. The grant proceeds must be spent on eligible “business continuity” expenses. In addition, you may qualify for additional funding for “business redesign” expenses necessary to adopt COVID Safe Practices, and eligible expenses for both portions of this grant program outlined below.
To be eligible, your company must be headquartered in New Mexico and either have been forced to close or severely curtail business operations as a result of closure orders from the state and have an annual revenue of $2 million or less prior to the impact of COVID-19.
Grant awardees must spend “business continuity” grant money on non-owner employee payroll, rent, scheduled mortgage payments, insurance, utilities, or marketing. Grant awardees must spend “business redesign” grant money on things like reconfiguring physical space, installing plexiglass barriers, purchasing web-conferencing or other technology to facilitate work-at-home, or PPE for employees.
The applications are not open to small businesses at this time. Municipal and County applications are due August 7, 2020 and entities should be notified of awards by August 21, 2020.
At that time, there will be more guidance for small businesses to apply. You can view the document below to understand what types of documents and information will be required for this fund.