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Los Lunas to offer small business grants

Copyright © 2020 Albuquerque Journal

The Village of Los Lunas is accepting applications for a small business grant program funded by the federal CARES act, a news release said.

Los Lunas’ $335,475 grant will fund two rounds of grant applications for qualified businesses. One will allow businesses to apply for funds to cover expenses incurred since March 1 until now, while the other will fund expenses incurred through December 30. Those can include “business continuity expenses, business redesign expenses and all expenses that fit into the following categories: non-owner employee payroll, rent, scheduled mortgage payments, insurance, utilities, marketing, reconfiguring physical space, installing plexiglass barriers, purchasing web-conferencing or other technology to facilitate work-at-home, and PPE for employees,” the release said.

Applicants may apply for grants of up to $10,000.

Businesses must be registered within the Village of Los Lunas, have no more than 50 full-time equivalent employees who are employed in New Mexico and be headquartered in New Mexico. They also must have had an annual income of $2 million or less before the pandemic, and must either have been forced to close or to scale back operations as a result of public health orders from the state.

The first round of funding is open through Oct. 2. The second round will run from Oct. 2 to 16, the release said.

More information is available at www.loslunasnm.gov.

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