Kirtland Small business continuity grant

The Town of Kirtland was awarded CARES Act funding through the State of New Mexico for Small Business Continuity Grants (SBCG).  Applications are currently being accepted on a first-come, first-serve basis, and contingent upon eligibility, COVID-19 related financial impact, and availability of funds. The State of NM has made this grant available to qualifying small businesses based on the following eligibility criteria.

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Businesses must be headquartered in New Mexico with 50 or fewer full-time equivalent (FTE) employees and have annual revenue of $2 million or less prior to the impact of COVID-19* and must have been in business prior to March 1, 2019. For purposes of this document, an FTE is an employee who has worked more than 30 hours per week.  To calculate FTE’s, take the total number of hours worked between all employees for the month and divide by 120.

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Proceeds from the grant must be spent on eligible Business continuity and/or Business redesign expenses.  Business continuity grant funding may be spent on non-owner employee payroll, rent, scheduled mortgage payments, insurance, utilities, marketing, and other fixed expenses related to the operation of the business. Business redesign grant funding may be spent on items such as installing Plexiglas barriers, purchasing web-conferencing, or other technology to facilitate work-at-home, PPE for employees, or reconfiguring physical spaces to meet COVID guidelines. Grantees will be required to submit receipts for expenditures to receive reimbursement under this grant (expenditures can have been incurred anytime from March 1st to December 30th of 2020).

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             Qualified applicants will be awarded grants as follows:

                        1-10 employees may receive up to - $5,000

                        11-50 employees may receive up to - $10,000

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*Businesses with multiple locations will only be allowed one grant award and total employees (50 FTE) / revenues ($2 m) for all locations must not exceed the thresholds described above. 

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If the applicant received a Paycheck Protection Program loan or an Economic Injury Disaster Loan from the Small Business Administration, the applicant cannot submit the same expenses for reimbursement in the documentation for the SBCG.

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​If you have questions, you may call (505)598-4160, Monday through Friday between 8:00 and 5:00 pm, or email town@kirtlandnm.org.

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