State Disburses $178M In CARES Act Funding To Local, Tribal Gov’ts, Over 3,000 Small Businesses In New Mexico
STATE News:
SANTA FE — The New Mexico Department of Finance & Administration (DFA) concluded the distribution of $178 million in federal CARES Act funds to 83 local governments, 21 tribal governments, and more than 3,000 small businesses across New Mexico.
New Mexico is one of the few states to offer such a large amount of CARES Act aid directly to local and tribal governments.
“The COVID pandemic has caused a tremendous strain on local and tribal governments and on small businesses across our state,” Gov. Lujan Grisham said. “This money has gone a long way to support the restaurants, retailers, and other small businesses that are struggling to get by. It is vital that we do whatever we can to keep them in business and keep people employed through the pandemic because they are an essential part of our state’s economic recovery.”