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46% of New Mexico grant applicants get virus relief funds

46% of New Mexico grant applicants get virus relief funds
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State approves 6,500 small business grants

Created: December 29, 2020 10:19 PM
ALBUQUERQUE, N.M. A lot of businesses have been reaching out for help during the pandemic, but many will soon be out of luck after the state said they ran out of CARES Act funds.
The state said more than 14,000 companies applied for small business grants approved by lawmakers last month. However, only 6,500 will receive money.
Officials with the city of Albuquerque also said they ran out of its shares of CARES Act funding.
During the city’s last rounds of applications, they had 332 grants available, but received 796 applications. According to the city’s website, “those who have applied will be placed into a lottery and will be notified by our small business office.” ....

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