The Albuquerque Hispano Chamber of Commerce is dedicated to connecting local small businesses with resources to cope with the COVID-19 health crisis. Many businesses, organizations, and government agencies at all levels have stepped up to offer assistance to other businesses and the community. We have compiled a list of these resources and opportunities for small businesses to take advantage of during these unprecedented times. We will regularly update this list as more information becomes available.
IMPORTANT UPDATE: State Enacts Further Restrictions to Stop Spread, Including Stay-At-Home Instruction. This order also lists “essential businesses” to remain open.
Resources for Preventative Precautions:
Resources for Small Businesses:
Resources for the Community:
We will be updating this list on our website as we become aware of additional resources available. If you, or someone you know is offering resources to businesses or the community, please let us know by sending an email to ryan@ahcnm.org.
IMPORTANT UPDATE: State Enacts Further Restrictions to Stop Spread, Including Stay-At-Home Instruction. This order also lists “essential businesses” to remain open.
Resources for Preventative Precautions:
- Center for Disease Control and Prevention(CDC)
- New Mexico Department of Health
- World Health Organization
- Occupational Safety and Health Administration (OSHA)
Resources for Small Businesses:
- The U.S. Small Business Administration is offering Economic Injury Disaster Loans for up to $2 million to support small businesses in overcoming temporary loss of revenue. There is also assistance in the Paycheck Protection Program. Please check with the SBA New Mexico District Office for more information.
- President Trump has signed into law the Families First Coronavirus Response Act, which includes paid leave for certain workers impacted by COVID-19. For specific information on paid leave for employees and employers, please check with the U.S. Department of Labor.
- The State of New Mexico developed a webinar explaining various resources offered by the state.
- New Mexico Economic Development Department has created the COVID-19 Business Loan Guarantee Program that will guarantee a portion of a loan or line of credit up to 80% of principal or $50,000 that is flexible and can be used for working capital, inventory, payroll and more.
- Many banks are offering loan options to small businesses, including the U.S. Bank Quick Loan; WaFd Bank Small Business Lifeline; assistance from Wells Fargo; and many more. Check with your bank to see if they are offering loans, credit, or services to help your business.
- The City of Albuquerque Economic Development has developed a Coronavirus Pandemic Guide for Businesses and Organizations and is offering an opportunity to promote your local business’ deals and promotions with #SupportLocalABQ.
- The City of Albuquerque Economic Development has developed a Coronavirus Pandemic Guide for Businesses and Organizations, a Micro-Business Relief Program, and is offering an opportunity to promote your local business’ deals and promotions with #SupportLocalABQ.
- New Mexico Mutual has information regarding worker’s compensation and COVID-19.
- Many services providers, including PNM and New Mexico Gas Company, are offering extensions or assistance for bills to customers affected financially by COVID-19. Be sure to ask your providers for details on any assistance they may have in place.
- Department of Workforce Solutions will allow employees who have had their hours cut due to Coronavirus to claim partial unemployment benefits in an attempt to prevent layoffs.
- The Internal Revenue Service has issued guidance allowing all individuals and non-corporate tax filers to defer up to $1 million of federal income tax payments (due April 15, 2020) until July 15, 2020, without penalties or interest. The IRS and the State of New Mexico have also moved the filing deadline to July 15, 2020.
- The U.S. Chamber of Commerce offers Resilience in a Box resources to educate business leaders on disaster preparedness and business resilience.
- The U.S. Chamber of Commerce has also created a Coronavirus Response Toolkit with compiled recommendations for businesses and workers across the country, including a Guide and Checklist for small businesses applying for emergency loans .
- Google is offering free (until July 1, 2020) G Suite features that help employees stay connected and productive while working remotely.
- The Albuquerque Community Foundation and the United Way of Central New Mexico have deployed an Emergency Action Fund for short-term funding requests to support operations of nonprofit organizations struggling with immediate lost revenue and non-recoverable expenses due to COVID-19.
- The University of New Mexico’s Innovation Academy and STC.UNM are offering a special course, New Mexico Small Business Recovery: Take and Expand your Business Online, for local small businesses.
- The U.S. Hispanic Chamber of Commerce has developed a Resource and Technical Assistance Guide to Expand Capital for Hispanic and Minority-Owned Small Businesses with additional assistance related to the CARES Act.
- The New Mexico Economic Rapid Response Taskforce has developed a clearinghouse to enhance communications where the public can submit business questions, challenges, and feedback through the Business Rapid Response online submission form.
Resources for the Community:
- Albuquerque Public Schools Grab & Go Meals will be provided to students during three-week school closure at 89 sites throughout the city.
- GoFundMe.org has created a Global Relief Fund that will send grants to coronavirus-related fundraisers and non-profit organizations from around the world.
- The Robert Sotela Foundation will provide COVID-19 Care Packages to Albuquerque seniors and children in low income households without transportation.
- Rio Grande Educational Collaborative is offering childcare programs for families affected by the three-week school closure.
- The City of Albuquerque’s Department of Senior Affairs will be offering Pick Up meals and will continue to provide meal deliveries, despite site closures.
- Many grocery stores, including Smiths, Albertsons, Dollar General, and Target, are reserving time for only seniors to shop throughout the week to ensure they can get what they need in a clean, safe environment.
- Companies like Comcast and AT&T are offering substantial program enhancements to help families access internet at home for education, work, and personal health reasons.
- There continues to be a need for blood donations. If you are an eligible donor, please consider donating blood to ensure that there is enough for patients in need.
- The Albuquerque Journal has published a Q&A guide for individuals applying for unemployment due to the COVID-19 outbreak.
- Take the 2020 U.S. Census to help New Mexico in receiving future federal dollars, representation in Congress, and keeping local federal jobs.
- Local Initiatives Support Corporation has partnered with Verizon for the Verizon Small Business Recovery Fund funding to provide grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital.
- The New Mexico Public Education Department website has information about school closures, meal distribution, and community resources, quick links, friendly guidance, and more.
We will be updating this list on our website as we become aware of additional resources available. If you, or someone you know is offering resources to businesses or the community, please let us know by sending an email to ryan@ahcnm.org.
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