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Economic Development

BernCo Commissioners have approved a second round of Coronavirus Aid, Relief, and Economic Security (CARES) grants for small businesses.

The applications will open on Aug. 17, 2020 in English and Spanish and will be posted here at 8 a.m. that day. 

 

How to Apply

Bernalillo County small business owners who wish to apply for emergency financial support through the Bernalillo County CARES small business grant for qualified small businesses to assist with costs associated with business interruption caused by required closures due to the coronavirus (COVID-19) pandemic will need to be prepared with specific business information and forms.

Through this program, the county will offer one-time grants up to $10,000 to qualifying small businesses and nonprofits to cover costs such as employee wages, vendor bills, and rent. $1.8 million has been allotted for this second round of funding, which is available as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act federal stimulus package.

The link to the application will be available here on Monday, Aug. 17 at 8 a.m. 

CARES ACT application requirements at a glance.

The application process will be electronic and will require the following documentation be attached to the application:

Required Documents

  • W-9 Form
  • Active State Organization Registration (Articles of Incorporation)
  • New Mexico Secretary of State Certificate of Good Standing
  • Organization Financials (2019 Tax Return or equivalent)
  • Staffing Documentation for 2019 (W-3 Summary, 1096 OR 2019 or 2018 IRS FORM 941)
  • Updated and Current Property Tax Receipt or Copy of Current Lease
  • New Mexico Taxation and Revenue 2020 CRS Documentation
  • Current Bernalillo County or City of Albuquerque Business License

Note: Grants will be processed on a first-come, first-served basis.

Once the online process has begun, it cannot be saved. If an applicant exits the application process before submitting, the process will begin again when the applicant clicks the link. Once the form is complete and the documents are attached, applicants will click on the submit button and the application is complete. Applications cannot be accessed again once they are submitted.

Priority will be given to businesses and organizations that did not receive funds from the Small Business Administration’s Economic Injury Disaster Loan (EIDL), Federal Paycheck Protection Program (PPP), or small business assistance funds from the State of New Mexico or, Bernalillo County CARES Small Business Grant, or the City of Albuquerque. Reimbursement is not required for grant recipients.

The application process will open on August 17, and close on August 23 or sooner if funds are exhausted.

Regardless of whether a business is eligible for this program, it may still qualify for other existing assistance programs.

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