Roosevelt County Supporting Small Businesses Through Grant Program
Portales, NM - Roosevelt County has received federal CARES ACT funding through the State of New Mexico to assist local small businesses that have been negatively impacted by the COVID-19 pandemic. Total grant funds available are $239,625, and one-time grant awards up to $10,000 will be made based upon funds availability and business/nonprofit eligibility. The County will begin accepting applications for the Roosevelt County Small Business Grant Program on Sept. 30, 2020.
Funds can only be used to reimburse the costs of business interruption caused by required closures provided those costs are not paid by insurance or by another federal, state, or local program. These grants can be utilized to reimburse the following State approved list of eligible expenses:
Non-owner employee payroll
Rent or Scheduled mortgage payments
Reconfiguring physical space
Installing plexiglass barriers
PPE for employees
Purchasing web-conferencing or other technology to facilitate work-at-home
Temporary structures to mitigate the spread of Covid-19
The application process will open Sept. 30, 2020 and remain open until funds are exhausted (awards will be based on first come basis) with first awards being distributed after October 14, 2020. Applications can be completed online at https://www.rooseveltcounty.com/?page_id=9468. For more information, please contact the Roosevelt County Chamber of Commerce or the Roosevelt County Community Development Corp. at 575.356.8541 or Roosevelt County Administration at 575.356.5307 or email firstname.lastname@example.org.
- Business must have experienced business disruption due to COVID-19 pandemic;
- Business must have a physical location within Roosevelt County;
- Business must have 50 employees or fewer (full-time equivalent);
- Business must have annual revenues of no more than $2 million;
- Business must have been in operation for 12 months prior to March 1, 2020;*
- Business must submit a complete application;
- Business owners must be willing to sign a public participation agreement with Roosevelt County if selected to receive funding.
- Businesses may request an exemption by attaching a detailed request explaining why they believe this requirement should be waived. The County will review each request and make a determination based upon the merits of the reasons given.