Albuquerque

Local governments rush to dole out remaining CARES Act funds before use-it or lose-it deadline – Albuquerque, New Mexico

Albuquerque, New Mexico 2020-11-23 00:53:05 –

CARES law spending in Bernarillo County and Albuquerque

Albuquerque and Bernarillo counties were awarded a lot of CARES law money and spent a lot compared to the rest of the state. The city of Albuquerque has donated about 78% of the $ 150 million and wants to support at least 2,000 companies.

“I am confident that the rest of the money will be used in an acceptable way,” a city spokesman said in a statement.

City officials said they would resume applying for the SME Economic Relief Grant Program on December 7.

Bernarillo County spent 80 percent of $ 30 million.

“Bernarijo County expects to spend more on the CARES Act by the end of the year. There are still some items and initiatives that are being evaluated,” a county spokesman said in a statement.

The rest of the state has so far used only 26 percent of its funding.

At the request of the CARES Act, the New Mexico Department of Financial Management has remitted funds to all regions except Albuquerque and Bernarillo County, which received funds directly from the federal government.

Spokesman Henry Valdes said he was confident that spending would increase in the coming weeks.

“It’s very important to provide these funds to the community,” said Valdez.

CARES law spending in Sandoval County

Municipalities are working hard to ensure that all their money is spent, but in some areas there are only five and a half weeks left before the deadline.

Sandoval County leaders said companies need to act swiftly. Officials said there were nearly $ 1 million in grants at the table that could help at least 48 companies.

The city of Rio Rancho also has its own funding from the CARES Act, with about $ 500,000 remaining.

The county has prioritized rural areas and said it has received 35 applications so far.

“I think it’s more urgent because of the current shutdown now. I thought I could go back to September as I reopened and the customers are back. That may not be the case, said Dora Dominguez, director of business and economic development in Sandoval County.

Dominguez said closed companies can also seek help.

“Whatever they got from us, I hope they can look back and open the door again,” she said.

Santa Fe County CARES Law Expenditure

SME financing is one category, but the other categories are less specific. In many areas, CARES law money is used to help struggling families pay for rent, mortgages, utilities, or food.

Over $ 25 million remains in spending in Santa Fe City and Santa Fe County.

“Yes. Yes. We are really working hard. The way we can spread the word is a good way. People say,” I just learned about this. I just heard about this. ” It’s very amazing to be there, “said Chris. Hyer, Economic Development Manager, Santa Fe County.

Other areas

A spokesperson for the city of Las Cruces said he was about to finish spending $ 12 million on funding the CARES Act.

The cities of Roswell and Farmington are other examples of successful spending.

“We are nearing the end of these funds and we are very pleased with what they can do for our community,” said Warren Ansicker, Director of Economic Development at Farmington. It was.

Spend the rest of the money

Municipalities throughout the state were funded by the CARES Act in September, and many were ready to accept applications in October. Unused money may eventually be returned to the federal government or paid to other states.

Meanwhile, state legislators will plan to spend more CARES law money during a special session starting Tuesday. Congressmen have about $ 300 million in funding.

See the list below for more information on how to apply for funds.

Albuquerque City: https: //www.cabq.gov/economicdevelopment/small-business-economic-relief-grant

Bernarillo County: https: //www.bernco.gov/economic-development/covid-19-resources-.aspx

Sandoval County: https: //www.sandovalcountynm.gov/covid-19-information/business-resources/

Santa Fe County: https: //www.dreamspring.org/covid-19-resources, https: //www.ncnmedd.com/santa-fe-grant-program



Local governments rush to dole out remaining CARES Act funds before use-it or lose-it deadline Source link Local governments rush to dole out remaining CARES Act funds before use-it or lose-it deadline

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