Important CARES information analyzed by Atkinson CPA: Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout. In addition to the summary of IRS actions and...
Economic Development
Update From NMED: SBA Money on First Come, First Serve Basis
Dear New Mexico Businesses, As most of you know, the federal stimulus guidelines were rolled out Friday. There is $350 billion allocated to small businesses. However, the SBA told us yesterday during a webinar that you have until June 30, 2020 to access this money but...
The Long Check List of Finance and Tax Help
Thanks to our friends at Atkinson & Co. here's a giant checklist to help you find out where to go and what paperwork to fill out: As information continues to flow in, and as professionals everywhere are being bombarded with questions about the various programs...
Updated SBA Application Released
The SBA has updated their application. The new streamlined SBA EIDL application is asking for bank routing numbers so they can process the 10k advance. Note: No financial statements are required. We recommend that the small business who applied a week ago, go to...
Update from ABQ Economic Development Director Synthia Jaramillo
If some if you had the pleasure of working with ABQ Economic Development Director Synthia Jaramillo, you'll know how much she's got the grit to fight for small businesses. Take a look at her interview with New Mexico In Focus....
Local Economic Development Act (LEDA) Funding
From NM Idea: Local Economic Development Act (LEDA) Zero-Percent Interest Loans Limited to expenditures for land, building and infrastructure Can be used for lease abatement or mortgage assistance Company must be a qualified entity (manufacturer, non-retail service...
Must Watch Webinars for New Mexico Business Owners
New Mexico leaders did a super helpful webinar that overviews where to go and who to talk to. Click here to watch Economic Development’s Explanation of the Loan Guarantee Watch the webinar for ALL small business resources
New Mexico’s Economic Rapid Response Task Force
This collaborative is between the Economic Development, Workforce Solutions and Tourism departments, working directly with the Office of the Governor. They’re offerring help with economic recovery. Here’s the questionnaire you can fill out if you don’t know which...
Summary of Coronavirus Aid, Relief and Economic Security (CARES) Act
The American Society of Association Executives put this one-sheeter together to explain the massive bill that’s relevant to us. Download the PDF here.
More Resources to come!
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