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New Miexico

These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on May 14, 2020.

For more up-to-date information on the relief programs available in New Mexico, we recommend that you visit the state’s COVID-19 Resources website.

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Description of Program and Relief

Albuquerque, New Mexico: Micro-Business Relief Program

The Mayor of Albuquerque and the City of Albuquerque Economic Development Department have announced a $500,000 Micro-Business relief Program to provide economic support to Albuquerque businesses needing assistance in overcoming the temporary loss of revenue due to COVID-19. The City of Albuquerque will provide working capital grants of up to $5,000 for qualifying small businesses impacted by COVID-19.

Government or Lead Agency

The City of Albuquerque Economic Development Department

Dates Available

Effective as of March 30, 2020

Eligibility Requirements/Restrictions

Requirements include, but are not limited to:

• The business must have 5 or fewer employees, including the owner/s.

• The business must be registered and physically located within the Albuquerque city limits.

• The business must have experienced financial hardship due to COVID-19.

• The business must have been a business for the last 6 months.

• Grant funds must be deposited into a business bank account and only be used for business expenses.

• Business owners must agree to provide a report about the use and results of the grant fund six months after receipt.

• Businesses that are franchises or restricted to patrons above the age of 18 or older will not be eligible for an award.

Application Deadlines (If Applicable)


Contact for More Information

More information can be found here.

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