City of Albuquerque Economic Development Department – Micro-Business Relief Program
Agency / Department: City of Albuquerque Economic Development Department
Resource: Micro-Business Relief Program
Details: The City of Albuquerque Economic Development Department is providing a $500,000 Micro-Business Relief Program to provide vital economic support to small 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. The City of Albuquerque will begin accepting applications on Monday, March 30, 2020. The City will provide relief for small businesses across Albuquerque that are seeing a reduction in revenue because of COVID-19. The City is offering small businesses with fewer than 5 employees a grant of up to $5,000 to support day-to-day operating expenses only of the business, such as payroll or losses due to destabilizing events.