CITY OF PORTALES: City of Portales Local Small Business COVID-19 Relief Program

By Press release submission

May 9, 2020

City of Portales issued the following announcement on May 6.

Overview

The City of Portales in conjunction with Roosevelt County Community Development Corporation is sponsoring a new Local Small Business COVID-19 Relief Program to assist local businesses which have been negatively impacted by the COVID-19 pandemic. This program is funded through Economic Development gross receipts tax collections by the City. Total grant funds available are $400,000, and awards will be made based upon funds availability and business eligibility. Eligible businesses which apply may only receive a conditional grant for a portion of their request depending upon the number of and dollar amount of requests. This assistance is only intended to provide businesses with immediate, short-term cash flow assistance for the days from March 17, 2020 thru May 15, 2020. These funds will not be used to pay debts incurred prior to the March 17th public health order.

Applications are available on the City of Portales’s website at Portalesnm.gov. Applications will only be accepted electronically. Completed applications and required documentation must be submitted in full to Covid19Relief@portalesnm.gov no later than 12:00 pm (Noon) Friday, May 22, 2020. Conditional Grant award notifications will be made beginning June 3, 2020.

*Applicants may be contacted before conditional grant award decisions are made if City staff require clarification of the items addressed in the application. However, applicants should strive to submit a complete application, as incomplete applications will be disqualified. Legibility, clarity and completeness are essential.

Eligibility

Business must be experiencing business disruption due to COVID-19 pandemic;
Business must be registered with the City of Portales and located in the City limits of Portales;
Business must have fewer than 50 employees; (Full Time Equivalent)
Business must have been in operation for 12 months prior to March 17, 2020
Business must submit a completed application
Business owners must be willing to sign a public participation agreement with the City of Portales if selected to receive funding

Associated Documents