New Mexico Businesses that Were Hurt by Wildfires Are Now Eligible for $5,000 to $20,000 Grants

Daniella Cressman

"Gov. Michelle Lujan Grisham announced Saturday that businesses impacted by this year’s wildfires can qualify for $5,000 to $20,000 in grants." —Claudia L. Silva

A lot of businesses have suffered financially due to the fires, just as many were already struggling to recover from the impact of the coronavirus pandemic.

Fortunately, the Wildfire Business Assistance Grant Program will provide emergency assistance to companies who were affected by the recent wildfires.

"The Wildfire Business Assistance Grant Program, which the governor announced during a trip to Las Vegas, N.M., will provide emergency assistance to business owners and self-employed workers whose businesses were damaged or lost revenue due to recent wildfires." —Claudia L. Silva

Although some damages are irreparable, these funds will help businesses recover as swiftly as possible.

"The Las Vegas area has been heavily impacted by this year’s Calf Canyon/Hermit’s Peak Fire, subsequent monsoon rains and flooding, which have contaminated the city’s water supply. Funds from the grants Lujan Grisham announced Saturday can be used for construction and repair costs, operating capital, asset purchases and administrative costs. The grants are made possible thanks to $1.5 million fund from the state Economic Development Department’s Collateral Assistance Program, which uses federal funding to support business growth in New Mexico." —Claudia L. Silva

The application process for the Wildfire Business Assistance Grant Program will begin on August 15, 2022.

"The application period for the Wildfire Business Assistance Grant Program is expected to begin Aug. 15 and end Aug. 26. To qualify, the business must located near the Big Hole, Calf Canyon/Hermit’s Peak, Cooks Peak or McBride fires. Lujan Grisham said the application process for the new grants will be smooth, easy and practical — unlike many of the federal programs that are offering assistance." —Claudia L. Silva

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Canadian-American author writing about local politics, personal finance, & dining in Albuquerque.

Albuquerque, NM

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