Mexico Recovery Grant: Are you a New Mexico small business or nonprofit organization that has experienced financial hardship due to the pandemic? This article is for you as you will soon see how you can apply for Mexico Small Business Grant.
- Entering Germany without a Visa or a Passport (Apply Now)
- How to Apply for Germany Work Permit Visa 2021 FREE (Get Employed Now)
- Canada Government Massive Jobs Opportunities For Immigrants – Work in Canada 2022
- Chinese Government Scholarship 2022/2023 Bilateral Program is Now Open for Application
- USAID US Embassy Jobs Abuja | Apply Here
The State of New Mexico is awarding grant funding that will help cover your business’ rent, lease, or mortgage payments to help you rehire the workforce you need.
The grants were created by the State of New Mexico to provide $200 million in grant funding to New Mexico small businesses that are experiencing financial hardship due to the pandemic.
These grants are specifically tied to job creation, must be used as reimbursements of rent, lease or mortgage payments, and are prioritized based on the severity of economic decline experienced by the business.
How does the Mexico Recovery Grant work?
The last application round will be open until December 7, 2021. Grant applications will be reviewed and prioritized after December 7, and grant awards will be made following the prioritization.
Grants will be paid on a quarterly basis, with no more than 25% of the total grant award being paid during any quarter. Businesses must meet their job creation projections before receiving future, quarterly grant payments after the first payment.
How much am I eligible to receive the Mexico Recovery Grant?
The grant amount is based on a combination of the revenue decline experienced by the business, the number of new full-time-equivalent (FTE) positions hired, and the hourly wages of the new positions.
What can I use the Mexico Recovery Grant funding for?
Eligible expenses are reimbursement of rent, mortgage, or lease payments on the building occupied by the business. These are the only eligible expenses for this grant. The grant amount paid will not exceed the amount of rent, lease, or mortgage payments during the grant period.
Requirements to Apply for Mexico Small Business Grant 2021
- 2019 or 2020 business federal tax return.
- Evidence of revenue decline
- Copy of the rental, lease, or mortgage agreement term sheet that evidences past, current, and future payments due
- Proof of rent, lease, or mortgage payment for the entity’s place of business in New Mexico.
- Front and back of a government-issued photo ID with the address of the authorized officer
- Copy of the DWS ES903A report (or other New Mexico SUTA form filed with the Department of Workforce Solutions) from December 31, 2020 or March 31, 2021 to evidence the lowest number of employees, plus
- Copy of the DWS ES903A report (or other New Mexico SUTA form filed with the Department of Workforce Solutions) from any time period between January 2019 and September 2020 to evidence the highest number of employees, plus.
More interesting contents
- Canada Jobs in Canada 2021 – Massive Recruitment inKenya (Apply Here)
- Canada Scholarship 2021 for Students From Around the World
- University of Toronto International Admission Scholarships 2021/2022, Canada
- Canada 2020 – International Entrance Scholarship At University of Calgary
- United States: Apply for a small business grant of up to $25,000 before Dec. 15
- United States: How to Apply for a Direct PLUS Loan for Parents 2021
- United States: Best Private Student Loans Of August 2021
- United States Farm Storage Facility Loans Application 2021
For more information regarding Mexico Recovery grant 2021, kindly visit the official website via http://www.nmfinance.com/recovery/ to apply
- Recruitment3 days ago
Link to Check Nigeria Police Shortlist for SSCE Holders (General Duty)
- Grants3 days ago
Application for IPSN Catalytic Grant Fund 2024
- Grants3 days ago
US: $10,000 Small Business grant for startups! Apply NOW!
- Scholarship3 days ago
How to Apply for ORBAA Scholarship 2024 ($5,000)
- Nigeria News5 days ago
Exploring the Legacy: List of Prime Ministers of India
- Scholarship3 hours ago
How to Apply for PAP Scholarship Application 2024