State of New Mexico provides $200M in COVID-19 reduction enterprise funds

The New Mexico Finance Authority (NMFA) provided $200 million in grant reduction to New Mexico small companies and nonprofits impacted by the COVID-19 pandemic.

The grants created by the State of New Mexico have been tied to job creation, in accordance with the NMFA web site.

“(The grants) have to be used as reimbursements for lease, lease or mortgage funds, and are prioritized based mostly on the severity of financial decline skilled by the enterprise,” the web site said.

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The grants are a part of the Native Financial Growth

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