CITY OF CLOVIS AWARDED FUNDS FOR SMALL BUSINESSES
Monday, the City of Clovis was notified of an award of $4,260,000.00 for Small Business Grants in Partnership with Local Governments, as well as $240,061.00 from the COVID-19 Emergency Grants to local governments from the State of New Mexico. “The past several months has placed a severe strain on so many parts of our local economy, our business community, retail and service sectors,” advised Clovis Mayor Mike Morris, Monday evening. “The City’s purpose through the business continuity grant funding program is to assist small businesses in their recovery. My hope is that these grant funds will provide the assistance our local businesses need.” The New Mexico Small Business Continuity Grant will be available to qualifying small businesses with 50 or fewer full-time equivalent employees. Grant proceeds must be spent on eligible “business continuity” expenses. To be eligible, the company must be headquartered in New Mexico and either have been forced to close or severely curtail business operations as a result of closure orders from the state, and have an annual revenue of $2 million or less prior to the impact of COVID-19. Questions regarding this grant can be directed to the City Manager’s Office.
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