NEW MEXICO ECONOMIC
DEVELOPMENT DEPARTMENT

Disaster Recovery Resources

N.M. Wildfire Business Assistance Grant Program

Eligible businesses can qualify to receive between $5,000 and $20,000. The money available is repurposed from the EDD’s Collateral Assistance Program, which utilizes federal funding.

Businesses that qualify for assistance must be inside the boundaries of the Presidential Disaster Declaration for the Big Hole, Calf Canyon/Hermit’s Peak, Cooks Peak, and McBride fires. Those areas are Colfax, San Miguel, and Mora Counties, parts of Lincoln County (ZIP codes 88345 and 88312) and Valencia County (ZIP code 87002); and regions of Sandoval and Los Alamos counties, plus other areas impacted by wildfires.

The application portal will be open for two weeks starting on August 15 and ending August 26. If funds are still available, additional application periods will be announced. The program will close when funds are exhausted or Dec. 1, 2022.

Have more questions? Contact EDD.wildfiregrant@state.nm.us

Watch the recorded webinar to learn more about the N.M. Wildfire Business Assistance Grant Program.

2022 Wildfires

President Biden authorized Federal disaster aid for the State of New Mexico making Disaster Unemployment Assistance (DUA) available to New Mexicans whose employment or self-employment was lost or interrupted as a direct result of the 2022 Wildfires.

The deadline to apply for DUA was June 15, 2022. Applications filed after the deadline will be considered untimely and DUA benefits may be denied unless the individual provides good cause for filing after the deadline. If your employment was impacted by the 2022 wildfires and have good cause to apply after the deadline you may call the Unemployment Insurance Operations Center at 1-877-664-6984, Monday through Friday, 7am-4:30pm. 

DUA is available for weeks of unemployment beginning April 10, 2022 until November 5, 2022, as long as the individual’s unemployment continues to be a direct result of the disaster. DUA applications are only being accepted by phone. Eligible claimants may receive their benefits via direct deposit or debit card.

Proof of employment/self-employment must be submitted no later than 21 days after filing for a DUA claim. The following documents are acceptable as proof of employment:

  • Payroll voucher or check stub closest in date to the last work week
  • Employment and earnings statement from employer
  • Written statement from employer
  • Business records

Learn more here.

FEMA:


SBA
U.S. Small Business Administration – Office of Disaster Assistance (ODA)

Small Business Association Disaster Relief Loan

Physical Damage Loans
Loans to cover repairs and replacement of physical assets damaged in a declared disaster.

Economic Injury Disaster Loans (EIDL)
This loan provides economic relief to small businesses and nonprofit organizations that have suffered damage to their home or personal property.

Mitigation Assistance
Funding to cover small business operating expenses after a declared disaster.

Recovery Hub
Find everything you need to rebuild your small business, keep employees safe and healthy, and revitalize your community

IRS Tax Relief in Disaster Situations – IRS offers some tax relief and extensions for fire recovery/federally designated disaster areas.

An affected taxpayer includes:

  • An individual
  • Any business entity or sole proprietor
  • Any shareholder in an S Corporation
    1.  

A taxpayer does not have to be located in a federally declared disaster area to be an “affected taxpayer.” Taxpayers are considered “affected” if records necessary to meet a filing or payment deadline postponed during the relief period are located in a covered disaster

USDA Rural Development 

  • Serving NM Grant Application Survey offers financial assistance to hospitality employees to help them pay bills during the COVID-19 crisis.
  • Small Business Recovery Loan Fund 2012 makes available nearly $500 million to provide loans to businesses that experienced financial hardship resulting from the COVID-19 pandemic. The loan amount is up to three times your average adjusted monthly business expenses from 2019 or 2020, not to exceed $150,000. The interest rate is one-half of the Wall Street Journal prime rate on the date the loan is approved. Currently, the interest rate is 1.625%. Applications are open. 
  • Department of Workforce Solutions
  • New Mexico Health Department

Statewide Disaster Recover Coordinator: Eric Ghahate, Eric.Ghahate@state.nm.us, 505.372.8811

Regional Disaster Recovery Coordinators: 

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