NEW MEXICO ECONOMIC DEVELOPMENT DEPARTMENT
SBA is hosting a comprehensive overview of disaster assistance resources available to businesses and homeowners that were negatively impacted by the wildfire, with weekly updates every Thursday at 11 am. Join the conversation.
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:
Learn more here.
SBA U.S. Small Business Administration – Office of Disaster Assistance (ODA)
Small Business Association Disaster Relief Loan
Physical Damage LoansLoans 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 AssistanceFunding to cover small business operating expenses after a declared disaster.
Recovery HubFind 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:
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
N.M. Wildfire Business Assistance Grant Program
We have received many applications and are in the process of reviewing them. Applications will reopen if there are still funds available after the first round is complete.
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 until funds are exhausted.
Have more questions? Contact EDD.email@example.com.
Business Continuity guide
Statewide Disaster Recover Coordinator: Eric Ghahate, Eric.Ghahate@state.nm.us, 505.372.8811
Regional Disaster Recovery Coordinators:
New Mexico EconomicDevelopment DepartmentJoseph M. Montoya Building1100 S. St. Francis DriveSanta Fe, NM 87505-4147
Mailing Address:New Mexico EconomicDevelopment DepartmentP.O. Box 20003Santa Fe, NM 87504-5003
Main number: (505) 827-0300 (se habla español)Fax: (505) 827-0328
The mission of the New Mexico Economic Development Department is to Improve the lives of New Mexico families by increasing economic opportunities and providing a place for businesses to thrive.
New Mexico Economic Development Department. All Rights Reserved.