- July 29, 2021
- Posted by: Stratford Team
- Category: Business
July 28, 2021
Today, Mayor Tim Keller and the City of Albuquerque Economic Development Department (EDD) announced the Small Business + Entrepreneurial Recovery Grant Program—a new economic relief grant program available to local small businesses and non-profits. The $7.5 million program will be funded through the American Rescue Plan Act (ARPA). Applications will open August 4 for the one-time $10,000 grants for businesses within Albuquerque city limits that have 50 employees or fewer, and meet other grant criteria.
“Last year was devastating for our small businesses. Our goal was to do anything and everything we could to support them and keep the bottom from falling out of the economy, including providing nearly $12 million in support through grants and free PPE,” said Mayor Tim Keller. “While we are making significant gains toward recovery, we know that things don’t turn around overnight for small businesses and we can’t turn our backs on…