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Micro-Business Relief Program

Information about the City of Albuquerque Micro-Business Relief Program

Overview:

The City of Albuquerque Economic Development Department is providing a $500,000 Micro-Business Relief Program to provide vital economic support to small businesses needing assistance in overcoming the temporary loss of revenue due to COVID-19. The City of Albuquerque will provide working capital grants of up to $5,000 for qualifying small businesses impacted by COVID-19.

The City will provide relief for small businesses across Albuquerque that are seeing a reduction in revenue because of COVID-19. The City is offering small businesses with fewer than 5 employees a grant of up to $5,000 to support day-to-day operating expenses only of the business, such as payroll or losses due to destabilizing events.

Criteria:

  • The business must have 5 or fewer employees, including the owner/s.
  • The business must be registered and physically located within the Albuquerque city limits.
  • The business must have experienced financial hardship due to COVID-19.
  • The business must have been in business for at least 6 months.
  • Grant funds must be deposited into a business bank account and only be used for business expenses. The City of Albuquerque will make electronic deposits.
  • Business owners must agree to provide a report about the use and results of the grant funds six months after receipt.
  • Businesses that are franchises or restricted to patrons above the age of 18 or older will not be eligible for award (for example, bars or smoke shops).

**Other eligibility criteria apply, see the application for details.

Applications to the Micro-Business Relief Fund Closed on Friday, April 3, 2020

Grantees were announced on April 14, 2020

List of Grantees

Contact Us:

505-768-3730 or by emailing the Small Business Office at [email protected]

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