COVID-19 Economic Recovery Information Hub
The COVID-19 pandemic has altered the course of our daily lives and is adversely impacting many small businesses in our community. The recently launched Federal and State economic rescue tools can provide Rio Rancho businesses interim relief to navigate through this challenging period.
To increase awareness about various assistance programs, and to assist business owners with research into what resources and tools best fit them, their business, and employees, the City of Rio Rancho has created an information hub for COVID-19 Economic Recovery. On this page, business owners will find up-to-date and consolidated information regarding unemployment assistance, employee retention tax credits, small business loans, and much more.
These programs are currently being formally implemented, so information will be updated as it becomes available.
Paycheck Protection (PPP) Applications open on April 3
Starting April 3, small businesses and sole proprietorships can apply for forgivable PPP loans. Starting April 10, independent contractors and self-employed individuals can apply for forgivable PPP loans. The PPP may be over-subscribed so you are encouraged to apply ASAP. The Treasury Department issued more details on the PPP including a universal application form. The US Chamber of Commerce has a useful PPP guide at uschamber.com/sbloans.
Economic Rescue Programs and Tools Dashboard
Download the latest summary of resources
Please be mindful of prudent cyber-security and identity theft best practices and protections as you explore COVID-19 resources. Phishing and other scams are on the uptick with teleworking and the roll out of these economic rescue programs.