The Clovis Economic Development (CIDC) and the Clovis/Curry County Chamber of Commerce understand businesses have been adversely affected by COVID-19. It is important for all employers to monitor the Coronavirus outbreak and implement strategies to protect their workforce while ensuring continuity of operations.
In effort to help connect employers and employees with resources during this time of great uncertainty, the Clovis/Curry County Chamber and CIDC created a Coronavirus Toolkit to be a source of information and resources to help local employers protect themselves and their employees.
For the most up-to-date information on the Coronavirus in New Mexico, please visit the New Mexico Department of Health Coronavirus website.
The New Mexico SBDC is here to help and support small businesses during this time of uncertainty. They will be updating guidance on the EIDL and PPP from the SBA as they receive it. Their online workshops include live trainings with step-by-step instructions on federal, state and grant programs available to our small business community.
CARES Act - Paycheck Protection Program Loans
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program (PPP), the initiative provides 100% federally guaranteed loans to small businesses.
Use the resources below to get more info about CARES and PPP Loans.
- The Small Business Owners Guide to the CARES Act
- Paycheck Protection Program Small Business Guide and Checklist
Need help applying? Go to NMSBDC.org to initiate the SBDC assistance or contact our local SBDC at 575.769.4136 or SBDC@clovis.edu!
Economic Injury Disaster Loans
In order to help small businesses overcome the temporary loss of revenue they are experiencing, the U.S. Small Business Administration (SBA) can provide Economic Injury Disaster Loans for up to $2 million to a qualifying business that cannot access credit elsewhere. These are low interest loans that may be used to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the disaster's impact. Interest rates are 3.75% for profit, 2.75% non-profit.
- Disaster Assistance Loan Fact Sheet
- Businesses can apply here: gov/disaster
- The SBA disaster assistance customer service center can be reached at: 1.800.659.2955 (TTY: 1.800.877.8339) or email email@example.com
For health-related questions, call 1-855-600-3453. For all other questions: 1-833-351-0518 or go to http://www.newmexico.gov/
FFCRA Payroll Tax Credit — Easing the Burden for Employers
On Friday, March 20, the U.S. Treasury, IRS, and U.S. Department of Labor announced their plans for making the paid leave provisions in the Families First Coronavirus Response Act (FFCRA) less burdensome for small businesses. Key points include:
- To take immediate advantage of the paid leave credits, businesses can retain and access funds that they would otherwise pay to the IRS in payroll taxes. If those amounts are not sufficient to cover the cost of paid leave, employers can seek an expedited advance from the IRS by submitting a streamlined claim form that will be released next week.
- The Department of Labor will release “simple and clear” criteria for businesses with fewer than 50 employees to apply for exemptions from the leave provisions related to school and childcare closures; and
- There will be a 30-day non-enforcement period for businesses making a reasonable effort.
We know that for many of our members, business slowdowns related to the spread of COVID-19 have made it hard to imagine how they could bear any additional expenses. We encourage anyone with these concerns to read the linked announcement carefully.
The full announcement can be found here: Treasury, IRS, and Labor Announcement on FFCRA Implementation.
COVID-19 Business Loan Guarantee Program
The New Mexico Economic Development Department (NMEDD) has created a program to assist businesses seeking emergency loans or lines of credit to deal with negative economic impacts from COVID-19. NMEDD can guarantee a portion of a loan or line of credit up to 80% of principal or $50,000. Loan proceeds are flexible and can be used for (and not limited to) the following:
- Working capital
- Borrower approaches lender
- Lender applies to the program here: https://www.tfaforms.com/4810426
- Lender and NMEDD sign agreement
- Lender makes the loan
- NMEDD guarantees the loan in case of default
LEDA Zero-Percent Interest Loans
- Limited to expenditures for land, building and infrastructure no interest loans
- Can be used for lease abatement or mortgage assistance
- Company must be a qualified entity (manufacturer, non-retail service business with more than 50% of revenue generated out of state, or a retail business in a community of less than 15,000 in population)
- All loans will be required to provide security equal to the amount of the loan
New Mexico Finance Authority: Business Loan Partnership Program
NMFA and “Partner Banks,” together, share risk while lowering the overall cost of borrowing for the business. NMFA will offer low-cost rates on its portion of the loan to a New Mexico business.
Contact, John Brooks, 1-877-ASK-NMFA, or jBrooks@nmfa.net
$750 Self-Employed Stimulus Payment (SESP)
The application process for the Self-Employed Stimulus Payment (SESP) is now closed. If you were unable to apply for SESP or did not receive an approval, you may still apply for Pandemic Unemployment Assistance (PUA) when it becomes available later this month.
Assistance for Displaced Workers and Employees
Benefits Through New Mexico Workforce Solutions
Unemployment Eligibility and New Filing System
On March 27, federal lawmakers passed a COVID-19 stimulus bill that will expand Unemployment Insurance (UI) benefits, referred to as Pandemic Unemployment Assistance (PUA). This will open eligibility for independent contractors, the self-employed, and gig economy workers who will soon be able to apply for PUA benefits
New Mexico Workforce Solutions has implemented a new filing system in anticipation of the surge of claims. Individuals who call the Unemployment Insurance Operations Center (1-877-664-6984) now have a designated day to call based on the last number of the applicant's Social Security Number (SSN).
The guide for calling using the last number of SSN is as follows:
0 - 3 : Monday
4 – 6 : Tuesday
7 – 9 : Wednesday
Missed your day: Thursday and Friday
How to Apply:
- The most efficient method for filing an initial claim is online at jobs.state.nm.us. If you choose to call the Unemployment Insurance Operations Center (1-877-664-6984), please refer to the new call guide above.
- There is a week long waiting period from time of application to when benefits are received
- Maximum payment of $460 per week
Employer Layoff Avoidance:
- Employers, such as restaurants, should try to reduce hours for employees rather than laying off. Employee’s reduced wages can then be supplemented by unemployment benefits.
- The state is waiving work search requirements for unemployment benefits
The video below provides an overview for employers and employees to access the State of New Mexico Unemployment fund for displaced workers:
NMEDD Webinar: The NMEDD has provided some resources through a webinar it held in conjunction with the Department of Workforce Solutions and the Department of Health. This webinar is approximately 1 hour in length.
A Guide to Find Work During the Coronavirus Pandemic
This Zippia guide has resources for how to find work online, a search of remote jobs (updated every minute), and other useful information to help Clovis workers find a way to bring in much needed income.
(Page Updated on May 14, 2020; 10:33)
Daily COVID-19 Business Updates
If you aren't receiving our emails and would like to be added to our contact list, please let us know at firstname.lastname@example.org.
Information around this outbreak is changing rapidly.
Below are links to a variety of resources provided by the U.S. Chamber of Commerce the Centers for Disease Control and Prevention (CDC) and state and local resources to help educate employers and employees on how to prepare for and address the impacts of COVID-19.
- Business Reopening Guidance - from the National Restaurant Association
- Employee Survey - Business Recovery Task Force – by Andrea Corpening, Elite Business Performance
-New Mexico Public Health Order – outlining the restrictions on gatherings and businesses.
-New addition to the DOH website providing additional demographics on COVID-19 in the state
-List of Essential Businesses – What is considered essential?
-Guidance For Employers - How to plan and respond to the Coronavirus
-Workplace Tips - Tips and resources for employers to combat the virus
-Corporate Aid Tracker - How businesses are helping nationwide
-Resilience in a Box - A toolbox to help businesses put a plan in place (created by the US Chamber Foundation in partnership with the UPS Foundation)
-More Resources - Including consolidated, business-specific guidance from the Centers for Disease Control and Prevention (CDC).
-An Employer Q&A, Barnes & Thornberg, LLP
-Guidance for Business from the Small Business Administration
-What's Open in New Mexico is an up-to-date list of all the restaurants and other businesses in New Mexico that are currently open to serve you.
-Albuquerque Journal Reports on the State Investment Council Fund
-Tips for Working at Home in Uncertain Times from All Business
New Mexico Department of Health Resources
Public health and other experts can answer health-related questions about COVID-19. The team can also direct residents and health care providers to the right resources in their local communities and in other state government departments.
The hotline is 1-855-600-3453.
Click Here for Frequently Asked Questions
Online Tools for COVID-19 Testing and Advising Who Needs Testing
The New Mexico Department of Health launched two online tools for the public regarding COVID-19:
- A portal for receiving COVID-19 test results
- A self-screening tool to aid in determining if one needs to be tested for COVID-19.
A little planning can ensure smooth business operations and protect public health at the same time. All individuals should continue to take the following basic personal-hygiene measures to prevent the spread of the virus:
-Wash your hands often with soap and water or use hand sanitizer;
-Avoid touching your eyes, nose, or mouth with unwashed hands;
-Cover your mouth and nose with a tissue when coughing or sneezing;
-Avoid contact with sick people who are sick; and
-Stay home when you are sick.
Recognize the Symptoms of COVID-19