46% of New Mexico grant applicants get virus relief funds
January 3, 2021
ALBUQUERQUE, N.M. (AP) — More than 6,500 New Mexico businesses and nonprofits will receive up to $50,000 under a state program created to help companies cope with the economic fallout from the coronavirus pandemic.
That's about half of the companies that applied, the Albuquerque Journal reported.
"The number (of applications) that we couldn't fund was very hard for us," said Marquita Russel, CEO of the New Mexico Finance Authority, the state agency that administered the program.
The state implemented the program as part of a bigger $320 million coronavirus relief package passed by New Mex...