Albuquerque, NM (KKOB) — The City of Albuquerque’s Metropolitan Redevelopment Agency is launching two downtown revitalization initiatives this fall to support economic recovery downtown.
The City has $500,000 in American Rescue Plan Act funding to use toward grants of up to $30,000 each for small businesses that occupy vacant street-level property or that expand a current downtown storefront footprint by at least 50 percent.
To be qualified for a grant, a business must employ fewer than 250 people; be located in the Downtown District, with a term of at least two years for an eligible downtown storefront; and meet other qualifications.
Applications will be accepted and evaluated on a rolling basis, and funds will be awarded on a first-come, first-served basis until dollars are expended.
