Economic Rapid Response Task Force

The New Mexico Tourism Department forged a cross-agency collaborative in partnership with the Office of Governor Michelle Lujan Grisham, the Economic Development Department, and the Department of Workforce Solutions to respond to the New Mexico business community during this challenging time.

computer chat icon Have a question about economic recovery and assistance? Click the icon to send us your question!

Submit a question and a member from the Economic Rapid Response Task Force will be available to assist you.




**All programs can be found:, in the Jobs & Economy section.


Unemployment Insurance Benefits Expanded for COVID-19

Eligibility for unemployment benefits extended to workers whose hours are reduced or who are laid off, including due to temporary business closures, because of the COVID-19 public health emergency. Under a previously announced emergency provision to the Unemployment Insurance (UI) rules, the work search requirement for affected workers has been waived for up to four weeks by the Department of Workforce Solutions. This allows employees at businesses that close temporarily to access benefits without having to search for a new position while they wait for their employers to restart operations.

  • Online by going to the New Mexico Workforce Connection Online System
  • ​By phone at 1-877-664-6984



Small Business Administration - Economic Injury Disaster Loans (EIDL) (federal)

New Mexico is one of the first states to be approved for the SBA’s $50 billion disaster loan assistance program. Disaster loan assistance will be available for businesses in all 33 counties. Press release issued 3/17/20.

  • SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance
  • The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible (request for financial forms to make assessment of cash flow and asset). The interest rate is 2.75% for non-profits
  • Long-term repayments in order to keep payments affordable, up to a maximum of 30 years.
  • Website: 1-800-659-2955 or email
  • Expected processing time: 2 - 3 weeks followed by 5 days for first disbursement

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, inventory and payroll. 

Lenders and borrowers can apply here. Or Download a PDF version of the application.

Contact: Johanna Nelson, or 505.469.6204.

LEDA Zero-Percent Interest Loans

  • Limited to expenditures for land, building and infrastructure
  • 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

Contact: Mark Roper, or 575.562.0327



Personal Income and Payroll Tax Extension

New Mexicans now have an extra 90 days to file and pay their 2019 personal income taxes in recognition of the economic hardships many are facing as a result of the COVID-19 pandemic. Taxpayers will have until July 15 to file and pay any taxes due.

The deadline for 2019 corporate income taxes also will be extended until July 15. In addition, the state is extending deadlines for employers to remit withholding taxes. 

For more information, please visit the Tax and Revenue Department’s fact sheet here.

Emergency Paid Sick Leave and Paid Family Leave (federal)

The Families First Coronavirus Response Act expands access to emergency paid sick leave to as many as 87 million U.S. workers, and extends paid family leave to ensure that workers can care for their children without sacrificing their paycheck. Many of these workers currently have no paid leave and are being forced to choose between their paycheck, their health, and the health of the people around them. This is a critical step toward protecting families’ financial security and mitigating the spread of the coronavirus.

Sick Leave: full-time employees are entitled to two weeks (80 hours) of fully paid time off (up to $511 per day) to self-quarantine, seek a diagnosis or preventive care, or receive treatment for COVID-19

Family Leave: Eligible full-time employees and part-time employees are entitled to 12 weeks of job-protected leave to take care for their children in the event of a school closure or their child care provider is unavailable due to COVID-19.


  • Employees at companies with fewer than 500 employees
  • State and local government employees and certain federal government employees
  • Employees who work under a multiemployer collective agreement and whose employers pay into a multiemployer plan

Full fact sheet from House Appropriations here.

Create your own user feedback survey