Here’s a look at some local news:
The USDA has announced that the department is accepting applications for grants to help start, expand or improve rural cooperatives and other mutually-owned businesses in rural America. According to a release, $5.8 million in grants are available under the Rural Cooperative Development Grant (RCDG) program to help improve economic conditions in rural areas. Nonprofit corporations and institutions of higher education are eligible to apply and encouraged to consider projects that provide the following key strategies:
- Achieving e-Connectivity for Rural America
- Developing the Rural Economy
- Harnessing Technological Innovation
- Supporting a Rural Workforce
- Improving Quality of Life
PNM has announced that are able to help New Mexicans save money on the cost of a new air conditioner if it needs to be replaced. As temperatures are soaring to 100 degrees each day, swamp coolers and refrigerated air conditioners can breakdown leaving the homeowners to face an unexpected expense. PNM is offering some relief by giving customers up to $400 back on the cost of new energy efficient cooling units. In addition, if a new cooling unit was already installed in the last 60 days, PNM may be able to provide the rebate with proof of the purchase. Visit http://pnm.com/coolrebate for a complete list of cooling units that qualify. For tips and programs that help save energy and money on electric bills, visit http://pnm.com/save.
Governor Michelle Lujan Grisham signed legislation this week that offers $400 million in low-interest loans for small businesses and non-profits that have suffered economic damage due to the COVID-19 pandemic. The loans are available to businesses and non-profits that made an annual gross revenue of less than $5 million in 2019 and saw income decline by 30% in April or May. In addition, employer contributions to the state’s unemployment compensation trust fund will be temporarily paused until December 31st, 2021.
This has been a look at some local news. Thank you for listening to Silver City Radio.