COVID-19 UPDATE: Designated as an essential business, we have remained open, sensible and proactive in our approach to ensure business continuity. We will continue to provide our clients and customers with updates and resources on the market and commercial real estate activity. To learn more, click here.
Posted 10 Apr 20 By: No comments yet

COVID-19 Business Resources

The team at NAI Maestas & Ward is committed and connected to our clients and community during these unique times.  We have been designated an essential business and as such will remain open, sensible and proactive in our approach to ensure business continuity. Our advisors and property managers are staying up to date with market trends, best practices, and real estate solutions.  We are here to help you navigate the future market of commercial real estate.  To support the many businesses that are being affected by the COVID-19 pandemic, we have rounded up the following economic and health resources:


Mosaic: COVID-19 Rapid Response Infrastructure RFP

Mosaic has launched an open RFP to make rapid response grants to nonprofit grassroots organizations focused primarily on environmental protection or environmental justice. Learn More


LISC Small Business Grant Program

LISC is one of the country's largest social enterprises supporting projects and programs to revitalize underserved communities and bring greater economic opportunity to residents. Learn More


Business and Industry CARES Act Program

USDA is making available up to $1 billion in loan guarantees to help rural businesses meet their working capital needs during the coronavirus pandemic. Additionally, agricultural producers that are not eligible for USDA Farm Service Agency loans may receive funding under USDA B&I CARES Act Program provisions. Deadline: September 15, 2021, or until funds are expended. Learn More


The Manufacturing Extension Partnership (MEP)

The Manufacturing Extension Partnership (MEP) has partnered with the Departments of Transportation, Energy and Defense as well as the National Institute of Standards and Technology (NIST) to focus on finding business opportunities for small manufacturers by matching their capabilities with the supply chain needs of America's original equipment manufacturers. Learn More


Preparing for Building Re-Entry

On April 16, 2020, the White House issued “Opening Up America Again,” federal guidelines to reopen the U.S. economy through a three-phase approach. As State and local governments also begin to create their own framework to gradually lift stay-at-home orders, it is important for businesses to be prepared.  Click here for BOMA International's guidance document for preparing buildings for re-entry. 


New Mexico Economic Development Dept. Announces Quarterly Reports to Help Track COVID-19 Related Economic Data by County

SANTA FE, N.M. - In an effort to better understand the impacts of the COVID-19 health emergency and analyze economic changes around the state, the Economic Development Department is now publishing quarterly data reports for all 33 New Mexico counties, Cabinet Secretary Alicia J. Keyes announced today.

The reports for part of fiscal year 2020 are now available in 33 individual county files on the EDD website here


Next Round of PPP Loans SBA Funding Opens Again Monday, April 27, 2020

Starting Monday morning, the SBA's PPP loan program sets aside $60 billion for small lenders. So if big banks are backlogged, submit another application with a community lender.

More info here


Resources from the State of New Mexico

On March 13, the New Mexico Economic Development Department, Department of Workforce Solutions and Department of Health hosted a webinar to help organizations in New Mexico understand the tools and resources available to businesses as they navigate COVID-19.

Watch the webinar to learn more


Business Loan Guarantee Program

Help for Businesses Negatively Impacted

The New Mexico Economic Development Department 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 percent of principal or $50,000. Loan proceeds are flexible and can be used for things such as working capital, inventory, and payroll (to name a few). The way it works is that the borrower approaches the lender; the lender applies for the program; the lender and NMEDD sign an agreement; the lender makes a loan, and NMEDD guarantees the loan in case of default.

Visit NMEDD's website for more information.


How to Communicate During a Crisis

Disruption can make people feel nervous and fearful, leading to challenges in the workplace. Here are some tips and tricks for how you can best communicate during a crisis:

 

COVID-19 Quick Resource Guide to Display in your Business, from the Center for Disease Control

Communications, Coverage and PR Best Practices, from PRNews

Six Guidelines for Effective Employee Communications, from the Public Relations Society of America

Why Today's Brands have an Obligation to Act, from Agility PR Solutions

Best Practices for Communication Event Cancellations, from Harvard Business Review


New Mexico Economic Rapid Response Taskforce

The New Mexico Economic Development Department, Department of Workforce Solutions, Tourism Department and Office of the Governor created a cross-agency collaboration called the Economic Rapid Response Taskforce to act as a clearinghouse to enhance communications between businesses and resources being offered by the State of New Mexico. The Business Rapid Response online submission form was created so that businesses can submit questions, challenges, and feedback. All submissions will be reviewed and filtered to the appropriate agency, where you can expect a timely response.


NAI Maestas & Ward is a full-service commercial real estate company serving New Mexico since 1996. The company is a dynamic commercial real estate firm offering best-in-class real estate services in brokerage, property management, asset management, business brokerage and development services.

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