News and Updates

SPECIAL GUEST: GACC Hosts John Bingaman, Governor Michelle Lujan Grisham’s Chief of Staff, at July Board of Directors Meeting

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On July 23rd, Governor Michelle Lujan Grisham’s chief of staff John Bingaman joined the Chamber’s Board of Directors to share updates on the state’s COVID-19 pandemic response and the various indicators the Governor and her health officials are monitoring to guide economic reopening decisions and public health directives. Bingaman acknowledged the hardships facing many businesses …

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Federal Advocacy

FEDERAL ADVOCACY: GACC Advocates for Additional PPP Help, Liability Protections, and More to Delegation

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This week, the Chamber sent two letters to New Mexico’s congressional delegation, urging them to support liability protections for businesses, an additional round of PPP forgivable loans for certain especially hard-hit sectors (like our tourism/hospitality sector), and the extension of PPP eligibility to all non-profit organizations. Congress continues to discuss a potential “phase 4” Coronavirus relief …

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State economist

STATE ECONOMIST: NM Revenue Hit Not as Bad as Expected… So Far

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State economists shared some good news recently – and for a change – about the fiscal outlook of state government. Friday’s look back at general fund spring revenues showed a decline in revenue collections that was less dire than anticipated at the outset of the COVID-19 shutdown, which could add up to about $315 million …

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ALBUQUERQUE JOURNAL REPORT: Bernalillo County Moves to Distribute Remaining $1.8 Million in Grants to Help Businesses Affected by the Pandemic

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Yesterday, the Bernalillo County Commission approved a second round of applications for CARES small business grants, with applications opening Monday. Awards will distribute the $1.8 million that remain of the original $5 million dedicated to the program. Since the program launched June 22, the county has distributed approximately $3.2 million in 345 grants of up …

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Storm on the Horizon: Legislative Finance Committee Hears Concerning Economic, Revenue Forecasts

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The Chamber released a special edition of the Legislative Roundup this week covering the July meeting of the interim Legislative Finance Committee, which took a hard look at the impact of the COVID-19 pandemic and disruption in energy markets on the state’s revenue projections and what will be required to deliver a balanced budget in next year’s …

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ALBUQUERQUE READS: Big Changes to Chamber Literacy Program in 2020-2021, Same Goals for High-Needs Kids

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The Chamber announced this week that it will be adjusting the long-running Albuquerque Reads partnership with Albuquerque Public Schools for the 2020-2021 school year in order to safely and effectively support the literacy development of kindergarten and first grade students from high-needs schools. The need to build literacy skills early in a child’s academic career has …

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