Social Media: Essential Tool for Business Recovery

Social Media

The social media community is a lot like a real-world neighborhood where people ask their friends for referrals to a hairstylist or mechanic or roofer. But businesses can use social media platforms like Facebook and Instagram proactively to market products and services in dynamic, interactive ways to the people who want them.

In that sense, social media is more potent than a website where people can learn about a business but can’t interact with the owners or other customers. Websites are a lot like online brochures, and they’re just as static. And few people see them if they don’t know what to look for or if the business doesn’t rank high on search engines.

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Shuttered Venue Operators Grant Program Details Slowly Emerging

The Shuttered Venue Operators (SVO) Grant program offers emergency assistance to venues that were closed due to COVID-19 emergency health orders. The application portal was slated to open on April 8, 2021; however, technical difficulties have delayed the program. Potential applicants can use the time delay to prepare themselves for accessing the fund.

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Self-Employed See Benefits of New PPP Loan Rules

Sole proprietors, self-employed, and gig workers can apply for more PPP money than was allowed under the program in the past. New rules released by the U.S. Small Business Administration on March 3 use gross income as the base calculation when determining the amount a solopreneur can access. Previous rules used net income, which often resulted in just a few hundred dollars of PPP loan eligibility for self-employed workers.

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Las Cruces Businesses Offered Free Social Media Training

The City of Las Cruces Economic Development Department and Arrowhead Center at New Mexico State University have teamed up to help entrepreneurs take their business online. The free assistance, which focuses on social media proficiency, aims to augment the marketing of local businesses, especially those that were impacted by the pandemic.

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EDD offers Grants to “High-Growth” Science & Tech Businesses

New Mexico companies in a science and technology field, with fewer than 50 employees, and who are deemed to be “high growth” may qualify for a grant up to $25,000, courtesy of the state Economic Development Department Office of Science & Technology. The department will accept 2021 applications until 5:00 pm on Monday, March 29.

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Unrestricted USDA REAP Applications Open Until March 31

The USDA Rural Energy for America Program (REAP) provides loan and grant funding to rural small businesses and agricultural producers for renewable energy systems or to make energy efficiency improvements. While loan applications are accepted on a continuous cycle, Unrestricted Grants or Loan/Unrestricted Grant Combo applications are due by March 31, 2021.

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PPP to Target Smallest and Minority Businesses

Changes to the Paycheck Protection Program (PPP) loan program aim to better reach very small businesses and those owned by people of color —and particularly those who struggled to access the program during the first rounds of funding last year. The changes, which will be implemented on February 24, 2021, include:

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Winner of Online Pitch Competition to Receive $5k + Benefits

Arrowhead Innovation Fund (AIF), housed at New Mexico State University’s Arrowhead Center, is hosting an online pitch competition to introduce investors to companies with promising technologies developed and/or licensed by New Mexico start-up companies. AIF is focused on startups working in the agriculture, biotechnology, health/devices, information technology, engineering, energy, and water technology industry sectors.

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Outdoor Recreation as Economic Development: New Toolkit Available

The Rural Economic Development Toolkit, created by the Outdoor Recreation Roundtable, outlines best practices for building an outdoor recreation economy. Outdoor recreation offers opportunities for sustainable economic and community development, and most communities need help implementing those ambitious plans. The toolkit contains a list of federal grants and technical assistance programs that can support communities in securing funding and services, along with many other resources.

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