Village of Ruidoso to Begin Disbursing CARES Act Grant Funds to Local Businesses
In an effort to help small businesses that have been impacted by the COVID-19 pandemic, the Village of Ruidoso recently applied for and received $2,787,792 from the State of New Mexico. Of that amount, $1,171,500 was earmarked specifically for loans to small businesses in the Village that have suffered economic hardship during the past seven months.
Village of Ruidoso Receives $750,000 Community Development Grant
For the first time since 1986, the Village of Ruidoso recently applied for a Community Development Grant to improve the Town and Country Subdivision. Last week, Village management was notified that its application was ranked #1 in the state and was fully funded the maximum amount of $750,000.00. Construction is scheduled to begin in the spring and is expected to last for 18 months.