“It’s a matching fund, 50 cents to the dollar,” Korte said. Small businesses can qualify for up to $250 with a one-time credit of 50 cents for every $1 the business pays toward the outstanding bill, with a maximum match of $250, Korte said.
The business must have 50 or fewer employees, have an account at least 30 days in arrears because of financial hardship caused by COVID-19, be able to pay 15 percent of the past due balance and enter into a payment agreement. “We will encourage them to get into a payment plan to get this resolved,” New Mexico Gas spokesman Tim Korte said. “In some cases that can be up to two years.”
The News Highlights
- New Mexico Gas Co. offers relief to small business residential customers | The business
- Check the latest News news updates and information about business, finance and more.
For Latest News Follow us on Google News
- Show all
- Trending News
- Popular By week