Agencies

SBA Loans are a Meaningful Option for New Mexicans

Published: 1 August 2025
Categories: FEMA News

RSS feed source: Federal Emergency Management Agency

SANTA FE, New Mexico – Low-interest disaster loans from the U.S. Small Business Administration are available to New Mexican residents, businesses of all sizes and nonprofit organizations that sustained damage from the severe storms, flooding and landslides that began June 23, 2025.

Residents and businesses in Lincoln County may now apply if they had damage in the recent storms. 

FEMA partners with other agencies to help meet the needs of New Mexicans. Disaster loans are the largest source of federal recovery funds for New Mexicans. They help private property owners pay for disaster losses not covered by insurance, local or state programs. SBA loans also cover deductibles and increased cost of compliance after a disaster. New Mexicans should not wait for an insurance settlement before submitting an SBA loan application. 

Interest rates on disaster loans can be as low as 2.75% for homeowners and renters, 3.62% for private nonprofit organizations and 4% for businesses, with terms up to 30 years for physical damage to real estate, inventory, supplies, machinery and equipment. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

New Mexicans are not required to begin repaying the loan and the interest does not begin to accumulate for 12 months from the date the first disaster loan disbursement is awarded.

Homeowners may be eligible for a disaster loan of up

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NSF announces $100 million investment in National Artificial Intelligence Research Institutes awards to secure American leadership in AI

Published: 29 July 2025
Categories: National Science Foundation

RSS feed source: Federal Emergency Management Agency

The U.S. National Science Foundation, in partnership with Capital One and Intel, today announced a $100 million investment to support five National Artificial Intelligence Research Institutes and a central community hub. These institutes will drive breakthroughs in high-impact areas such as mental health, materials discovery, science, technology, engineering and mathematics education, human-AI collaboration and drug development.

This public-private investment aligns with the White House AI Action Plan, a national initiative to sustain and enhance America’s global AI dominance.

“Artificial intelligence is key to strengthening our workforce and boosting U.S. competitiveness,” said Brian Stone, performing the duties of the NSF director. “Through the National AI Research Institutes, we are turning cutting-edge ideas and research into real-world solutions and preparing Americans to lead in the technologies and jobs of the future.”

While headlines often focus on the newest chatbot, AI is quietly powering advances across nearly every sector, helping doctors detect diseases, enabling smarter manufacturing and supporting resilient agriculture and financial security. The AI Institutes are designed to translate cutting-edge research into scalable, practical solutions that improve lives.

The institutes will also help build a national infrastructure for AI education and workforce development, training the next generation of researchers and practitioners, empowering educators and reaching into communities.

This effort directly supports the goals outlined in Executive Order 14277, “Advancing Artificial Intelligence Education for American Youth,” which calls for expanding

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