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New Mexico Local Economic Development Act (LEDA) Fund

New Mexico Economic Development Department (EDD)NM-LEDA
Max per Applicant

$1.0M

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

New Mexico

About This Program

Discretionary grants for economic development projects that create primary jobs in New Mexico. Typical award of $2,500–$10,000 per job created, with grants used for infrastructure, land, building improvements, or equipment to support business location or expansion.

Key Requirements & Eligibility

  • 1Must create primary jobs (traded sector jobs that bring new income into NM)
  • 2Grant: $2,500–$10,000 per new job
  • 3Local government co-applicant required (usually city or county)
  • 4Funds spent on: land, building, infrastructure, or equipment
  • 5Disbursement post-performance after jobs are verified

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

ManufacturingTechnologyAgriculture
Official Source