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GrantNew MexicoActiveVerified

New Mexico Local Economic Development Act (LEDA) Grant

New Mexico Economic Development Department (NMEDD)NM-LEDARefreshed 1 month ago
Do I qualify?
Max funding

$5.0M

per applicant

Type

Grant

Cash award, application-based

Deadline

Rolling

No fixed cutoff

Timing

Rolling

Or check for open cycles

Complexity

Moderate

Standard state application

About This Program

New Mexico's primary economic development tool — provides grants to local governments for infrastructure, land, and buildings to attract or retain businesses creating primary jobs with above-average wages.

Key Requirements & Eligibility

  • 1Project must create primary jobs (goods/services sold outside NM or regionally)
  • 2Minimum wages must meet county median
  • 3Grant flows to municipality or county, which enters agreement with business
  • 4Infrastructure, building improvements, and land acquisition eligible
  • 5Clawback provisions if job commitments not met within 5 years

Do I qualify?

Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Project must create primary jobs (goods/services sold outside NM or regionally)

2.Minimum wages must meet county median

3.Grant flows to municipality or county, which enters agreement with business

4.Infrastructure, building improvements, and land acquisition eligible

5.Clawback provisions if job commitments not met within 5 years

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