Businesses, Gov entities
Government-funded
$5.0M
per applicant
Grant
Cash award, application-based
Rolling
No fixed cutoff
Rolling
Or check for open cycles
Moderate
Standard state application
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.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
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
CAEATFA · California
Full state and local sales and use tax exemption (7.25–10%) on equipment purchases for California manufacturers of solar, wind, batteries, EVs, fuel cells, and green building materials. Reduces equipment procurement costs with board pre-approval.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.
GOED · Nevada
Sales tax abatements (up to 2%), property tax abatements, and Modified Business Tax credits for clean energy manufacturers locating or expanding in Nevada. Targets solar, wind, battery storage, and EV-related product manufacturers creating 10+ jobs.