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New Mexico LEDA — Local Economic Development Act Grants

New Mexico Economic Development Department (NMEDD)NM-LEDARefreshed 12 days ago
Do I qualify?
Who can apply

Businesses, Gov entities

Government-funded

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

Infrastructure grants to New Mexico local governments to support economic development projects creating primary jobs, funding roads, utilities, broadband, and building improvements for qualifying employers.

Key Requirements & Eligibility

  • 1Municipality or county must apply on behalf of a qualifying employer
  • 2Employer must create primary jobs (bringing new money into NM economy)
  • 3Wages must be at or above median wage for the relevant occupation
  • 4Grant funds infrastructure only; employer cannot receive funds directly
  • 5Job creation commitments include clawback if targets not met within 3 years

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.

0 of 5 answered

1.Municipality or county must apply on behalf of a qualifying employer

2.Employer must create primary jobs (bringing new money into NM economy)

3.Wages must be at or above median wage for the relevant occupation

4.Grant funds infrastructure only; employer cannot receive funds directly

5.Job creation commitments include clawback if targets not met within 3 years

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Official Source