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GrantNew MexicoActiveVerified

New Mexico Local Economic Development Act (LEDA) Fund

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

$1.0M

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

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

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.Must create primary jobs (traded sector jobs that bring new income into NM)

2.Grant: $2,500–$10,000 per new job

3.Local government co-applicant required (usually city or county)

4.Funds spent on: land, building, infrastructure, or equipment

5.Disbursement post-performance after jobs are verified

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