Economic Development Secretary Matt GeiselNMEDD News:
SANTA FE ― Yesterday, Economic Development Secretary Matt Geisel announced $167,500 in Local Economic Assistance & Development Support Program (LEADS) grants to 18 communities across the state.
The grants will fund a variety of economic development projects throughout New Mexico and support the continued growth of our state and local economy.
“Community development is a crucial aspect of economic growth,” Geisel said. “These LEADS grants will promote job creation, corporate recruitment and business development. With the awarded funds, communities are able to invest in themselves and foster change in their own backyards.”
Projects types are broken into the categories of attraction, business retention & expansion, workforce, tech & entrepreneur and real estate. Grant funding per project ranges from $5,000-$12,500.
The Following Communities/Community Organizations Received Funding:
- Lea County Economic Development Corporation
- Mesilla Valley Economic Development Alliance
- Otero County Economic Development Corporation
- Greater Gallup Economic Development Corporation
- Carlsbad Department of Development
- Clovis Industrial Development Corporation
- Four Corners Economic Development Corporation
- Grow Raton
- Sandoval County
- City of Tucumcari
- Lovington Economic Development Corporation
- City of Los Lunas
- Cibola County Economic Development Corporation
- Guadalupe County
- City of Las Vegas
- San Miguel County
- Santa Fe County
- Santa Clara
- Southern Luna County
The LEADS Program was created in 2016 to help communities develop successful and sustainable economic outcomes. The New Mexico Economic Development Department’s Community, Business and Rural Development Team works with community groups to identify projects and prepare the application.
More information on eligibility and the application process may be found at https://gonm.biz/community-development/leads/.