15 Organizations Receive Economic Development Grants

SANTA FE, N.M. – Nearly $260,000 has been awarded to 15 local economic development organizations through LEADS, Local Economic Assistance & Development Support, the New Mexico Economic Development Department (EDD) announced today.

Grant amounts ranged from $7,400 to $25,000 and funding is provided on a cost reimbursement basis. Funding provided through LEADS is intended to create jobs through recruitment, retention, expansion, and startup activities; develop the tax base; and provide incentives for business development.

“LEADS is an important program because it allows us to invest in strong initiatives and collaborate with local communities as we work together to create jobs,” Economic Development Cabinet Secretary Alicia J. Keyes said. “The demand has grown for this program, and we appreciate the support from Gov. Michelle Lujan Grisham and legislative leaders which resulted in additional funding this year.”

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