NMEDD Awards $170,000 in LEADS Grants to 18 Rural Communities Throughout New Mexico

12 Aug 2016

Business Financing

Today, the New Mexico Economic Development Department (NMEDD) announced that 18 communities have been selected to receive Local Economic Assistance & Development Support (LEADS) grants. The $170,000 in grants will help communities create jobs, develop their tax base and encourage economic development. Since the program began in 2015, $346,200 has been distributed to rural communities to help supplement their economic development efforts.

"Identifying and funding rural projects that have the most economic potential in a community to create jobs and encourage private-sector investments is something Governor Martinez and I are proud to support," said Economic Development Secretary Jon Barela. "The LEADS program is an innovative way to help communities diversify and strengthen their economies."

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