New Mexico MainStreet Receives Funding from USDA to Support Rural Economic Development
Friday, January 19, 2018
Santa Fe, N.M. - Secretary Geisel announced that New Mexico MainStreet (NMMS), a program of the New Mexico Economic Development Department, has been awarded a $35,000 grant from the United States Department of Agriculture (USDA) to fund in-depth rural economic development services in the communities of Belen, Las Vegas, Raton and Tucumcari. The four rural municipalities are participants in the Great Blocks on MainStreet initiative.
"This type of innovative public infrastructure program directly impacts local business development in our downtown MainStreet districts and spurs further private investment, leading to revitalization of our local economies," said Economic Development Secretary Matt Geisel. "This new funding opportunity helps us continue our mission to catalyze economic growth in our rural communities."
Great Blocks on MainStreet starts with the design of public infrastructure improvements and the USDA-supported business development work will be conducted to help ensure that the public infrastructure investments catalyze private sector investment in businesses and buildings to revitalize the local economy. The total project budget is more than $80,000 with $35,000 in investment from USDA.