NMEDD, Funding Agencies Call on Communities to Submit Economic Development Project Proposals for Funding Opportunities

The New Mexico Economic Development Department will host the next FUNDIT meeting December 12th  to help local leaders identify funding for economic development projects. New Mexico FUNDIT, is a streamlined approach to help communities identify funding opportunities in one centralized location by bringing local, state and federal funding agencies together to analyze and compare proposals for capital projects. The state is calling on communities to submit project proposals by December 1st, for review during its upcoming meeting.

New Mexico FUNDIT is an informal group of funding agencies that meets regularly to review potential projects. Over 13 Federal and State entities are represented in the group. Their goal is to improve the effectiveness of project review and support, while ensuring communities have the information they need to obtain full funding for projects.

Projects should be of public interest; projects from commercial businesses are not eligible for this program. The types of projects to be considered include:

*             Business Development

*             Community Development

*             Infrastructure Development

*             Housing Projects

*             Downtown Redevelopment

The meeting will take place from 1:30 p.m. – 3:30 p.m. The meeting is on December 12th at WESST, 609 Broadway Blvd NE, Albuquerque, NM 87102. For more information, to submit a project application or to RSVP contact Johanna Nelson at Johanna.Nelson@state.nm.us, 505-827-0264.