Santa Fe, NM – Today, 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,” said Economic Development Secretary Matt Geisel. “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/.