Funder · State agency

New Mexico Economic Development Department

Funds New Mexico growth through state economic development tools including matching support, workforce incentives, and local investment initiatives.

United Statesedd.newmexico.gov

Key stats

Annual funding—

Programs7

Active grants3

Total grants5

About

The New Mexico Economic Development Department is the state agency responsible for growing the New Mexico economy through business formation, expansion, and job creation. It runs with a $28 million annual budget, 74 staff, and offices in Santa Fe and Albuquerque, and it works alongside the New Mexico Partnership on business attraction.

Its grant-facing portfolio includes the SBIR Matching Grant, …

Programs & grants under this funder

Job Training Incentive Program (JTIP)

Provides wage reimbursement to manufacturers and exporters hiring and training new workers in New Mexico.

1 grant

JTIP

Open

— pool·Rolling submission

Local Economic Development Act (LEDA)

Connects Capital reimbursement grants local governments support expanding relocating businesses that create New Mexico jobs.

1 grant

LEDA

Open

— pool·Rolling submission

New Mexico Small Business Assistance (NMSBA) Program

Backs Free technical consulting hours Sandia Los Alamos national lab scientists New Mexico small businesses.

New Mexico SBIR/STTR Matching Grant

Provides New Mexico small-business innovation program small-business technology transfer program Matching Grant supporting practical outcomes through targeted.

NM Small Business Innovation Research (SBIR) Matching Grant

Funds New Mexico for-profit SBIR/STTR companies through state matching support.

1 grant

NM Small Business Innovation Research (SBIR) Matching Grant

Between cycles

— pool

NM Science and Technology Business Startup Grant

Funds New Mexico technology startups commercializing products in priority deep-tech sectors.

1 grant

NM Science and Technology Business Startup Grant

Closed

— pool