New Mexico Economic Development Department logo
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 States
Annual funding-
Programs8
Active grants2
Total grants6

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, …

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