LEDA
Funds New Mexico local economic growth through capital support for qualifying businesses.
The Local Economic Development Act (LEDA) program is administered by the New Mexico Economic Development Department (NM EDD), a state agency with a $28 million annual budget and 74 staff across five divisions, to provide reimbursement grants to local governments that in turn direct funds to qualifying expanding or relocating businesses. The program is authorized by statute to fund capital expendit…
Funds capital expenditures — land, buildings, infrastructure, and public works improvements — for qualifying manufacturers, distributors, and economic base employers expanding or relocating in New Mexico, via reimbursement grants administered through local governments.
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