Apply for NM Economic Development

November Meeting Recording

Meeting Recording from November 30, 2023

Passcode: $r0D3#Xj

New Mexico Economic Development Grant

The purpose of this grant is to support private businesses, projects and organizations that make or will make a measurable difference in achieving economic growth and development, expanding and diversifying the tax base, and creating new quality jobs within El Paso Electric’s New Mexico service territory. New businesses or the expansion of existing businesses can be considered.

Application closes January 5, 2024 at 11:59PM

New Mexico Economic Initiative Grant

Description of Economic-Based Industry/Jobs, which applicants must demonstrate their ability to create:

Economic growth and prosperity within Doña Ana, Luna, Otero and Sierra counties depends on sectors that export goods and/or services to customers outside of the region. These sectors are known as “economic-based industries/jobs”. These economic-based industries stimulate local economic growth by bringing jobs and income into Doña Ana, Luna, Otero and Sierra counties economy.

This grant will be accepting applications through December 31, 2024. Applications will be reviewed quarterly by the NM Economic Development Advisors.

Application is reviewed quarterly

The Project MUST:

  1. Show a clear demonstration of public purpose and economic benefit through advancement of the region’s economic goals which include expanding the tax base, creating quality economic-based jobs (definition below), increasing private capital investment in the community, and spurring development;
  2. Include solid evidence provided by the business that demonstrates the business’s financial stability and capacity to complete the project;
  3. Be in compliance with all local, state and federal laws.

Description of Economic-Based Industry/Jobs, Which Applicants Must Demonstrate Their Ability To Create:

Economic growth and prosperity within Doña Ana County depends on sectors that export goods and/or services to customers outside of the region. These sectors are known as “economic-based industries/jobs”. These economic-based industries stimulate local economic growth by bringing jobs and income into the Doña Ana County economy.

2022-2023

Impact Report

2022-2023

Impact Report

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Call (575) 521-4794