New Mexico Economic Development Grant

New Mexico Economic Development Grant is sponsored by Community Foundation of Southern New Mexico (in partnership with El Paso Electric). Supports private businesses, projects, and organizations that make a measurable difference in achieving economic growth and development, expanding and diversifying the tax base, and creating new quality jobs within the designated utility service territory.

Apply for NM Economic Development – Community Foundation of Southern New Mexico Apply for NM Economic Development New Mexico Economic Development Grant Announces New Logo We are proud to unveil the official logo for the New Mexico Economic Development Fund (NMED).

Launched in 2021 through a partnership between El Paso Electric (EPE) and Infrastructure Investments Fund (IIF), this initiative is held in collaboration with the Community Foundation of Southern New Mexico and guided by a dedicated three-member board of advisors. Each year, $1 million is invested in economic development organizations committed to job creation, business growth, and entrepreneurial innovation throughout New Mexico.

This fund and its new logo stand as a symbol of partnership, progress, and a shared belief in New Mexico’s bright future. Together, we’re building stronger communities. New Mexico Economic Development Public Meeting This meeting will be held in person at the Community Foundation of Southern New Mexico offices at 2640 El Paseo Rd.

Attendees can also attend the meeting via Zoom with the following information: Meeting ID: 864 5716 0405 New Mexico Economic Development Grant View April 2026 Press Release 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 Closed for 2026 New Mexico Economic Closing 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. Job creation must be connected to growth of 10+ jobs within a 12-18 month period.

This grant funding is to be allocated to for profit entitys within our region. This grant will be accepting applications through December 31, 2025. Application is currently closed.

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; Include solid evidence provided by the business that demonstrates the business’s financial stability and capacity to complete the project; 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.

New Mexico Economic Development October 2026 Public Meeting Meeting Recording from October 7, 2026 New Mexico Economic Development April 2026 Public Meeting Meeting Recording from April 14, 2026