Coronavirus (COVID-19) Relief Center
Coronavirus (COVID-19) Relief Center
-
Learn More
- Relief Center
- Federal
- New York State
- NYC
- California
- Washington State
-
Other States
- Alabama
- Alaska
- Arizona
- Arkansas
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- West Virginia
- Wisconsin
- Wyoming
- Charitable
- Relief Center
- Federal
- New York State
- NYC
- California
- Washington State
-
Other States
- Alabama
- Alaska
- Arizona
- Arkansas
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- West Virginia
- Wisconsin
- Wyoming
- Charitable
New Miexico
These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on May 14, 2020.
For more up-to-date information on the relief programs available in New Mexico, we recommend that you visit the state’s COVID-19 Resources website.
Description of Program and Relief
Local Economic Development Act
Description of Program and Relief
In connection with the COVID-19 pandemic, New Mexico modified its Local Economic Development Act (“LEDA”) to now provide no-interest loans to help pay for land, buildings, and infrastructure to relocate or expand for any companies that manufacture, process, or assemble agricultural or manufactured products; any companies that store, warehouse, distribute, or sell agriculture, mining, or manufactured products; and employers eligible for in-plant training assistance under the Economic Development Department’s Job Training Incentive Program (Section 21-19-7 NMSA 1978). The loans can also be used for lease abatements or mortgage assistance.
Government or Lead Agency
Economic Development Department
Dates Available
Effective immediately
Eligibility Requirements/Restrictions
To qualify for the program, a company must be one of the manufacturing businesses described above with over 50% of its revenue outside of New Mexico or a retail business in a community with under 15,000 people. All loans must have security equal to the amount of the loan.
Additional information about the eligibility requirements can be found here:
https://gonm.biz/business-development/edd-programs-for-business/finance-development/leda/.
Application Deadlines (If Applicable)
N/A
Contact for More Information
Businesses interested in LEDA should contact their regional development representative.
-
Cibola, McKinley, San Juan and Sandoval counties, contact Lorraine Ruggles, (505) 490-7662 or Lorrainel.Ruggles@state.nm.us.
-
Los Alamos, Rio Arriba and Taos counties, contact Peter Mitchell, (505) 827-2199 or Peter.Mitchell@state.nm.us.
-
Bernalillo, Santa Fe, Torrance and Valencia counties, contact Max Gruner, (505) 412-5036 or Max.Gruner@state.nm.us.
-
Colfax, Guadalupe, Harding, Mora, Quay, San Miguel and Union counties, contact Tim Hagaman, (505) 862-2322 or Tim.Hagaman@state.nm.us.
-
Catron, Dona Ana, Grant, Luna, Sierra and Socorro counties, contact Christine Logan, (575) 373-5602 or Chirstine.Logan@state.nm.us.
-
Chaves, Curry, De Baca, Eddy, Lea, Lincoln, Otero and Roosevelt counties, contact Susie Russell, (575) 626-6653 or SusanL.Russell@state.nm.us.
List of Additional Information
Additional information can be found here: https://gonm.biz/about-us/covid-19-response/.
© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.