Local Economic Development Act (LEDA) Funding

Written by Kristelle

March 27, 2020

From NM Idea:

Local Economic Development Act (LEDA) Zero-Percent Interest Loans

  • Limited to expenditures for land, building and infrastructure
  • Can be used for lease abatement or mortgage assistance
  • Company must be a qualified entity (manufacturer, non-retail service business with more than 50% of revenue generated out of state, or a retail business in a community of less than 15,000 in population)
  • All loans will be required to provide security equal to the amount of the loan

 

Contact: Mark Roper, Mark.Roper@state.nm.us or 575.562.0327

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