Financing

Tax Incentives

• Federal Solar Tax Incentives

• New Mexico Solar Market Development Tax Credit

• Sustainable Building Tax Credit

• Renewable Energy Production Tax Credit

Opportunity Zones

NMEDD has created an online hub to assist with education, technical assistance and making connections for businesses, investors, communities, and partners.

New Mexico EDD FUNDIT

A NMEDD platform connecting your community with a variety of different agencies and resources simultaneously

New Mexico Collateral Assistance Program

NMEDD can pledge cash to cover a collateral shortfall of a loan to enable financing that otherwise might not be available to a small business

Community, Business & Rural Development or Regional Representatives

Assist businesses and communities in a broad variety of economic development needs

JTIP (Job Training Incentive Program)

Funds classroom and on-the-job training for newly created jobs in expanding or relocating businesses for up to 6 months

LEDA (Local Economic Development Act)

Allows public support of economic development to foster, promote, and enhance local economic development efforts