COVID-19 Economic Recovery

Economic Development Project Funding and Application Assistance

Are you pursuing grant funding for an economic development project and need some assistance? We can help enhance your application or make sure your application is ready for review! Contact Augusta Meyers at ameyers@mrcog-nm.gov for assistance.

Mid-Region Economic Recovery and Resiliency Plan

Economic Recovery Image Opens in new windowMRCOG is partnering with MRWM Landscape Architects, ESP, HatchForm, and RS21 to identify economic recovery and resiliency strategies for the entire MRCOG region. The Economic Recovery and Resiliency Plan will explore natural and man-made hazards that have and may continue to cause disruption to our regional economy. It addresses how events – including the Covid-19 pandemic – expose and exacerbate social and economic weaknesses. The final plan will provide a framework for communities to develop and seek funding for policies, programs, and projects to build economic resilience.

What are the threats and challenges facing your community’s economy? What does economic resilience look like?

Provide valuable feedback on a plan that will identify a roadmap for greater community resiliency! Find an outreach event near you, or participate in our survey!

  1. Funding Opportunities
  2. Business Resources

Funding Opportunities

Emergency Rural Health Care Program

This program is designed to help broaden access to COVID-19 testing and vaccines, rural health care services, and food assistance through food banks and food distribution facilities.

Rural Energy for America Program

This program provides loan financing and grant funding to both rural small businesses and agricultural producers for renewable energy systems or to make energy efficiency improvements. 

Rural Business Development Grants

This program is designed to support targeted technical assistance, training, and other activities leading to the development or expansion of small and emerging private businesses in rural areas that have fewer than 50 employees and less than $1 million in gross revenues.

Expanded and Improved Small Business Recovery Loan Fund

New Mexico Finance Authority (NMFA) has increased eligibility and flexibility of the Small Business Recovery Loan Fund. This $500 million loan fund offers loans up to $150,000 at a current interest rate of 1.625%, terms up to ten years, no payments due the first year, interest-only payments due in the second and third year, and no penalty for paying off a loan in advance.