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.

Technical Assistance

MRCOG staff are available to assist with:

  • Reviewing grant applications
  • Locating potential funding sources for projects
  • Facilitating and hosting virtual trainings
  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.

LEDA Recovery Grants

The LEDA Recovery Grants were created by to provide $200 million in grant funding to New Mexico small businesses that are experiencing financial hardship due to the pandemic. These grants are specifically tied to job creation, must be used as reimbursements of rent, lease or mortgage payments, and are prioritized based on the severity of economic decline experienced by the business.

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.