Apply for NM Economic Development

The New Mexico Economic Development Fund will hold an open meeting via Zoom and at the Community Foundation of Southern New Mexico offices on 10/10/23. Interested applicants can attend to learn more about the grant process, application requirements, and ask the Fund Advisors questions. See below for more details on how to attend virtually or by phone. Please RSVP to

Next Meeting

October 10, 2023

Previous Meeting Agenda

May 11, 2023

Past Recording

Meeting Recording from May 11, 2023

Passcode: XX4C#@+b

New Mexico Economic Development Grant

The purpose of this grant is to support private businesses, projects and organizations that make or will make a measurable difference in achieving economic growth and development, expanding and diversifying the tax base, and creating new quality jobs within El Paso Electric’s New Mexico service territory. New businesses or the expansion of existing businesses can be considered.

Click Here To Apply

Application closes January 5, 2024 at 11:59PM

The Project MUST:

  1. Show a clear demonstration of public purpose and economic benefit through advancement of the region’s economic goals which include expanding the tax base, creating quality economic-based jobs (definition below), increasing private capital investment in the community, and spurring development;
  2. Include solid evidence provided by the business that demonstrates the business’s financial stability and capacity to complete the project;
  3. Be in compliance with all local, state and federal laws.

Description of Economic-Based Industry/Jobs, Which Applicants Must Demonstrate Their Ability To Create:

Economic growth and prosperity within Doña Ana County depends on sectors that export goods and/or services to customers outside of the region. These sectors are known as “economic-based industries/jobs”. These economic-based industries stimulate local economic growth by bringing jobs and income into the Doña Ana County economy.

NM Economic Development Grant 2022 Activity

New Mexico Economic Development Report