Federal Funds Boost NM Business

New Mexico – An organization in Truth or Consequences has received a rural development grant.

Bountiful Alliance is receiving $98,942 to establish a commercial kitchen to prepare products for sale locally and regionally.

A second New Mexico organization, Tierra del Sol Housing Corp. in Anthony, has been awarded a $138,058 grant to provide technical assistance and revolving loan funds to small businesses.

Democratic U.S. Sen. Jeff Bingaman says the money will help entrepreneurs in the two New Mexico communities start businesses by providing resources and assistance.

He says the grants came through the U.S. Department of Agriculture's Rural Development Office.

Copyright 2010 The Associated Press.