Federal Grants Provided For NM Rural Economic Development

U.S. Senator Tom Udall (D-N.M.), a member of the Senate Appropriations Subcommittee on Agriculture and Rural Development, announced that seven projects will receive a total of $303,000 from the U.S. Department of Agriculture (USDA) to support New Mexico’s small and emerging rural businesses through technical assistance, training programs, and studies for future economic growth possibilities.
 
“New Mexico’s small businesses are the backbone of our state, and their survival means everything to our rural communities,” said Udall. “Additionally, these grants provide support to tribes, which face unique challenges in creating job growth. Smart investments are key to building new economic opportunities, and I am glad to see the USDA continuing its commitment to our rural economies.”
 
The funding was made available through the Rural Business Enterprise Grant (RBEG) program, which promotes development of small and emerging businesses in rural areas. RBEGs may also be used to help fund distance learning networks and employment-related adult education programs. Eligible applicants for the program include public bodies, nonprofit corporations and federally recognized Indian tribes.
 
USDA, through its Rural Development mission area, has a portfolio of programs designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.
 
Click here for a complete list of the 131 recipients receiving more than $6.5 million in USDA funding.
 
New Mexico projects receiving grants are:
 
$40,000 – Northwest New Mexico Council of Governments to provide instruction, training and technical assistance to Native American entrepreneurs.
 
$75,000 – Pueblo of Acoma – Acoma Business of Enterprises to develop a comprehensive business plan and marketing study.
 
$50,000 – Rio Grande Council of Governments to provide technical assistance to small businesses.
 
$19,850 – Village of Magdalena to conduct a feasibility study.
 
$48,150 – Center for Southwest Culture to provide technical assistance and training.
 
$20,000 – Southwest Care Center to conduct a feasibility study for a proposed clinic and birth center in Espanola.
 
$50,000 – Oso Vista Ranch Project to provide technical assistance.