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New Mexico Economic Development Department: FundIt

Deadline: December 17, 2019

New Mexico FundIt assists communities in accessing financing from over 15 different state and federal entities—all at one in-person meeting. FundIt is not a grant program; it is a platform connecting the community with a variety of different agencies and resources simultaneously. This collaboration saves time, improves effective project review and support, and ensures strategic investments with public resources.

FundIt helps organizations to navigate the funding world, and make connections with resources for the community in the commercial and public sectors. The process is outlined below:

  1. Community leader submits FundIt application
  2. Project is reviewed and selected
  3. Project is presented at FundIt quarterly meeting
  4. Community is connected to funding agencies and resources

Federal and State Agencies Represented in FundIt include:

  • Capital Outlay Unit, New Mexico Department of Finance and Administration
  • Local Government Division, New Mexico Department of Finance and Administration
  • New Mexico Councils of Governments/NewMARC
  • New Mexico Economic Development Department
  • New Mexico Environment Department
  • New Mexico Department of Indian Affairs
  • New Mexico Finance Authority
  • New Mexico Energy, Minerals and Natural Resources Department
  • U.S. Small Business Administration
  • U.S. Department of Agriculture, Rural Development
  • New Mexico Mortgage Finance Authority
  • New Mexico Department of Transportation

Amount: Not applicable.

Eligibility: Eligible projects Include:

  • Business development such as incubators, industrial parks
  • Community development such as feasibility studies, comprehensive plans
  • Infrastructure development such as capacity increase, update or replace current
  • Housing where there are critical shortages
  • Downtown revitalization
  • Opportunity Zones

Link: https://gonm.biz/business-development/edd-programs-for-business/finance-development/fundit/

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