You can now apply for the LEDA Recovery Grants 2021/2022 for interested persons. All applicants will need to create a new account with a username and password.
The LEDA Recovery Grants were created by the State of New Mexico in the 2021 Legislative Session by House Bill 11 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.
This program is administered by NMFA on behalf of the New Mexico Economic Development Department.
What is a grant?
A grant is money given for a specific purpose without any obligation to repay the funding. In this case, the grants are based on job creation. Unlike a loan, a grant does not need to be paid back.
Eligibility LEDA Recovery Grants 2021/2022
Who can apply for a LEDA Recovery Grant?
- A business operating in New Mexico
- A business that has at least one but fewer than 75 full-time or part-time employees employed at any of the business’s locations
- A business that is current on all state and local tax obligations, and
- A business that experienced a decline in business revenue between comparable quarters in taxable years 2019 and 2020
How to Apply for LEDA Recovery Grants 2021/2022
To apply for the Leda recovery grant, visit: https://www.nmfinance.com/leda-recovery-grants/
LEDA Recovery Grants 2021/2022 Application Deadline
The application rounds will be open on a rolling basis until the funds are gone or December 31, 2021, whichever comes first.
Please see the top of this webpage for the most current application round and deadline.
Each round after the initial round will be open for approximately two weeks. More application rounds may be added as long as funds are available through December 31, 2021.
The grant applications will be prioritized and grants will be awarded after each application round. The grants will be awarded based on the prioritization, not on a first-come, first-served basis.