«Return to News ListingNMCTR Receives a LEDA Recovery Grant

February 2, 2022 – 

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.

NMCTR was awarded $13,600 from the LEDA Grant Recovery Fund. Having been negatively impacted by the pandemic and creating additional job opportunities, NMCTR qualified for this assistance. NMCTR will receive quarterly amounts of $3,400 to assist in the facility rent at NMCTR’s location: HIPICO Santa Fe.