Grants to New Mexico businesses, organizations, and projects to promote job creation and economic development in eligible locations. Funding is intended to support programs and activities that have a significant impact on achieving economic growth, expanding and diversifying the tax base, and creating new quality jobs within El Paso Electric’s New Mexico service territory, which includes Doña Ana, Hidalgo, Otero, Sierra, Grant, Lincoln, and Luna counties. New businesses or the expansion of existing businesses can be considered.
The Project MUST:
Show a clear demonstration of public purpose and economic benefit through advancement of the region’s economic goals which include expanding the tax base, creating quality economic-based jobs (definition below), increasing private capital investment in the community, and spurring development;Include solid evidence provided by the business that demonstrates the business’s financial stability and capacity to complete the project;Be in compliance with all local, state and federal laws.Description of Economic-Based Industry/Jobs, Which Applicants Must Demonstrate Their Ability To Create:Economic growth and prosperity within Doña Ana County depends on sectors that export goods and/or services to customers outside of the region. These sectors are known as “economic-based industries/jobs”. These economic-based industries stimulate local economic growth by bringing jobs and income into the Doña Ana County economy.