Economic Development Grant in New Mexico
GrantID: 75876
Grant Funding Amount Low: $1,000
Deadline: Ongoing
Grant Amount High: $3,000
Summary
This grant opportunity provides localized financial assistance to help stabilize and restore physical storefronts and facilities within a specific metropolitan area in the Southwest. The program is designed to support brick-and-mortar locations that have experienced damage to exterior windows, often as a result of vandalism or similar incidents. Its overall goal is to reduce unexpected repair costs, help organizations reopen quickly, and maintain safe, welcoming spaces that contribute to neighborhood vitality.
Funding is available to small businesses, nonprofit organizations, and certain educational or community-based entities that operate from a physical location within the designated city limits. Individuals and home-based businesses are generally not eligible. Applicants must demonstrate that the damage occurred within a defined recent period and that repairs are necessary to restore normal operations. The program emphasizes support for established entities that serve the public and contribute to local economic activity.
Grant funds are awarded as reimbursements for eligible repair or replacement expenses rather than as advance payments. Award amounts are capped, with grants typically covering up to several thousand dollars per location. In some cases, higher reimbursement levels may be available when repairs include safety-enhancing or more durable materials intended to reduce future damage. Funds may be used for labor, materials, and related costs directly associated with window repair or replacement.
The intent of the funding is not only to address immediate physical damage, but also to promote long-term resilience, public safety, and visual improvement in commercial corridors. By easing the financial burden of repairs, the grant helps organizations focus resources on serving customers, clients, and communities rather than absorbing sudden losses.
This opportunity is best suited for small, community-focused businesses and nonprofit organizations operating in the eligible region that need short-term financial relief to recover from property damage. Overall, the grant supports economic stability, neighborhood confidence, and the continued presence of active, open storefronts in the local area.
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Eligible Regions
Interests
Eligible Requirements
