Economic Development Department

About the Department

We want a state with a strong economy so our children and grandchildren can go to school in New Mexico and then stay here to have a successful career and raise a family. That is why we need to invest in economic development.

The Economic Development Division (EDD) assists New Mexico businesses and communities through its key programs and professional staff.

  • New Mexico MainStreet works with communities statewide to revive downtown commercial districts with preserving cultural and historic resources.
  • The Job Training Incentive Program (JTIP) funds classroom and on-the-job training for newly-created jobs in expanding or relocating businesses for up to 6 months. JTIP supports business growth while upgrading the skills of New Mexicans.
  • The commercialization of New Mexico’s extensive R & D assets diversifies the state’s economy, creates STEM jobs and is the purpose of the Office of Science & Technology (OST). OST provides technical and financial assistance to businesses working with a New Mexico-born technology.
  • The Office of International Trade promotes foreign direct investment into the state and assists New Mexico businesses in accessing international markets to sell their products and services.
  • The Community, Business and Rural Development staff are located in regional offices statewide. The “Regional Reps” provide business retention and expansion services utilizing other EDD programs such as LEDA, JTIP and other finance development tools. The Reps also assist communities of every size achieve their respective economic development goals.

The goal of the new Outdoor Recreation Division (ORD) is to expand the outdoor economy to every corner of the state, bringing jobs and prosperity to all state residents.

We have three administratively attached offices – The New Mexico Spaceport; the Office of Military Base Planning and Support and the New Mexico Border Authority.

Most Popular Services

Stephanie Schardin Clarke

Alicia J. Keyes

Alicia Keyes was previously the film liaison for the city of Albuquerque, a role in which she initiated and oversaw the $1 billion agreement with Netflix to establish a landmark studio. She established a workforce training program with both the University of New Mexico and Central New Mexico Community College and was responsible for all film permitting and recruiting.

The New Mexico Film Office

The Film Office serves the film and television industry locally, nationally and internationally. The office’s purpose is to market the state to this industry, service the productions and promote jobs for New Mexicans.

Contact Information

Address:
1100 S. St. Francis Drive
PO Box 20003
Santa Fe, NM 87504
505.827.0300

Latest News

NM Small Businesses to Get Donated Face Coverings

Loan Deadline is June 30 SANTA FE, N.M. – Economic Development Cabinet Secretary Alicia J. Keyes announced that new forgiveness and flexibility rules for the federal government’s Paycheck Protection Program (PPP) will benefit more New Mexico businesses and...