Opening Soon!
Healthy Food Financing Fund
Applications open from Wednesday, October 16 at 9 am through Wednesday, November 13 at 11:59 pm. FY25 informational webinar: Tuesday, October 22 at 11 am.
Food, Hunger, and Agriculture Program
Contact Info:
Applications open from Wednesday, October 16 at 9 am through Wednesday, November 13 at 11:59 pm. FY25 informational webinar: Tuesday, October 22 at 11 am.
The mission of the Food, Hunger, and Agricultural Program is to support the intersection of economic development in New Mexico’s food and agricultural sector with increased food security for New Mexicans.
The Food, Hunger, and Agriculture Program is part of Governor Michelle Lujan Grisham’s Food Initiative and prioritizes:
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EDD’s State Plan identifies sustainable and value-added agriculture as one of 9 target industries for economic development to build a diverse and robust economy that engages local talent, cultivates innovation, and delivers prosperity for all New Mexicans.
The following excerpts from the State Plan speak to the need for technical assistance and financial tools tailored to small-midscale food processing and agricultural operations.
Learn more about sustainable and value-added agriculture in the state plan.
“Agriculture, particularly of the sustainable variety, is a capital-intensive industry with significant up-front costs associated with investments in land and industrial infrastructure, such as heavy machinery. The ability for agricultural firms to easily access capital is a necessity for the establishment of a technology-enabled and sustainable agriculture industry…
…Stakeholders have indicated that New Mexico’s agriculture industry remains well-positioned to expand into the future. However, this expansion will require the state and stakeholders to capitalize on a number of opportunities arising in the near- and mid-term; many of these opportunities will require investments in financing mechanisms, education and training programs, and industry-relevant infrastructure development…
..Increasing food processing capacity in New Mexico will require additional and more stable funding mechanisms for producers in the state…the establishment of a revolving loan fund or non-traditional lending program for New Mexico’s agriculture industry could help the state expand food processing operations in rural and urban regions of the state.”
New Mexico Economic Development Department
Main number: (505) 827-0300 (se habla español)
Joseph M. Montoya Building
1100 S. St. Francis Drive
Santa Fe, NM 87505-4147
Albuquerque Office
500 Marquette Ave NW Suite 640
Albuquerque, NM 87102
Mailing Address:
New Mexico Economic
Development Department
P.O. Box 20003
Santa Fe, NM 87504-5003
The mission of the New Mexico Economic Development Department is to Improve the lives of New Mexico families by increasing economic opportunities and providing a place for businesses to thrive.
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