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                                April 9, 2024
                                
U.S. Department of Commerce Invests $1.3 Million for Building Renovations to Support Economic Development in Santa Fe, New Mexico
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                                Contact: EDA Public Affairs Department, [email protected]
                    WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the North Central New Mexico Economic Development District in Santa Fe, New Mexico, for building renovations to support economic development in the region.

This grant will establish a new headquarters office for the North Central New Mexico Economic Development District. This EDA investment will be matched with $325,000 in local funds.

“President Biden’s Investing in America agenda is a commitment to ensuring that all communities in New Mexico and across the country have the resources they need to diversify and boost their local economies,” **said Secretary of Commerce Gina Raimondo**. “This EDA investment will revitalize the work of the North Central New Mexico Economic Development District, supporting economic opportunity and growth for the future.”

“The Economic Development Administration works hand-in-hand with local communities to support their bottom-up, middle-out economic development strategies,” **said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo**. “This strategic, place-based investment in Santa Fe will provide the necessary business infrastructure to support economic development, job growth, and business expansion in the region.”

“The new headquarters of the North Central New Mexico Economic Development District will be a beacon of progress, offering vital resources to local governments, fostering innovation, entrepreneurship, and prosperity across our communities,” **said Governor Michelle Lujan Grisham**.

“I am pleased to welcome this major investment in the North Central New Mexico Economic Development District. This funding will help connect working families with new career opportunities and grow the economy across northern New Mexico,” **said Senator Martin Heinrich**. “I will keep working to steer strategic infrastructure investments like this to communities all across our state to build the economic future that New Mexicans deserve.”

“It’s critical the federal government invests in the development of all local economies, ensuring positive growth for their communities and families,” **said Senator Ben Ray Luján**. “I’m proud to welcome this important investment from the Biden Administration to establish a new office to support economic development in North Central New Mexico. This investment will help boost economic opportunities and create more jobs for this local community for years to come.”

“The Biden Administration continues to show its commitment to creating good paying jobs for Nuevo Mexicanos. This $1.3 million investment from the annual appropriations bill, which I voted for in Congress, will help build a new office for the North Central New Mexico Economic Development District in Santa Fe, from where they can continue to stimulate our enchanted economy,” **said Representative Teresa Leger Fernández (NM-03)**.

**About the U.S. Economic Development Administration (****www.eda.gov****)**The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth. About
    
                        
                              
      
      
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