Economic Development

North Central partners with local organizations to plan, finance, and manage high-impact community improvement projects. For questions about how your local organization can partner, contact our Economic Development Director, Christopher Madrid, at (505) 920-9257. 

Comprehensive Economic Development Strategy

The North Central NM Comprehensive Economic Development Strategy (CEDS) is a community-driven blueprint for growing the regional economy.  EDA uses the CEDS to guide their strategic investments in our region. North Central uses the CEDS planning process to coordinate and align our program of work with local, regional and statewide economic development plans and partners including:

EDA Grant Programs

North Central is a strategic partner of the U.S. Economic Development Administration (EDA). Staff is available to help you apply for and administer EDA grants. Get in touch if you think you have a project that's eligible for EDA funding.


Recent Success Stories

Participating Revolving Loan Fund

The NCNMEDD Revolving Loan Fund partners with Northern New Mexico banks to provide participation loans that fill financial gaps for businesses located in the counties of Colfax, Los Alamos, Mora, Rio Arriba, San Miguel, Sandoval, Santa Fe, and Taos.
During the life of the Fund, NCNMEDD has lent almost $3.5 million to 49 firms on projects that generated $15 million of business development activity and over 1,000 jobs created and retained in the region. 


Working Now Revolving Loan Fund

NCNMEDD is excited to announce the new Working Now revolving loan program. Working Now loans are now available to help small businesses affected by the pandemic with expenses like payroll, rent, inventory, marketing, ecommerce development, personal protective equipment and small capital improvements. In addition to funding, NCNMEDD will offer borrowers  technical assistance throughout the life of the loan to foster business success and sustainability.


The Working Now loan process is simple and straightforward. The terms and conditions of the loan will not change, and the review process is streamlined. Our office is here to help you every step of the way.

For more information or to submit an application, click below or contact Christopher Madrid at (505) 920-9257 or by email at chrism@ncnmedd.com .