New Mexico FUNDIT

FUNDIT for Communities 

FUNDIT was created to assist communities in accessing financing from a group of agencies simultaneously.  This collaboration saves time and duplication, improves the effectiveness of project review and support, and ensures strategic investments with public resources.

Apply here

Agencies represented in FUNDIT:

  • Capital Outlay Unit, New Mexico Department of Finance & Administration
  • Local Government Division, New Mexico Department of Finance & Administration
  • New Mexico Councils of Governments/NewMARC
  • New Mexico Economic Development Department
  • New Mexico Environment Department
  • New Mexico Department of Indian Affairs
  • New Mexico Finance Authority
  • New Mexico Energy, Minerals & Natural Resources Department
  • U.S Small Business Administration
  • U. S. Department of Agriculture, Rural Development
  • New Mexico Mortgage Finance Authority
  • New Mexico Department of Transportation

Eligible projects include:

  • Business development such as incubators, industrial parks
  • Community development such as feasibility studies, comprehensive plans
  • Infrastructure development such as capacity increase, update or replace current
  • Housing where there are critical shortages
  • Downtown revitalization

In order to bring a project before FUNDIT you should be prepared to provide a description of the project; the project should be listed as a priority on the local Infrastructure Capital Improvement Plan (ICIP), Economic Development Plan, and/or Comprehensive Master Plan; you will need to know the total capital investment (equity and debt), jobs that will be created or retained by the project, and you will need to provide a financial pro forma and the project timeline.

Contact your Regional Representative or Johanna Nelson at Johanna.Nelson@state.nm.us or 505-827-0264.

FUNDIT for Small Businesses 

FUNDIT is expanding to be able to assist small businesses connect with financing opportunities. The new arm of the program will work to connect business owners and aspiring entrepreneurs to lenders and business resources. The group will host a series of FUNDIT Finance Fairs across the state, where the public will be able to meet face to face with numerous local lenders as well as business resource providers to discuss their projects or ask questions about financing. The first event will be held, July 17 in Taos, 11-3 (location TBD). The event is free, but registration is required.

If you are interested in attending as a guest or you’d like to have a table at the event, please register here. If you have trouble accessing the online registration form, please email or contact Johanna.Nelson@state.nm.us or 505-827-0264.

FUNDIT Small Business Matchmaker

Small businesses or aspiring entrepreneurs are able to submit their projects to be reviewed by our email list of lenders and small business resources. If the project is a match, lenders or other business resources will contact the project. 

Submit your business project to the FUNDIT Small Business Matchmaker here

Lenders and small business resource providers, to sign up to our email list to receive financing inquiries, you can sign-up here. 

FUNDIT Webinars
Explore How the 2020 Census Will Affect Grant Application Data
Watch the recording

Exploring USDA's Funding Opportunities
Watch the recording

Demystifying the New Markets Tax Credit Program
Watch the recording

Exploring the Department of Transportation's Funding Programs
Watch the recording

Next FUNDIT Meeting:

June 25
10:00-12:00
ACCION
2000 Zearing Ave NW
Albuquerque, NM 87104
Application deadline is June 17, 2019

Contact (505) 827-0264 or
Johanna.Nelson@state.nm.us
for more information.