Local Economic Development Act (LEDA)
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Incentives to help your business thrive.
The Local Economic Development Act (LEDA) is a powerful tool designed to help grow New Mexico’s economy by supporting communities and businesses that are expanding or relocating here. It empowers local governments to partner with businesses on projects that create jobs, attract investment, and strengthen local economies.
On behalf of the Clovis City Commission, City of Clovis Economic Incentive Board, and Clovis Economic Development (CED), we invite you to explore funding opportunities available through the Local Economic Development Act (LEDA).
CED is now accepting applications for tax funding eligible under LEDA, including
✔️ Gross receipts tax reimbursement
✔️ Investment in land, buildings, and infrastructure
✔️ Local economic development incentives for retail expansion
What LEDA does For Retail?
EDA provides performance-based grants to local governments — on a reimbursement basis — to assist qualified businesses with costs tied to major economic development projects. These can include investments in land, buildings, infrastructure, and other long-term assets.
WHO IT HELPS
A Qualified Entity can be a corporation, LLC, partnership, or similar business that:
Manufactures, processes, or assembles products;
Operates warehousing, distribution, or related commercial activities;
Is considered an economic-base employer — meaning it brings outside revenue into the state by selling goods or services beyond New Mexico.
Key Priorities
Projects are considered especially strong when they demonstrate:
Strong community support and impact;
Benefits for rural or underserved areas;
Job creation and higher wages;
Significant capital investment;
Environmentally sustainable outcomes.
Resources & Additional Information
🔗 LEDA Policies & Procedures
🔗 Clovis Retail Gap Analysis
🔗 Small Business Development Center Assistance
🔗 Contact Clovis Economic Development