The New Mexico Economic Development Department (EDD) has announced that 21 projects in 19 communities across the state will receive FY24 Healthy Food Financing Awards. These awards, which are part of the Governor’s Food Initiative, are designed to increase food security across New Mexico by supporting economic development in local food and agricultural sectors. The grants prioritize increasing food retail in rural and underserved communities and providing alternate market channels and enhanced processing capabilities for value-added and sustainable agriculture.

The various Small and mid-scale enterprises receiving the fund will engage in projects relating to sustainable food production, processing, aggregation/storage/distribution, and food retail in underserved communities. Acting EDD Cabinet Secretary Mark Roper expressed excitement about local New Mexico Agriculture products becoming part of the supply chain thanks to these grants. The Healthy Food Financing grants were awarded through a competitive process and encompass a range of investments needed to sustain a healthy, local, fresh food supply chain, he shared.

The different projects funded fall into four categories: food retail, processing, aggregation/distribution, and food production. Projects range from constructing permanent farm stands and processing/storage facilities to enhancing cold storage facilities and operational efficiency. Other initiatives involve launching community-owned grocery stores and cooperatives that offer a diverse range of products.

Several plans focus on expanding agricultural aggregation, providing support for food and agricultural entrepreneurs, and modernizing outdated infrastructure for food production. Emphasis is also on sustainable agricultural practices through measures such as regenerative soil management and adopting environmentally friendly practices. The Low-income entrepreneurs can also look forward to the establishment of commercial kitchens and resources to start businesses of their own.

As an organization, EDD excels in supporting projects that stimulate economic growth while contributing to social good. To get further information or make inquiries about EDD’s activities and ongoing projects, you can reach out to them through their customer service. The edd customer service team is always available to handle all your questions, provide clarification, and guide you through any processes or procedures as required.