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District 1

Local Business Gets LEDA Grant

02/28/2018

Bernalillo County – The County Commission approved to act as the fiscal agent for a state-issued Local Economic Development Act (LEDA) grant appropriating $550,000 to Vitality Works Inc.

Vitality Works requested the LEDA grant from the State of New Mexico Economic Development Department to expand its existing manufacturing operations. Bernalillo County will act as the fiscal agent on behalf of the state.

Under the LEDA agreement Vitality Works will have a new job creation commitment, will account for its public participation agreement to the state and will also provide a letter of credit from a financial institution securing the grant.

“Vitality Works gets to grow its business and a part of that growth is 60 new jobs for county residents over the next three years,” says County Commissioner Debbie O’Malley.

Vitality Works, a local herbal supplement manufacturer and supplier, recently gained approval for up to $7 million in industrial revenue bonds.

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