Economic Development

County Commission Approves LEDA Grant for Food Company

12/09/2020

Bernalillo County is the fiscal agent for a state-issued Local Economic Development Act (LEDA) grant for New Mexico Fresh Foods in the amount of $750,000. Additionally, the county is applying for a Community Development Block Grant (CMBG) in the amount of $500,000 to assist New Mexico Fresh Foods with the purchase of equipment.

Monies from both grants will be used for the development of the new manufacturing facility including infrastructure improvements and equipment. Also, Bernalillo County approved a $9-million industrial revenue bond for the project.

In return, New Mexico Fresh Foods will create 138 new full-time jobs, 74 of which are directly tied to the LEDA grant.

“This is just another prime example of the county believing in the businesses that choose to locate here,” says Commission Chair Lonnie Talbert. “It’s a win/win because without the grants these businesses can’t get up and running and without the businesses, the county can’t grow.”

New Mexico Fresh Foods is a newly formed company that is using a revolutionary high pressure processing technology to keep just-made foods fresher longer without the use of preservatives and allow other local food manufacturers to distribute their products further.

The LEDA grant initiative for New Mexico Fresh Foods was approved on a 5 to 0 vote.

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