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NM Healthy Food Financing Fund

NM Healthy Food Financing Fund

New Mexico EDD
LOCATION & INDUSTRIES
AMOUNT

Up to $150,000

OWNERSHIP REQUIREMENTS
DEADLINE

Rolling

ABOUT THE GRANT

The New Mexico Healthy Food Financing Fund (HFFF) provides grants of $50,000, $100,000, or $150,000 (with a smaller $20,000 grant plus technical assistance available to applicants not selected for a primary award) to food retailers, food processors, food hubs and distributors, cooperatives, farmers, ranchers, Tribal nations, and nonprofit organizations across New Mexico to strengthen the state's food and agricultural supply chain and expand food security for New Mexicans. Administered by the New Mexico Economic Development Department (EDD) through its Food, Hunger, and Agriculture Program, the fund awards competitive grants each fiscal year across five project categories: Food Retail (grocery stores, cooperatives, mobile grocery projects, farmers' markets), Processing and Value-Added Products (staple foods including meat, fruit, vegetables, dairy, and grain), Aggregation, Distribution, and Transportation (food hubs, cold and dry storage), New Mexico Grown Production (farmers, ranchers, cooperatives, nonprofit production, hydroponic and aquaponic operations), and Climate-Smart Pre-Production (regenerative soil inputs such as compost, biochar, or microbial inoculants, innovative water irrigation systems, and solar systems).

Eligible applicants include political subdivisions of the state, Indian nations, Tribes, and pueblos, for-profit business enterprises (including corporations, LLCs, sole proprietorships, public benefit corporations, and social enterprises), cooperatively owned businesses, tax-exempt nonprofit corporations, and small farmers and ranchers with gross cash farm income under $250,000 (production applicants must be NM Grown Approved Suppliers or in the process of obtaining that certification). Priority is given to projects that increase food access for historically under-resourced communities, address workforce development through job creation and retention in the food and agricultural supply chain, strengthen and diversify in-state market channel access for small and mid-scale food and agricultural operations, advance food safe storage, distribution, and transportation in regional food supply chain networks, or support the implementation of regenerative agricultural practices.

Eligible costs include predevelopment work (business plans, market analysis, site plans, architectural and engineering designs, feasibility studies), brick-and-mortar facility development (construction, renovations, property improvements), capital needs (equipment, supplies, furnishings, technology), and other costs such as marketing, websites, business process upgrades, and training or certifications, with research and development eligible only for climate-smart pre-production projects. Staffing and payroll costs, real estate transactions and land acquisitions, non-durable goods, charitable food projects such as food banks and food pantries, purely experiential or educational projects, restaurants primarily focused on selling prepared hot foods, and entities seeking to lend or regrant the award funds are not eligible.

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NOTES

We haven't added commentary on this grant yet. In the meantime, the fundor's website (linkeded above) is the best source for application details and eligibility specifics.

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