Local Incentives

Local Incentives

Local Incentives

City/county owned properties
City/County Industrial Parks
Property tax abatement
Infrastructure improvement
Customized incentives
Local Incentives  – Industrial Revenue Bonds

In addition

Both the City of Las Vegas and San Miguel County can provide various levels of support through the New Mexico Local Economic Development Act (LEDA) program for a qualifying entity. This assistance includes:

  • The purchase, lease, grant, construction, reconstruction, improvement or other acquisition or conveyance of land, buildings or other infrastructure
  •  Public works improvements essential to the location or expansion of a qualifying entity
  •  Payments for professional services contracts necessary for local or regional governments to implement a plan or project
  •  The provision of direct loans or grants for land, buildings or infrastructure
  •  Technical assistance to cultural facilities
  •  Loan guarantees securing the cost of land, buildings or infrastructure in an amount not to exceed the revenue that may be derived from the municipal infrastructure gross receipts tax or the county infrastructure gross receipts tax
  •  Grants for public works infrastructure improvements essential to the location or expansion of a qualifying entity
  •  Grants or subsidies to cultural facilities; purchase of land for a publicly held industrial park or a publicly owned cultural facility
  •  The construction of a building for use by a qualifying entity