EDD News
SANTA FE — The New Mexico Financial Progress Office (EDD) has fiscal calendar year 2023 funding for a new grant-centered pilot software, the Balanced Meals Funding Fund (HFFF).
In FY 2023, HFFF will award $400,000 in competitive grants, amongst $20,000 and $100,000 every single, to a vary of food stuff enterprises across the condition of New Mexico.
The HFFF opened for purposes these days, April 11. EDD will host an informational webinar 11 a.m. Friday, April 14. The deadline for programs is Tuesday, April 25.
HFFF is an integral portion of Gov. Michelle Lujan Grisham’s Foodstuff Initiative designed to improve the regional foods offer chain potential and enhance market possibilities for New Mexico farmers and agricultural producers, companies, and foods enterprises.
This method and fund will specifically help the capability of little- and mid-scale food stuff and agricultural enterprises in our state’s foods offer chain to expand, increase, course of action, mixture, transport, and distribute nearby, culturally most popular meals to meet present and expanding demand.
HFFF supports the intersection of economic enhancement in New Mexico’s food stuff/agricultural industry with improved foods stability for New Mexicans and prioritizes initiatives demonstrating a concentrate on underserved communities.
The fund will:
- Stimulate investments for foodstuff and agricultural operations owned by and/or serving people who are from traditionally marginalized communities which includes communities of coloration, Tribal communities, under-served parts with reduced- and average-income populations, rural communities, city food stuff deserts, and enterprises owned by Veterans, women of all ages, and socially deprived men and women and
- Address funding hurdles and functioning limitations for foods aggregation/ distribution functions, grocery shops and other healthier foods retail in reduced money communities.
The application portal is open up till the finish of the day on April 25, with dedication introduced the week of May 5.
For a lot more facts on HFFF method eligibility and to register for the webinar, pay a visit to the EDD web site at https://edd.newmexico.gov/hfff.
About EDD:
EDD’s mission is to increase the lives of New Mexico households by escalating economic prospects and giving a put for enterprises to prosper. EDD’s applications add specifically to this mission by education our workforce, supplying infrastructure that supports business enterprise development, and helping every community create a thriving overall economy.
