Incentives

If you think the Farmington MSA or San Juan County, New Mexico is the perfect place to open or expand your business there are multiple financial incentives available to help you accomplish this.

Local Economic Development Act (LEDA)
Since 2002, a record 83 New Mexico communities have now passed a Local Economic Development Act (LEDA). Through passing LEDA, a community adopts an ordinance creating an economic development organization and a strategic plan. This empowers communities to embark on economic development projects tailored to their needs. The cities of Aztec, Bloomfield, and Farmington have passed LEDA resolutions as well and the unincorporated area of San Juan County.

How can LEDA help your developing business? LEDA funds can be used to help install utility infrastructure for economic based businesses adding jobs.

State Tax Incentives

Job Training Incentive Program (JTIP)