County Industrial Revenue Bonds (IRB)
Industrial Revenue Bonds (IRBs) provide financing of land, buildings, furniture, fixtures, and equipment. This can provide for a certain degree of tax exemption/abatement on purchases of the assets. San Juan County has approved in the past IRBs in the amounts of $15,000,000 to $70,000,000 for the energy industry to date. However, our IRB policy (consistent with State law) is not restricted to any one industry. The County can also abate property taxes on personal property (equipment, furnishings, machinery).
Local Economic Development Act (LEDA)
LEDA is a tool used to enter into a “public-private partnership” for economic benefits to the community. The purpose of the Act is to allow for municipalities and counties to enter Joint Powers Agreements to plan and support regional economic development projects. San Juan County has facilitated several Local Economic Development Act projects in cooperation with the New Mexico Economic Development Department. San Juan County along with the cities of Aztec and Farmington stands ready to assist any company looking to invest capital and create long-term jobs. We have a proven track record of delivering excellent outcomes and surpassing expectations for all of the companies that we work with.