More on Community Readiness

Nex Mexico is the latest state to pitch in and help its local communities build capacity for economic development. The New Mexico Economic Development Department has named its first list of "certified communities" under an initiative to boost economic development competitiveness in the state.

The Certified Communities Initiative was launched in July by the New Mexico Economic Development Department. The first certified list includes Belen, Cibola County, Carlsbad, Deming, Gallup, Grant County, Hobbs, Las Vegas, Raton, Rio Rancho, San Juan County, Sierra County and Tucumcari.

How do communities seek certification? Communities, which include incorporated and unincorporated municipalities, counties and federally-recognized Indian tribes, must submit an application that meets six requirements, including the development of a two-year community business plan and a retention/expansion program. They must also meet at least two elective requirements including the establishment of a business incubator and the designation of an industrial park.

What's the incentive for communities to become certified? certified communities will receive up to $5,000 per year for two years for projects such as training expenses, workforce study and hiring a grant writer. They also earn points toward the cooperative advertising program's rating process.

How long does the certification last? The certification expires after two years, but the communities can reapply one year after their certification.

Want to learn more? Go here, or contact the New Mexico Dept. of Economic Development here.