Economic Recovery Plan

Help us plan for New Mexico's Economic recovery from COVID-19 today!

On March 27th, President Trump passed the Coronavirus Aid, Relief, and Economic Security Act (The CARES Act), also known as the Third COVID-19 Supplemental Relief bill into law. Within this Act, the US Economic Development Administration (EDA) has been appropriated $1.5B to assist with America’s recovery.

On April 1st, EDA Regional Director Jorge Ayala held a conference call with each of the seven (7) Council of Governments / Economic Development Districts in New Mexico to discuss his understanding of the rules and direction on how the EDA-Austin in strategizing deployment of resources.

He believes that the EDA Austin will receive somewhere in the neighborhood of $200M to spend from the EDA CARES Act, which is a historic amount for the Administration and the EDA Austin region, including previous disaster funding. This funding would be Economic Adjustment Assistance funds; EDA’s most flexible source in terms of use, e.g. planning, technical assistance, construction, public works, etc. The funding must be obligated by September 2022 and recipients will have until September 2027 to expend funds.

EDA is leaning heavily on the Districts to assist in providing direction on investments, projects, programs, and resources needed to best support our regions and New Mexico in rebuilding the economy for the future.

He stressed that this is not an opportunity to repackage old proposals that were not funded in the past, but the chance for the Districts to advocate for investments to change New Mexico’s economy forever to be more resilient, cross gaps made evident by COVID-19, and setup businesses for success in the new global marketplace. There are alot of other programs that will deal with current businesses in crisis - this is all about a Recovery Plan. What comes next in this new reality?

So, we are reaching out to the experts on the ground and in the field - please let us know where the best places are to build the levers that will uplift our economy and our communities. If you had $20M to invest what would you do that would have the greatest impact.

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* 1. Prioritize these sectors for investment?

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* 2. What investment sectors are missing that you think are critical to develop strategies and projects around, especially for our region?

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* 3. If you were in charge of New Mexico's Recovery, what is the one investment you would make and why?

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* 4. Are there any State agencies/programs would be strategic to partner with that will get results? To match, expand, or incentivize, any suggestions?

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* 5. The following are roles that our District could play and examples of services? What services to you want NWNMCOG to provide for your community? Please rate these from least critical to most critical.

	Least Critical	Slightly Critical	Critical	Fairly Critical	Most Critical (Start Tomorrow)
Assistance with Economic Development Administration applications and projects	Assistance with Economic Development Administration applications and projects Least Critical	Assistance with Economic Development Administration applications and projects Slightly Critical	Assistance with Economic Development Administration applications and projects Critical	Assistance with Economic Development Administration applications and projects Fairly Critical	Assistance with Economic Development Administration applications and projects Most Critical (Start Tomorrow)
Role-out of the new the State's CDBG Small Business Assistance Program	Role-out of the new the State's CDBG Small Business Assistance Program Least Critical	Role-out of the new the State's CDBG Small Business Assistance Program Slightly Critical	Role-out of the new the State's CDBG Small Business Assistance Program Critical	Role-out of the new the State's CDBG Small Business Assistance Program Fairly Critical	Role-out of the new the State's CDBG Small Business Assistance Program Most Critical (Start Tomorrow)
Assistance with infrastructure planning, financing, and development	Assistance with infrastructure planning, financing, and development Least Critical	Assistance with infrastructure planning, financing, and development Slightly Critical	Assistance with infrastructure planning, financing, and development Critical	Assistance with infrastructure planning, financing, and development Fairly Critical	Assistance with infrastructure planning, financing, and development Most Critical (Start Tomorrow)
Providing VISTA volunteers	Providing VISTA volunteers Least Critical	Providing VISTA volunteers Slightly Critical	Providing VISTA volunteers Critical	Providing VISTA volunteers Fairly Critical	Providing VISTA volunteers Most Critical (Start Tomorrow)
Re-energizing a Revolving Loan Fund Program	Re-energizing a Revolving Loan Fund Program Least Critical	Re-energizing a Revolving Loan Fund Program Slightly Critical	Re-energizing a Revolving Loan Fund Program Critical	Re-energizing a Revolving Loan Fund Program Fairly Critical	Re-energizing a Revolving Loan Fund Program Most Critical (Start Tomorrow)
Facilitation of a Regional Recovery Consortium	Facilitation of a Regional Recovery Consortium Least Critical	Facilitation of a Regional Recovery Consortium Slightly Critical	Facilitation of a Regional Recovery Consortium Critical	Facilitation of a Regional Recovery Consortium Fairly Critical	Facilitation of a Regional Recovery Consortium Most Critical (Start Tomorrow)
Developing a Recovery Plan and Investment Strategy	Developing a Recovery Plan and Investment Strategy Least Critical	Developing a Recovery Plan and Investment Strategy Slightly Critical	Developing a Recovery Plan and Investment Strategy Critical	Developing a Recovery Plan and Investment Strategy Fairly Critical	Developing a Recovery Plan and Investment Strategy Most Critical (Start Tomorrow)
Finding, Funneling, and Financing Support including Grantsmanship	Finding, Funneling, and Financing Support including Grantsmanship Least Critical	Finding, Funneling, and Financing Support including Grantsmanship Slightly Critical	Finding, Funneling, and Financing Support including Grantsmanship Critical	Finding, Funneling, and Financing Support including Grantsmanship Fairly Critical	Finding, Funneling, and Financing Support including Grantsmanship Most Critical (Start Tomorrow)
Using Wealthworks to Re-envision their Economies	Using Wealthworks to Re-envision their Economies Least Critical	Using Wealthworks to Re-envision their Economies Slightly Critical	Using Wealthworks to Re-envision their Economies Critical	Using Wealthworks to Re-envision their Economies Fairly Critical	Using Wealthworks to Re-envision their Economies Most Critical (Start Tomorrow)

Other (please specify)

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* 6. Do you have a specific project, program, or investment needed in your community that you want investment for? How much would it take to get the full results?

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* 7. Would you or your organization being willing to partner in a Regional Economic Recovery Consortium? We are thinking a half-a-day a month commitment.

Yes, sign me up today

Maybe