USDA business programs provide financial backing and technical assistance to stimulate business creation and growth. The programs work through partnerships with public and private community based organizations and financial institutions to provide financial assistance, business development, and technical assistance to rural businesses. These programs help to provide capital, equipment, space, job training, and entrepreneurial skills that can help to start and/or grow a business. Business Programs also support the creation and preservation of quality jobs in rural areas. Loans, loan guarantees, and grants are available to individuals, businesses, cooperatives, farmers and ranchers, public bodies, non-profit corporations, Native American Tribes, and private companies in rural communities. The financial resources of the Business Programs are often leveraged with those of other public and private credit source lenders to meet business and credit needs in under-served areas. The funding is intended to help improve the quality of life in rural communities by enhancing economic opportunities and ensuring self-sustainability for generations to come.

The mission of the New Mexico Economic Development Department is to enhance and leverage a competitive environment to create jobs, develop the tax base and provide incentives for business development. The Department's programs provide direct assistance to New Mexico businesses and communities. As part of the Federally funded Opportunity Zones project, the NM Economic Development Department is conducting community outreach so that local governments, investors, businesses, and property owners can take advantage and connect with Opportunity Zone resources.

The New Mexico Finance Authority ("NMFA") is best known for providing financing to a wide variety of public entities enabling them to provide the best possible services to their communities. However, in addition to financing various projects for public entities, NMFA offers financing options for private projects to further New Mexico's economic development. For example, a New Markets Tax Credit ("NMTC") financing will provide reliable and reasonably priced broadband internet access to residents and businesses in Cibola County.