economic development assistance
Whether you are wanting to locate your company to Lamesa, expand your local business or develop your employees to further your enterprise, Lamesa Economic Development provides a number of resources to move your business forward. We understand what it takes to strive for long-term success within the community, and providing access that safeguards your success is a great priority to us.
The programs that we offer are focused on:
Small Business, Startup and Entrepreneurship assistance;
Existing local business expansion; and
Recruitment of identified targeted industries
Lamesa is one of 8,700 identified Opportunity Zones under the Tax Cuts and Jobs Act of 2017. This economic development tool used to spur investment reduces capital gains taxes for individuals and businesses in qualified Opportunity Zones. Contact us today to discuss how developing within this zone can be of great benefit to you. Opportunity Is Knocking!
small business programs
The SBA 504 Loan program is a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth, and job creation.
The 504 Loan Program provides approved small businesses with long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization. 504 loans are made available through Certified Development Companies (CDCs), SBA's community based partners for providing 504 Loans.
Contact us today to discuss how an SBA loan may be able to assist your business.
revolving loan fund
Revolving Loan Funds (RLF) are established through a variety of USDA loan and grant programs and are a great way to assist with small business development in Lamesa. Funds are made available to the Lamesa Economic Development Corporation (LEDC), who make loans to small businesses and as the loans are paid back, the money is then re-loaned to other businesses.
Contact us today to discuss how the RLF program may be able to assist your business.
Rural Business Development Grant is a competitive grant designed to support targeted technical assistance, training and other activities leading to the development or expansion of small and emerging private businesses in rural areas that have fewer than 50 employees and less than $1 million in gross revenues. Programmatic activities are separated into enterprise or opportunity type grant activities.
For more information on this program, click here.
rural business development grant
Tax abatement & credits
Tax Abatements with the City of Lamesa are a specialized financing tool for targeted industries to reduce tax liabilities in order to draw private investment and assist with economic development within the city. The use of this incentive is for projects offering significant positive impact to the community where the project is located as determined by the Lamesa city council.
new market tax credits
New Market Tax Credits is a tool for community development and economic growth utilizing tax credits that attract private investment to distressed communities
Contact us today regarding areas within Lamesa that are New Market Tax Credit eligible.
lamesa economic alliance project assistance - loan/grant
The LEAP Assistance Program is a financial incentive to create additional jobs and enhance community betterment. This incentive may only be used as a gap financing tool of last resort. The use of this incentive is for projects facing extraordinary impediments to development and offering significant positive impact to the community where the project is located. Limitations on how this incentive is used are predicated on the source of the funds and terms and conditions of the award and the project.
facade improvement program
The Façade Improvement Program is designed to encourage small, private businesses to reinvest in the community by making exterior improvements and appearance enhancements to their commercial building(s).
It is Lamesa Economic Development’s position that attractive building facades support and encourage local business by having a significant effect on the overall desirability and marketability of the surrounding area. Beautification efforts attract customers/visitors and demonstrate the economic vitality of the community. This program is not intended for repairs or maintenance activities.
workforce and training
workforce and training
Lamesa has partnerships with an array of providers for workforce and employee training. We strongly believe that a viable workforce is the fuel for any business, and in addition to Lamesa ISD's career training and dual credit course offerings for high school students and Howard College-Lamesa, other cohorts for skills training are available to provide the highest degree of education necessary for today's workforce.
Click here to find resources available for skills, training and workforce management.
Please Contact Us for specific workforce analysis and data according to your industry.