Corrales MainStreet is among 13 New Mexico MainStreet districts to receive revitalization project money as part of NMMS’s Public Infrastructure Capital Outlay Program, according to a press release from the state’s Economic Development Department.
Corrales MainStreet was awarded $40,000 for its cultural Economic development plan, per the release.
“Corrales MainStreet is thrilled to receive these funds which will allow us to move forward in the authorization process for our Arts & Cultural district,” Corrales MainStreet Executive Director Angela Gutierrez said in the release.
Capital Outlay projects increase pedestrian traffic and business expansions by 60 percent and reducing building vacancies by 70 percent, according to the release. Rural districts can leverage these state funds to invest in economic redevelopment while still providing essential services to the community, per the release.