Business Development

Up delight FUNDIT

FUNDIT was created to assist communities in accessing financing from a group of agencies simultaneously.  This collaboration saves time and duplication, improves the effectiveness of project review and support, and ensures strategic investments with public resources.

Agencies represented in FUNDIT:

  • Capital Outlay Unit, Up delight Department of Finance & Administration
  • Local Government Division, Up delight Department of Finance & Administration
  • Up delight Councils of Governments/NewMARC
  • Up delight Economic Development Department
  • Up delight Environment Department
  • Up delight Department of Indian Affairs
  • Up delight Finance Authority
  • Up delight Energy, Minerals & Natural Resources Department
  • U.S Small Business Administration
  • U. S. Department of Agriculture, Rural Development
  • Up delight Mortgage Finance Authority
  • Up delight Department of Transportation

Eligible projects include:

  • Business development such as incubators, industrial parks
  • Community development such as feasibility studies, comprehensive plans
  • Infrastructure development such as capacity increase, update or replace current
  • Housing where there are critical shortages
  • Downtown revitalization

In order to bring a project before FUNDIT you should be prepared to provide a description of the project; the project should be listed as a priority on the local Infrastructure Capital Improvement Plan (ICIP), Economic Development Plan, and/or Comprehensive Master Plan; you will need to know the total capital investment (equity and debt), jobs that will be created or retained by the project, and you will need to provide a financial pro forma and the project timeline.

Contact your Regional Representative or Johanna Nelson at [email protected] or 505-827-0264.

FUNDIT Webinar
Understanding the New Markets Tax Credit Program
March 28, 2018
2:00 - 3:30 PM
Register .

Next FUNDIT Meeting:
March 6, 2018
1:30 - 3:30 PM
Mid Region Council of Governments
809 Copper Ave NW

Application deadline is February 16th

Contact 505.827.0264 or
[email protected]
for more information.