Economic Impact

As New Mexico continues to lift out of the national recession, the 22 MainStreet districts across New Mexico are doing their part.  During Fiscal Year 2011, entrepreneurs on MainStreet launched 140 net new businesses and created 598 net new jobs.  While private reinvestment in building rehabilitation projects has not yet climbed back to pre-recession levels, MainStreet's owners nevertheless put $9.3 million back into 167 building rehabilitation projects.  And they are making dollars go farther -- With facade squads and other community work, local NMMS programs racked up 24,860 volunteer hours for FY 2011.

New Mexico MainStreet Reinvestment Statistics 
Fiscal Year 2011 (July 1, 2010 – June 30, 2011)  
Updated June 2011  
   
Net Number of New Businesses 140
Number of Business Expansions 18
Number of Building Rehabilitations 167
Dollars of Private Reinvestment $9,365,070
Number of Public Projects 71
Dollars of Public Investment $14,011,980
Number of Joint Public/Private Projects 26
Dollars Invested in Public/Private Projects $922,818
Number of New Buildings Constructed 2
Dollars Invested in New Building Construction 1,500,000
Net Number of New Jobs 598
Dollars of Public Sector Grants $1,247,091
Dollars of Private Sector Grants $271,017
Volunteer Hours 24,860

For a more detailed breakdown and analysis of financial information, you may download prior year's annual reports:

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