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A bureau within the U.S. Department of Commerce

Annual Report

New Mexico

Program # of Grants EDA Funds
Economic Adjustment Assistance 1 $270,000
Public Works 2 $2,009,166
Planning 1 $120,000
2 $177,500
Total 6 $2,576,666

In June 2014, persistently low molybdenum prices and high operating costs forced California-based Chevron Mining to close its molybdenum mine near the village of Questa, New Mexico. Opened in 1916, the mine was central to Questa’s economy for nearly a century and was the largest private employer in Taos County. 

In response to the closure and the displacement of more than 300 workers, EDA moved quickly.  EDA awarded a $75,000 grant for local technical assistance to the North Central New Mexico Economic Development District in August 2014, less than three months after the Chevron Mining’s announcement.

This project is playing a critical role in the region’s economic recovery by identifying options and opportunities for new businesses and alternative employment. Focusing on long-term recovery, the project seeks to rejuvenate the workforce in Questa, developing workforce training programs tailored to the interests and abilities of the impacted employees.