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This document outlines the Stronger Economies Together (SET) Program sponsored by USDA Rural Development, aimed at assisting rural counties in developing and implementing regional economic development
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How to fill out Stronger Economies Together: New Mexico

01
Visit the Stronger Economies Together website to access the program guidelines.
02
Gather a team of local leaders, including community members, local government officials, and business owners.
03
Conduct a community assessment to identify strengths, weaknesses, opportunities, and threats (SWOT analysis) within your area.
04
Engage with stakeholders to discuss potential economic development goals and objectives based on the community assessment.
05
Develop a comprehensive strategy that outlines actionable steps and measurable targets for economic growth.
06
Complete the application form, ensuring all required information is thoroughly filled out.
07
Submit your application along with any supporting documents as specified in the guidelines.

Who needs Stronger Economies Together: New Mexico?

01
Local governments looking to boost economic development in their areas.
02
Community organizations aiming to address economic challenges and create opportunities.
03
Business owners seeking collaboration and support for growth initiatives.
04
Residents of New Mexico interested in enhancing their local economy and quality of life.
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The benefits of economic growth include Improved public services. Money can be spent on protecting the environment. Investment. Increased research and development. Economic development. More choice. Decline in absolute poverty.
These Are the 10 Largest Economies in the World 2022, by CountryGDP, Current Prices in USD2023, by Country China $17.9 trillion China Japan $4.2 trillion Germany Germany $4.1 trillion Japan India $3.4 trillion India6 more rows • Feb 22, 2024
Which Economic System is Best and Why? Yates said that most economists favor a market-based economy where the price system determines the outcomes of all market transactions. “In a market-based system, every player enters voluntarily in the transactions if they agree on the price,” she said.
Globalization describes the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
The confluence of indigenous, Hispanic (Spanish and Mexican), and American influences is also evident in New Mexico's unique cuisine, Spanish dialect, folk music, and Pueblo Revival and Territorial styles of architecture.
Stronger Economies Together (SET) is a joint partnership of USDA Rural Development, NIFA, the four Regional Rural Development Centers (RRDCs) and the cooperative extension services operated by the nation's land-grant universities.

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Stronger Economies Together: New Mexico is a collaborative initiative designed to enhance the economic development of regions across New Mexico by fostering partnerships between local governments, businesses, and communities.
Organizations and entities involved in regional economic development planning and initiatives, including local governments, economic development organizations, and community stakeholders, are required to file Stronger Economies Together: New Mexico.
To fill out Stronger Economies Together: New Mexico, participants must gather relevant data about their region, define goals and strategies for economic growth, and complete the designated forms provided by the program guidelines.
The purpose of Stronger Economies Together: New Mexico is to promote regional economic collaboration and strategic planning to create sustainable economic growth and improve the quality of life in New Mexico communities.
Participants must report information related to regional demographics, economic conditions, workforce data, community assets, strategic goals, and planned initiatives for economic development.
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