{"id":10083,"date":"2019-02-24T18:00:29","date_gmt":"2019-02-25T01:00:29","guid":{"rendered":"https:\/\/financenewmexico.org\/?p=10083"},"modified":"2019-03-11T10:06:52","modified_gmt":"2019-03-11T16:06:52","slug":"state-offers-grants-to-promote-tourism","status":"publish","type":"post","link":"https:\/\/financenewmexico.org\/sandbox\/articles\/general-business-advice\/state-offers-grants-to-promote-tourism\/","title":{"rendered":"State Offers Grants to Promote Tourism"},"content":{"rendered":"

\"\"<\/a>New Mexico attracts more visitors every year, but the state wants to further boost tourism and related revenue by expanding on successful programs like New Mexico True and the Cooperative Marketing Program (CoOp).<\/p>\n

New Mexico True is a brand that businesses, governments and nonprofit organizations can use by partnering with the New Mexico Tourism Department. That involves demonstrating how the organization expresses or evokes the state\u2019s distinctive landscapes, cultures, food, art or history.<\/p>\n

The CoOp program gives local nonprofits, municipalities and tribal governments a financial incentive to market what\u2019s uniquely New Mexican about their event or location and even participate in existing advertising campaigns. Through the CoOp program, state money is leveraged with money from other public entities to amplify media buying power for all involved parties. (Private businesses can contribute up to 50 percent of a public entity\u2019s total CoOp investment.)<\/p>\n

Parallel tracks<\/strong><\/p>\n

The Tourism Department awards CoOp funds every year, and the application cycle for fiscal year 2020 is scheduled to open this spring. Applicants must participate in a March 5 webinar that outlines the rules and provides tips for a successful application. (Note: The webinar has been changed to April 9. Register here.<\/a>)<\/strong><\/p>\n

The two funding tracks are the Media Menu Program, which lets participants piggyback on the department\u2019s existing marketing relationships, and flex grants, which cover complementary marketing efforts. An organization can apply for both at once, but all marketing must conform to the New Mexico True Brand, and ads must be approved before release.<\/p>\n

Successful applicants to the Media Menu Program may advertise on indoor and outdoor billboards, digital venues and publications \u2014 including some where the department already advertises \u2014 and split the cost 50-50 with the state.<\/p>\n

Members of the CoOp team collaborate with successful Media Menu applicants to create high-quality advertisements, videos and marketing collateral that is consistent with the New Mexico True brand. They negotiate with and pay vendors and place all orders.<\/p>\n

Flex grants cover advertising or other costs for independent though complementary marketing. For example, a grant might cover website development or exhibit fees and booth rental at a trade show not part of the Media Menu Program. Successful applicants pay all costs, provide proof of placement, report ad performance, and apply for reimbursement.<\/p>\n

Joint investment<\/strong><\/p>\n

In fiscal year 2018, CoOp partner governments, event organizers, MainStreet entities and industry associations contributed $379,945 to a total $760,000 Media Menu Program expenditure. Their ads ran in the department\u2019s annual adventure guide; in magazines like Texas Monthly, Outside Magazine, and New Mexico Magazine; in digital ads on platforms like TripAdvisor and Expedia; and on billboards in New Mexico and Texas.<\/p>\n

\"\"<\/a>

Click to view video.<\/p><\/div>\n

New Mexico Wine, the nonprofit winegrower\u2019s association, has participated in the CoOp program for several years. One year it spent flex grant money to purchase wine glasses embossed with the New Mexico True logo. \u201cWe have leveraged their matching funds to help propel our brands into the consumers\u2019 hands \u2026 with specialty glassware that has shelf life in consumers\u2019 homes,\u201d said Chris Goblet, the association\u2019s executive director. The association also leveraged funds to produce videos that showcase the country\u2019s oldest wine growing region in the country.\u00a0In the current cycle, New Mexico Wine\u2019s award will, in part, fund outdoor billboards promoting annual festivals on Memorial Day and Labor Day weekends.<\/p>\n

The Tourism Department is available for one-on-one consultations throughout the year. For more information and a list of past awards, visit their webpage<\/a>. Send questions to coop.marketing@state.nm.us.<\/p>\n

Finance New Mexico article 595.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Mexico attracts more visitors every year, but the state wants to further boost tourism and related revenue by expanding on successful programs like New Mexico True and the Cooperative Marketing Program (CoOp). New Mexico True is a brand that … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[53,280,19,395,396],"_links":{"self":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/10083"}],"collection":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/comments?post=10083"}],"version-history":[{"count":6,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/10083\/revisions"}],"predecessor-version":[{"id":10097,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/10083\/revisions\/10097"}],"wp:attachment":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/media?parent=10083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/categories?post=10083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/tags?post=10083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}