DisrupTECH 2021 to Introduce New Technologies

DisrupTECH is a celebration of the disruptive technology created by the scientists at Los Alamos National Laboratory. At this signature innovation event — now in its seventh year — thirteen carefully selected entrepreneurial-minded scientists will present their ideas with the goal of introducing the latest groundbreaking technology from Los Alamos and their inventors to entrepreneurs, investors, regional leaders, policymakers, and industrial partners. Be the first to see and experience the work of these featured scientists, and have the first shot at engaging in tech transfer opportunities.

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CAP Program Fills Collateral Shortfall

The Collateral Assistance Program (CAP) helps creditworthy small businesses obtain a loan for which they might not otherwise qualify. To help banks and other financial institutions make loans to small businesses in underserved markets, the New Mexico Economic Development Department can pledge cash to cover a collateral shortfall of a loan to enable commercial financing. Business owners apply through a participating bank or financial institution that can initiate the loan. 

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Specialized Assistance for Native American Entrepreneurs

Native American business owners are encouraged to utilize the wide range of resources available to all New Mexico entrepreneurs, however, a number of opportunities focus exclusively on the growth of Native-owned businesses.

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Conference Aims to Inspire Female Entrepreneurs

Tactical training, strategic networking and inspirational speeches from three entrepreneurial trailblazers highlight a two-day WE Mean Business virtual conference July 7 and July 8.

“WE” stands for women entrepreneurs—the target audience for this event, which will link aspiring business owners to training, financing and mentoring opportunities.

Conference organizers are the New Mexico State University (NMSU) Arrowhead Center and WESST, a nonprofit Community Development Financial Institution (CDFI) that supports minority business owners and entrepreneurs and hosts U.S. Small Business Administration Women’s Business Centers (WBCs) at its six New Mexico locations. Other sponsoring partners include LiftFund, a CDFI whose diverse clientele is dominated by minority and female business owners; the Minority Business Development Agency Business Center; and Peacock Law PC, which specializes in intellectual property and tech commercialization.

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Tax Changes Start July 1

The New Mexico Taxation and Revenue Department (TRD) and the New Mexico Economic Development Department (EDD) will hold a webinar on Wednesday, June 23, to assist businesses with transitioning to the new source-based gross receipts tax system and revised reporting website brought about by statutory changes that take effect on July 1, 2021. On that date, businesses will begin charging state, local, and special-district taxes based on the rates in effect where their goods or services are delivered.

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Second Round of LEDA Grants Opens

The New Mexico Finance Authority, which manages the state’s LEDA pandemic grant program, is accepting applications under a second round of funding. The first-round application period was widely publicized to end on June 15, 2021. A second-round application period opened as soon as the first round closed. The deadline for application acceptance in the second round is slated for June 30 at 12:00 noon, and additional rounds may be added if funding is available.

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