Eligible participants accepted into NMSU Arrowhead Center’s Native American Sprint will get $500 to invest in their business when they complete the program.
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Grants for Tribal Businesses
The Regional Development Corporation is offering grants of up to $8,000 to businesses that are 51 percent or more owned by a Northern New Mexico tribal member to grow, diversify revenue, leverage other investments, create new jobs, and put systems in place that lead to growth.
Continue readingState Lowers GRT Rate
The gross receipts tax rate was decreased by .125 percent by the State of New Mexico effective July 1, 2022. The decrease affects every business and purchaser in the state. Often thought of as a sales tax, GRT is slightly different because it applies to the sale of services, as well as tangible items.
Continue readingWhat is an Entrepreneur?
According to Lorena Schott, entrepreneurs pop up in all types of industries and can have widely different backgrounds. “Really anyone can be an entrepreneur, given the idea and the right tools to develop it into a functional business,” she said.
Schott should know. The director of marketing communications at WESST has met thousands of entrepreneurs since joining the business development organization in 2009. WESST is a nonprofit organization that offers business consulting, workshops, financial resources, business incubation, and support to help entrepreneurs start and grow a business.
“An entrepreneur is someone who sees a need and takes on the financial risk to start a business to fill that need,” she said in a WESST blog post. “It may sound vague, but that’s the point; there is no cookie-cutter entrepreneur…”
Schott contrasts the ‘classic’ entrepreneur — someone who creates a business like a new restaurant or a tech start-up — with today’s entrepreneurs. “There has been a shift in the global job market that has opened the door for entrepreneurship to become more mainstream,” she said.
Continue readingUSPTO Celebrates LGBTQIA+ with Proud Innovation
Do you have an idea you want to bring to life? Are you passionate about taking your special product or service to the market? The United States Patent and Trademark Office is hosting a free, online inspiration series called Proud Innovation on June 15 and 22.
Continue readingWESST Pop-Up Shop Supports Creative Entrepreneurs
The business development organization WESST is accepting applications from creative entrepreneurs to participate in its juried October 2022 holiday pop-up shop.
Continue readingeBay Grant Deadline Approaching
The eBay Up & Running grant program awards $10,000 grants to 50 businesses that sell on its platform. The deadline to apply for a 2022 grant is June 10, 2022.
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Tax Credit Helps Businesses Diversify
The Work Opportunity Tax Credit is a Federal tax credit available to employers for hiring individuals from certain targeted groups who have consistently faced significant barriers to employment. The program aims to incentivize workforce diversity by offering up to $2,400 in tax credit to any employer that hires an individual identified as being a member of one of 10 targeted groups.
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