TEAM Fund Now Open

The Regional Development Corporation, a nonprofit economic development organization, is accepting applications for its Technology and Manufacturing (TEAM) Fund until March 15, 2022. Manufacturing businesses headquartered in the counties of Sandoval, Santa Fe, Los Alamos, San Miguel, Mora, Rio Arriba, and Taos that meet other criteria are eligible if they attend the mandatory information webinar on March 1.

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Nonprofit Offers More Than Small Business Loans

Almost a decade after building their facility with help from The Loan Fund, Pet Planet continues to provide top-quality service to Las Cruces pet owners.

By the time a client gets a loan from The Loan Fund, she’s in a committed partnership with the nonprofit lender. That’s because The Loan Fund offers business development consulting to all potential clients — not just those who receive loans.

The Loan Fund loan officers provide “pre-loan consulting” the moment they receive an inbound call or greet an office visitor.  And consulting continues after the client walks out the door — either to get more prepared or to start putting the loan money to work building a business, creating jobs and improving communities. The Loan Fund is fully invested with the people whose business startup and expansion plans it helps finance —even with those who aren’t ready for a loan.

To fulfill its mission “to provide loans and assistance to improve the economic and social conditions of New Mexicans,” The Loan Fund offers the kind of advice and support that help businesses grow and reach sustainability.

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Grants for Black & Underserved Entrepreneurs

Several national organizations and retailers are celebrating Black History Month by offering new grants or highlighting existing grants available to Black entrepreneurs. Eligibility in most of these programs is also open to Indigenous and Female entrepreneurs. Most of the grants award credit for services rather than cash, and applicants compete against similar businesses nationwide.

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An Entrepreneurial Playground

Entrepreneurs are fond of saying that starting their business was the most fun they’ve ever had and the hardest thing they’ve ever done. Several events in the coming weeks aim to offer some fun as they provide the resources, support, and entrepreneurial networks that offer startup business owners a solid foundation.

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Get Marketing Help from NM True

Businesses in the tourism sector can get financial assistance for advertising by participating in the New Mexico Tourism Department’s Cooperative Advertising program. Applications to participate in the fiscal year 2023 will be accepted March 1 through April 8, 2022, but applicants are required to complete the Partner Priorities & Situation Assessment Survey by February 7 to be eligible for funding.

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Apply Now for Leveraged Project Assistance

Applications are now being accepted by the New Mexico Small Business Assistance (NMSBA) Program, which provides New Mexico small businesses facing technical challenges access to the unique expertise and capabilities of Los Alamos and Sandia national laboratories. At no cost to the business, small businesses can seek assistance from lab scientists and engineers to solve challenges and overcome barriers to company success. 

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