Tens of thousands of events take place worldwide during Global Entrepreneurship Week November 8 through 14. In New Mexico, GEW takes place until Nov. 19, with workshops, presentations, and other events that aim to support idea generation and new business activity.
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Confused About Gross Receipts Tax Changes?
Effective July 1, 2021, New Mexico changed Gross Receipts Tax (GRT) regulations to “destination sourcing,” which requires most businesses to calculate and report GRT based on where their goods or the product of their services are delivered. Prior to July 1, New Mexico used “origin-based sourcing” in which most GRT was reported at the seller’s place of business.
To help businesses navigate the new rules, the Economic Development Department is hosting a webinar by the New Mexico Taxation and Revenue Department to provide insight and answer questions about how businesses can comply.
Continue readingConference Aims to Help Manufacturers Adapt, Plan Future
New Mexico Manufacturing Extension Partnership (New Mexico MEP) is hosting a virtual conference October 26 through 29 to arm manufacturers with information to help them move beyond today’s supply chain, workforce, and other issues that pose challenges to production.
Continue readingAre You an Innovator?
Several upcoming programs are designed to help innovators and entrepreneurs get new products to market.
Continue readingDreamSpring Commits to Expanded Lending
The nonprofit lender DreamSpring has embarked on a 5-year plan to escalate its annual impact ten-fold over the organization’s 2019 lending levels by increasing its focus on entrepreneurs of color, low- and moderate-income entrepreneurs, people with disabilities, and other groups that are often underserved or marginalized.
Continue readingGrant Refresh for Sandoval County Businesses
The Sandoval County Board of Commissioners has added money to its CARES Grant pandemic relief program — now referred to as ARPA (American Rescue Plan Act) — that was offered to local businesses last year. Pandemic-impacted businesses located in Sandoval County, including the City of Rio Rancho, towns of Bernalillo and Cuba, and Village of Corrales, may apply for a grant of up to $20,000.
Continue readingGrants Offered for Global Expansion
The U.S. Small Business Administration State Trade Expansion Program (STEP) helps small businesses expand by increasing their revenue through global trade. Business owners interested in exporting their products can apply to the New Mexico Economic Development Department Office of International Trade (OIT) for assistance with strategies designed to increase small business exports. The OIT also makes available grant funds from SBA STEP for expenses such as tradeshow booth fees, trade missions, and other export-related activities.
Continue readingFood Trucks: New Path to Entrepreneurship
Kayla Vallejos has been cooking since she was 13 so it was only a matter of time before she would own a food operation.
Vallejos, the proud owner of Albuquerque-based Taste of Love food truck that launched in the spring of 2021, got her start working at Burger King and then moved on to waitressing and bartending. Along the way, her dream was to work in a kitchen, but she lacked the formal experience necessary to be hired by a restaurant. That was until the owners of a restaurant in her home state of New Jersey allowed her to cook for their patrons.
“A lot of places wouldn’t hire me because I was a woman and I didn’t have a formal background in cooking,” Vallejos said. The restaurant is “where I learned mostly everything, especially making homemade stuff.”
Continue readingBuilding a Scalable Venture in New Mexico?
ActivateNM powered by CNM Ingenuity offers “office hours” for New Mexico startups and small businesses. Office Hours are a facilitated regular gathering of the growing ActivateNM community of entrepreneurs and mentors who get together to talk about pressing business questions their ventures are facing. The next monthly meeting will take place online on August 20.
Continue readingInvention-Con Delivers Patent Information
The U.S. Patent and Trademark Office (USPTO) is sponsoring a free online convention to help entrepreneurs capitalize on their intellectual property. Invention-Con takes place online from August 18 through 20.
Participants will hear from business and government experts about turning ideas into innovations, protecting work, and accessing valuable resources. Keynote speakers Serene Almomen, CEO of Senseware, and recording artist Ansel Brown will share their insights on science, technological innovation, music, and business.
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