The BioScience Center is a 19,500 sq-ft building in Uptown Albuquerque that contains offices, eight wet (chemistry and microbiology) laboratories Continue reading
Author Archives: Taura Costidis
Los Alamos Commerce and Development Corporation
Seeking to promote business growth and sustainable job retention in Northern New Mexico, the Los Alamos Commerce and Development Corporation Continue reading
Software as a Service (SaaS)
A software distribution model, Software as a Service (SaaS) makes software and applications (“apps”) that are hosted by a vendor or service provider available to customers over a network (like the Internet). SaaS apps are subscription services such as Zoom but they also include technology relevant to specific industries. The benefits of SaaS include compatibility, global accessibility, and easier administration and collaboration.
Access to Capital Unites State’s Entrepreneurs
By Russ Cummins, executive director, New Mexico Small Business Investment Corporation
On the surface, Albuquerque’s Clínica la Esperanza, a medical clinic, has little in common with Desert Aire Copy & Fax Services, a convenience store and copy center that serves residents of the isolated border colonia of Chaparral. And it apparently has nothing in common with SSC Construction, a Native American-owned construction company based in San Felipe Pueblo that builds homes on tribal lands throughout New Mexico.
Yet all of these businesses got an early boost with loan funds that originated with the New Mexico Small Business Investment Corporation (NMSBIC) and were channeled through its network of lenders.
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By participating in a network of public- and private-sector business service providers that reach into every community in the state, we leverage our collective resources and knowledge to grow New Mexico’s economy.
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The Garrity Group Public Relations
The Garrity Group Public Relations is the firm that leading organizations turn to for critical opportunities and issues that impact their operations in New Mexico. Continue reading
Hire Power: Laws Set Path for Employment Relationship
Contributor Joy J. Forehand, MPA, deputy secretary of the New Mexico Department of Workforce Solutions
By Finance New Mexico with assistance from Joy J. Forehand, MPA, deputy secretary of the New Mexico Department of Workforce Solutions
A business owner might find the paperwork involved in hiring an employee to be intimidating, which is why many delegate those duties to a payroll service if they have enough workers to make the expenditure worthwhile.
According to Joy J. Forehand, deputy secretary of the New Mexico Department of Workforce Solutions, “entrepreneurs who do not outsource their payroll to an outside firm and choose to do it on their own need to know what state and federal laws apply to the employer-employee relationship.”
MEP to Showcase Products Made in New Mexico
The New Mexico Manufacturing Extension Partnership is taking the “buy local” concept to a broader level with its New Mexico Made program.
The initiative aims to promote the companies that create and fabricate goods in New Mexico, where manufacturing is a $5.9 billion industry representing 7.4 percent of the total gross state product, according to the National Association of Manufacturers.
It does so by certifying qualifying businesses on the New Mexico Made website directory, raising the profile of the state’s manufacturers and giving participating businesses access to promotions and networking opportunities.
Continue readingStarting a Business Means Getting All the Right Permissions
By Finance New Mexico
Everyone who starts a business in New Mexico expects to fill out lots of forms. Besides the application for a Combined Reporting System, or CRS, the business owner might need special permits to handle food or alcohol sales or to operate in specific industries.
But other permissions are required for a range of business activities that might not be as obvious. And it’s the duty of the business owner to know what they are. Continue reading
Revitalizing New Mexico’s Historic Centers of Commerce
Economic development in New Mexico is often a joint effort of individual communities and the state’s Economic Development Department (EDD), which oversees multiple programs designed to bolster the state’s infrastructure and support the entrepreneurial ambitions of New Mexicans.
Three high profile initiatives are the New Mexico MainStreet Program and two programs that fall under its umbrella: the Frontier Communities Initiative and the Arts and Cultural Districts Program.