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.
We are not aware yet of any coworking communities in Roswell, but if you know of one, please let us know by filling out the intake form to the right.
Though we are not aware yet of any coworking communities in Las Cruces, there are incubator-style work-ready spaces and many other resources especially useful to startups in technology-based businesses at the Arrowhead Technology Center. Continue reading
We are not aware yet of any coworking communities in Clovis. Shared office services, flexible office leases and networking opportunities are some of the resources Continue reading
We are not aware yet of any coworking communities in Farmington, however, office and warehouse space, and many other business resources can be found Continue reading
The NM Veterans Business Outreach Center (VBOC) provides entrepreneurial development services to veterans from all branches Continue reading
Coworking redefines the traditional office space into a more collaborative, knowledge-sharing environment with varying terms and amenities and lower costs. Los Alamos Continue reading
Enchantment Land Certified Development Company (ELCDC) is a private nonprofit that partners with local banks and the Small Business Administration (SBA) Continue reading
A nonprofit organization certified by the SBA to provide financing through the SBA 504 Loan Program. CDCs work with banks and other lenders to ensure loan documentation complies with 504 Loan regulations.
By Finance New Mexico
Accounts receivable represents money a business will get when — and if — the client pays his bill. It’s not money in the bank, but it’s money the business expects to collect within 30 to 60 days.
While waiting, many businesses that are owed large amounts of money — either because of generous or traditionally slow payment policies or foot-dragging clients — can struggle with cash flow shortfalls and be unable to pay their employees and vendors on time. Continue reading