November 30, 2024, is New Mexico’s Small Business Saturday Tax Holiday, when the state allows non-franchise, small businesses to deduct their sales of qualifying items from their gross receipts. The annual tax holiday, which coincides with Small Business Saturday nationwide, begins at 12:01 a.m. and ends at midnight the same day, giving shoppers an extra incentive to shop locally this holiday season.
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Ownership Report Due by January 1, 2025
Businesses operating in the United States have one more requirement to satisfy. The US Corporate Transparency Act was passed by Congress to increase corporate and business transparency of company ownership and thwart criminal activity that sometimes hides behind business walls. By requiring companies — even small ones — to disclose their beneficial owners to the Financial Crimes Enforcement Network (FinCEN), the Act aims to prevent criminal activity such as money laundering, fraud, and financing of terrorism. Businesses that started before January 1, 2024, have until January 1, 2025, to file the report.
Continue readingGet Your Business Recognized By The SBA
The US Small Business Administration (SBA) is accepting nominations for National Small Business Week Awards. The SBA recognizes the hard work, ingenuity, dedication, and economic contributions of small businesses during its annual National Small Business Week Celebration. The 2025 event takes place May 4 through 10, 2025, when at least 10 awards will be bestowed on New Mexico small businesses. The deadline to nominate your or someone else’s business is December 5, 2024.
Continue readingTwo Events for Women Entrepreneurs
The business development organization WESST is collaborating with New Mexico Manufacturing Extension Partnership (New Mexico MEP) to offer two events specifically geared for female business owners and women entrepreneurs. Visit WESST on October 25 to hear from three extraordinary women about how they built their businesses, and join the Women in Manufacturing Panel Discussion online on October 30 to learn about resources for women entrepreneurs. Both events are part of Manufacturing Day activities in New Mexico.
Continue readingReady to Work with Sandia National Labs?
Sandia National Laboratories and New Mexico Manufacturing Extension Partnership (MEP) are building an advanced manufacturing center and expanding New Mexico’s manufacturing ecosystem. Join both organizations at a luncheon on Thursday, October 24 to explore ways to partner with the labs.
Continue readingCalling All Artists
If you are an artist ready to embark on a journey of self-discovery and artistic growth, consider attending the Curiosity, Wonder, & Resilience webinar series offered by the business development organization WESST.
Continue readingMfg Day Supports Manufacturing Companies
October 4 is National Manufacturing Day 2024, and this year’s theme underscores the mission of this annual celebration. “See Yourself in Manufacturing” encourages students to envision well-paying careers that now include technology, design, AI, and boundless creativity. Mfg Day is celebrated the entire month of October in New Mexico, and while events are largely geared toward students, there is plenty for manufacturers and businesses with employees.
Continue readingGet Help from New Mexico’s National Labs
The New Mexico Small Business Assistance (NMSBA) Program provides New Mexico small businesses facing technical challenges access to the unique expertise and capabilities of Los Alamos and Sandia national laboratories and their partners. 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. Think your technical challenges are too small for our labs? Think again!
Continue readingSmall Business Training Series
The nonprofit lender and small-business training organization WESST is collaborating with the Sandoval Economic Alliance and the New Mexico Small Business Development Center Network (SBDC) to offer a six-part training series designed to empower business owners and entrepreneurs in key areas of their business development.
Continue readingLooking for Venture Capital? This Sprint is For You
Scale Up New Mexico, in collaboration with the New Mexico Angels, is offering a FREE business support program to existing and aspiring business owners in New Mexico called Venture Funding Sprint. This 6-week business support program will equip participants with the understanding of terminology and financial instruments, engaging in negotiations with potential investors, and creating the necessary tools and materials to attract investment.
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