Small Business Pros and Funding Available at All Levels

According to the U.S. Small Business Administration Office of Advocacy, the top reasons for starting a business have not changed much in the past decade. Chief among those reasons is the desire to be one’s own boss and have greater control over one’s income. New Mexico, whose businesses are predominantly small (as defined by the SBA), is fortunate to be home to so many people with a drive for personal self-determination.

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Summit Aims to Propel Innovations

The New Mexico SBIR/STTR Innovation Summit will be held virtually on December 14, 2022, from 8:30 AM to 5:30 PM MST. The Summit brings together small businesses, federal program managers, defense representatives, experts, and local organizations vested in driving innovation through the SBIR and STTR programs. The event offers opportunities for entrepreneurs to discuss their innovations with experts in one-on-one meetings.

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EDD Offers Grants to Science & Technology Companies

The New Mexico Economic Development Department Office of Science and Technology is accepting applications from for-profit companies in the science and technology fields for grants of up to $25,000. Companies in aerospace, biosciences, cybersecurity, Intelligent Manufacturing, sustainable, and green energy fields are encouraged to apply by 5:00 pm MST on Monday, December 12, 2022.

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Small Business Recovery Loan – One Month Left to Apply

The application window for the Small Business Recovery Loan Fund program is about to close. Authorized by the State of New Mexico and available through the New Mexico Finance Authority, the Small Business Recovery Loan program offers loans of up to $150,000 to businesses that were negatively impacted by the pandemic. Applications must be submitted by early- to mid-December in order for a loan to close by the program’s deadline of December 31, 2022.

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Global Entrepreneurship Week (GEW)

Global Entrepreneurship Week celebrates entrepreneurship during the second week of November — from November 14 through 20 in 2022. Started in the U.S. and U.K. by the Ewing Marion Kauffman Foundation in 2008, GEW has grown to be a truly global endeavor with events taking place in more than 165 countries — including here in New Mexico.

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STEP Grants Help Businesses Begin Exporting

The New Mexico State Trade Expansion Program (STEP) helps businesses expand into new markets or begin exporting by reimbursing eligible costs such as securing foreign trade show booth space, hiring interpreters, and attending export training programs. The program also offers the U.S. Department of Commerce’s Gold Key matchmaking services in major markets abroad.

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WE Mean Business Coming to a Device Near You

Arrowhead Center at New Mexico State University and WESST want women entrepreneurs (WE) to have the support they need to start and build their businesses. The two business development organizations have teamed up to offer WE Mean Business, a women’s entrepreneurship conference that will be held virtually from 1:00 pm to 5:00 pm on November 17.

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