According to legalzoom.com, “Intellectual property rights are the ownership rights you have over things that you create as a result of your original ideas.”
As entrepreneurship has grown in New Mexico, so have the number of resources available to help innovators protect the economic value of their intellectual property.
Continue readingThe New Mexico Small Business Assistance (NMSBA) program at Los Alamos and Sandia national laboratories is soliciting proposals for leveraged projects. The deadline for submission is September 14, 2022. The program does not provide capital or financial investment, however, awarded businesses receive monetary value of up to $120,000 in the form of technical assistance from laboratory engineers, scientists, or their community partners.
Continue readingThe nonprofit lender DreamSpring has introduced a new loan product to help contractors move projects ahead despite rising costs. The Fast Forward loan, which provides short-term financing for 1-3 months at 0% interest, is specifically for contractors, service providers, project-based businesses, and construction industry businesses. Funds can be used for working capital to complete projects or get new initiatives off the ground.
Continue readingThe Wildfire Business Assistance Grant Program provides emergency assistance to business owners and self-employed individuals whose businesses were physically damaged or saw reduced revenue due to recent wildfires. The $1.5 million temporary grant program offers support when federal assistance falls short.
Continue readingBusinesses that were impacted by the COVID-19 pandemic still have access to a few recovery loan programs designed to propel companies toward growth by offering low interest rates and deferred payments. These loans are even more attractive as interest rates on traditional loans increase.
Continue readingThe Technology Readiness Gross Receipts (TRGR) initiative, launched in 2020, has been extended from a three-year pilot to a full five-year program by the New Mexico Legislature, giving businesses another opportunity to tap into the expertise of New Mexico’s national laboratories.
Continue readingUntil cannabis is legalized by the U.S. federal government, cannabis businesses have limited banking and loan options. But access to capital in New Mexico has improved since legislators authorized the New Mexico Finance Authority to offer microloans of up to $250,000 to small businesses engaged in the sale or production of cannabis.
Continue readingEligible participants accepted into NMSU Arrowhead Center’s Native American Sprint will get $500 to invest in their business when they complete the program.
Continue readingThe Regional Development Corporation is offering grants of up to $8,000 to businesses that are 51 percent or more owned by a Northern New Mexico tribal member to grow, diversify revenue, leverage other investments, create new jobs, and put systems in place that lead to growth.
Continue readingThe gross receipts tax rate was decreased by .125 percent by the State of New Mexico effective July 1, 2022. The decrease affects every business and purchaser in the state. Often thought of as a sales tax, GRT is slightly different because it applies to the sale of services, as well as tangible items.
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