The 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 readingCategory Archives: New Programs, Open Opportunities and Announcements
State Lowers GRT Rate
The 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.
Continue readingUSPTO Celebrates LGBTQIA+ with Proud Innovation
Do you have an idea you want to bring to life? Are you passionate about taking your special product or service to the market? The United States Patent and Trademark Office is hosting a free, online inspiration series called Proud Innovation on June 15 and 22.
Continue readingWESST Pop-Up Shop Supports Creative Entrepreneurs
The business development organization WESST is accepting applications from creative entrepreneurs to participate in its juried October 2022 holiday pop-up shop.
Continue readingeBay Grant Deadline Approaching
The eBay Up & Running grant program awards $10,000 grants to 50 businesses that sell on its platform. The deadline to apply for a 2022 grant is June 10, 2022.
Continue readingTax Credit Helps Businesses Diversify
The Work Opportunity Tax Credit is a Federal tax credit available to employers for hiring individuals from certain targeted groups who have consistently faced significant barriers to employment. The program aims to incentivize workforce diversity by offering up to $2,400 in tax credit to any employer that hires an individual identified as being a member of one of 10 targeted groups.
Continue readingPaid Sick Leave Law Starts July 1
New Mexico’s Healthy Workplaces Act takes effect on July 1, 2022, and the Department of Workforce Solutions is offering webinars to help businesses that employ workers comply with the law. Webinar participants will have the opportunity to ask questions of DWS subject matter experts.
Continue readingConstruction Businesses Get Free Advice from Homewise
The nonprofit organization Homewise, known for supporting homeownership and communities, is offering up to $850 of business consultation services for free to businesses in the construction industry. The program, dubbed Buildwise, offers individual consulting and networking events with industry peers and experts to help contractors and construction businesses develop the skills and resources needed to build a successful business.
Continue readingMicroloan Program Fills Lending Gap
The U.S. Small Business Administration partners with nonprofit lenders to help businesses access small infusions of cash for working capital and expenses related to inventory, supplies, equipment, furniture, and fixtures. The SBA Microloan Program aims to help small businesses that are unable to access capital from traditional sources. The average loan size is $13,000.
Continue readingSBA Small Business Week – Virtual in 2022
Congratulations to Joy Colucci, CEO of Metis Technology Solutions, who has been named New Mexico Small Business Person of the Year by the US Small Business Administration New Mexico District office. Ms. Colucci will speak about her business journey at an award ceremony on May 3 and will join other state and regional awardees at this year’s SBA Small Business Summit on May 5 as part of the SBA National Small Business Week Summit, which runs from May 2 through May 5. All events are offered virtually this year.
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