New Mexico’s Gross Receipts Tax system has always been somewhat confusing. Unlike many states that require businesses to collect a tax on product sales (referred to as a sales tax), New Mexico’s tax applies to the sale of products and services.
Continue readingCategory Archives: New Programs, Open Opportunities and Announcements
Black Business Summit Kicks Off Black History Month
The City of Albuquerque, in collaboration with a multitude of partners, is kicking off Black History Month with a summit that aims to equip Black entrepreneurs and business owners with the resources to help their businesses grow. February is Black History Month, and the summit will take place February 7 and 8 at the Albuquerque Convention Center.
Continue readingNew Tool Helps Creators Identify Their IP
The U.S. Patent and Trademark Office has launched a new tool to help those unfamiliar with Intellectual Property (IP) identify whether they have or need protections to support and advance their business, invention, or brand. The tool helps users identify a person’s or company’s intellectual property, and provides easily digestible information on intellectual property – patents, trademarks, copyrights, and trade secrets.
Continue readingStore Front Repair Program to Offer $2,500
The Las Cruces Bulletin has reported that eligible Las Cruces businesses may apply for a grant of up to $2,500 to help repair storefront property damage that occurred on or after Jan. 1, 2021. According to the article, applications will be accepted starting Feb. 1, 2023, until the program funding runs out. The Las Cruces Economic Development Department will manage the program.
Continue readingSprints Propel Businesses Off the Starting Block
Arrowhead Center at New Mexico State University is accepting applications for several upcoming business sprint programs. BizSprint Roswell, a 6-week business acceleration program for startups and existing businesses located in the city of Roswell, is accepting applications until the end of the day on February 6, 2023. AgSprint, another 6-week business acceleration program — this one for existing or aspiring agricultural businesses located anywhere in the state — is accepting applications until February 15. And Feb. 27 is the deadline for San Miguel County businesses to apply to join the BizSprint San Miguel cohort.
Continue readingAbq Sunport Looking for Vendors
According to a January 18 Albuquerque Journal article, the Albuquerque International Sunport is undergoing renovations that will make room for up to ten retail businesses and 16 concessions. Renovations are expected to be completed by the end of 2024, and the airport authority plans to issue an RFP seeking retail vendors by the end of March 2023.
Continue readingSBA Looking for Rural, Women-Owned Businesses
Women-owned small business owners located in rural areas are invited to apply to join the US Small Business Administration’s free Ascent Rural program. Ascent offers group virtual learning sessions that provide a forum for program participants to meet with other women who have been selected for the upcoming Ascent cohort. The program is a combination of online self-guided learning using the Ascent platform, as well as group virtual sessions.
Continue readingBusinesses Have Until Feb. 9 to Apply for NMSBA Leveraged Assistance
New Mexico businesses facing a shared challenge have until Feb. 9, 2023, to apply together for a New Mexico Small Business Assistance (NMSBA) Program leveraged projects award of up to $120,000 in national laboratory services.
Continue readingBernCo Essential-Business Grant Program Opens
For-profit and nonprofit organizations that were deemed “essential” during the pandemic and are located in Bernalillo County can apply for up to $50,000 in one-time financial support to assist in retaining workers. The money, which is part of the American Rescue Plan Act State and Local Fiscal Recovery Funds, must be dispersed to workers by awarded companies and nonprofits. (See update below.)
Continue readingTrueGrit Loan Aims to Recharge Small Businesses
The TrueGrit Growth loan, offered by the nonprofit lender DreamSpring in partnership with Wells Fargo,* provides eligible business owners continuing to recover from the pandemic with up to $10,000 to rebuild the business and position it for long-term growth. The unsecured, low-interest, fixed-rate loan offers flexible terms that are hard to beat.
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