The Regional Development Corporation’s TEAM Fund will begin accepting applications from businesses in Northern New Mexico on February 18, 2025. RDC’s Technology & Manufacturing (TEAM) Fund awards up to $20,000 in no-interest loans to technology and manufacturing companies on track to add jobs, grow revenues, and attract additional funding or investment.

For-profit manufacturing and technology-based businesses of any size, at any stage, and in business for more than one year are eligible. Companies must be headquartered in Los Alamos, Mora, Rio Arriba, San Miguel, northern Sandoval, Santa Fe, or Taos counties and have a business license, a New Mexico Tax & Revenue CRS number, a Federal FEIN number, and a business-only bank account.

Applications will be accepted from February 18 through March 17, 2025. Funds are awarded through a competitive process.

Funds can be used for growth, such as procurement of business equipment, consulting services, or specialized software. Businesses must demonstrate matching funds and outline specific purchases that will be made within 6 months from the award date.

Find award guidelines, selection process, and other information on the RDC TEAM Fund webpage.

RDC is offering an information session on February 26 from 11:00 am to 12:00 pm. Prospective applicants are encouraged to attend to learn how to maximize the competitiveness of their applications. Register here.