The New Mexico Economic Development Department (EDD) is launching a new initiative aimed at assisting small, disadvantaged businesses with technical assistance so they can better succeed. HatchForm LLC, WESST, and UNM Anderson are the initial providers for this program.

The State Small Business Credit Initiative (SSBCI) Technical Assistance Program will offer workshops and direct assistance to qualifying Very Small Businesses (VSB) and Socially Economically Disadvantaged Individuals (SEDI) owned businesses through financial, legal, venture capital, and emerging fund manager advisory assistance.

The Technical Assistance (TA) program is a vital resource designed to support registered business owners in various critical areas. Part of the program is specifically tailored for businesses interested in venture capital and for emerging fund managers. This program aims to provide the necessary tools and guidance to help these businesses access capital from local lenders and financial institutions, including investment dollars.

To see a schedule of workshops and apply for the SSBCI TA program, go to the program intake page.