Applications for zero-interest business loans of up to $20,000 will be accepted starting February 15, 2024. The no-interest loans are offered to Northern New Mexico manufacturing and technology-based companies by the Regional Development Corporation as part of its TEAM Fund. Applications are due by March 17.
RDC’s (tech-and-manufacturing) TEAM Fund aims to help small manufacturing and technology companies add jobs, grow revenues, and attract additional capital.
For-profit manufacturing and technology-based businesses of any size, at any stage, and in business for over one year are encouraged to apply. Eligible businesses must be headquartered in Los Alamos, Mora, Rio Arriba, San Miguel, Northern Sandoval, Santa Fe, or Taos counties, which is the area served by the RDC. Funds are awarded through a competitive process.
Applications will be accepted from February 15 through March 17, 2024. See eligibility requirements and other criteria.
To help business leaders apply, RDC is offering two information sessions:
- Taos TEAM Fund Info Session: February 20: 1:00-2:00 pm
Taos Visitor Center/Taos Pueblo Collective Center Conference Room, 1201 Paseo Del Pueblo Sur, Taos, NM 87571 - Santa Fe TEAM Fund Info Session: February 27: 11:00 am-Noon
Santa Fe Business Incubator, Conference Room B, 3900 Paseo del Sol, Santa Fe, NM 87507