The Regional Development Corporation, a nonprofit economic development organization, will begin accepting applications for its Technology and Manufacturing (TEAM) Fund on February 15. The application period runs through March 15 at 5:00 pm. Businesses located in the counties of Sandoval, Santa Fe, Los Alamos, San Miguel, Mora, Rio Arriba, and Taos that meet other criteria are eligible if they attend the mandatory information webinar on February 24.

The TEAM Fund is a no-interest loan fund available to for-profit technology and manufacturing companies headquartered in Northern New Mexico. The fund supports growth-oriented companies that are on track to add jobs, grow revenues, and attract additional funding/investment. Eligible companies have already secured, or have a way to secure, at least 100% in matching capital. Companies selected for this award do not give up any equity by accepting funding and are not required to provide collateral or a personal guarantee. Awards size is up to $20,000.

The application will be available for download from the RDC website on February 15.  See the complete list of eligibility requirements here.

The mandatory information session will take place by webinar at 10:00 am on February 24. Preregistration is required. Register here. A second webinar — this one optional but highly recommended — will take place at 10:00 am on March 3. Register here.