Tag Archives: business assistance

Lender-Client Relationship Built on Trust, Mutual Benefits

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Jordan van Rijn, NM Loan Officer, Accion New Mexico ∙ Arizona ∙ Colorado

By Jordan van Rijn, NM Loan Officer, Accion New Mexico ∙ Arizona ∙ Colorado

Mauro Nava’s seven-year relationship with microlender Accion New Mexico ∙ Arizona ∙ Colorado paid off when the Mexico City native and his Ukrainian-born business partner, Olena Dziuba, decided to open a health clinic to serve residents of Albuquerque’s underserved South Valley. Clínica la Esperanza opened in October 2011 at Bridge and Isleta boulevards with seed money from the two partners to remodel the building and a line of credit from Accion to pay bills until the business started generating revenue.

Nava first contacted Accion in 2005 for funds to start a mobile radiography business called On-Site Radiography. Nava’s perfect payment history on past Accion loans made him a good candidate for the most recent investment. Continue reading →

TED Conference is Incubator for Innovative Ideas

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Tim Nisly

Tim Nisly, Founder, TEDxABQ

The adage that business success is 1 percent inspiration and 99 percent perspiration hit home for me through TED, a nonprofit organization dedicated to the spread of inspiring ideas. Established in 1996 by magazine publishing entrepreneur Chris Anderson on the basis of a 1984 gathering of leaders in the fields of design, technology and entertainment, TED aims to provide a platform for the world’s most innovative thinkers, visionaries and teachers to help people gain a better understanding of the world’s most serious problems and hear some ideas about how to solve them. The Sapling Foundation, TED’s parent organization since 2001, has supported projects that use these tools to create sustainable change in areas such as global public health, poverty alleviation and biodiversity through such organizations as the Acumen Fund, OneWorld Health, and PATH.

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Outside Capital Helps Aerial Photography Company Take Off

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F. Leroy Pacheco

F. Leroy Pacheco, CEO, The Loan Fund

Blue Skies Consulting knows a lot about building a business through strategic growth funded by outside capital. The Belen-based aerial photography company is a client of The Loan Fund, a top-ranked community development financial institution that provides loans and other banking services to underserved markets in New Mexico.

Blue Skies began its relationship with The Loan Fund in 2009 when it sought funding to buy aerial camera system components in preparation for the purchase of a digital aerial camera designed for high-resolution photography. Two loans in 2011 made it possible for the company to buy the Microsoft Vexcel UltraCam Lp, the only photogrammetric digital mapping camera in New Mexico. Continue reading →

Program Offers NM Herbalist Free Technical Help

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Monica Abeita

Monica Abeita, Regional Development Corp. for NNM Connect

In the 29 years since he bought Santa Fe-based Herbs, Etc. from its founder, herbalist Daniel Gagnon has worked hard to meet demand from the more than 2,000 U.S. retailers that carry the liquid herbal extracts and herbal medicines he manufactures.

Because quality control was critical to establishing and maintaining the company’s reputation, Gagnon imposed rigorous anti-microbial standards for his potions. Traditionally, Gagnon eliminated unwanted microbes by processing his herbs with water and alcohol. But in 2000, he developed a way to remove the alcohol to produce an alcohol-free product using olive oil and soft gel encapsulation.

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Collaboration is Ingredient for Success of Culinary Business Incubator

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Tony Gallegos

Tony Gallegos, CEO, Rio Grande Community Development Corporation

New Mexico is home to delicious and distinctive foods and to one of the largest commercial kitchen incubators in the country.

Albuquerque’s South Valley Economic Development Center— a collaborative effort of Bernalillo County and the Rio Grande Community Development Corporation — houses a 3,500-square-foot commercial kitchen that’s available to entrepreneurs who want to turn their cooking skills into money-making ventures. More than 60 small businesses share the nonprofit Mixing Bowl Community Kitchen at any given time, and 200 potential entrepreneurs hatch their food-based businesses at the incubator every year.

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Energy Efficient Lighting Slashes Costs for Deming Manufacturer

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Terry Brunner

Terry Brunner, State Director, USDA Rural Development Agency

A new energy-efficient system installed at Compass Components Incorporated (CCI) is expected to save the Deming company more than 50 percent on its lighting bill. A $48,000 grant from the U.S. Department of Agriculture’s Rural Energy for America (REAP) made the upgrade possible in late 2011.

Lighting is critical at the company’s high-ceiling plant, where electrical components and wiring harness assemblies for buses are manufactured. CCI replaced the plant’s 630 fluorescent tube lights and fixtures with 48 T-8 Hi-Bay lights. In doing so, it removed and safely disposed of old ballasts containing liquid polychlorinated biphenyls (PCBs); these highly toxic materials haven’t been produced in the United States since 1979 due to their classification as persistent organic pollutants.

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State Helps Businesses Obtain Certification That Puts Major Contracts Within Reach

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Jeff Abrams

Jeff Abrams, Innovation Director, New Mexico MEP

Winning government contracts can enrich a business and workers in the community where the business is based. But getting contracts from government agencies and private industries that value quality-management certification can seem daunting at first.

To simplify the process for eligible businesses, the state Economic Development Department, in partnership with New Mexico MEP, created New Mexico 9000, or ISO 9000 — a class that trains businesses to procure the ISO 9001:2008 certification that is critical to winning big contracts and doing business with privately held national and international companies.

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Board Membership Offers Connections, Fulfillment

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Leslie McCarthy Apodaca

Leslie McCarthy Apodaca, Director, Greater Albuquerque Chamber of Commerce; and Partner, Rodey, Dickason, Sloan, Akin & Robb, P.A.

Serving on the board of a nonprofit organization can be professionally and personally satisfying, or it can be an exercise in boredom and frustration. Getting the most from board membership requires a good fit between individual and organization, and that requires some research.


Pros and Cons

The benefits of board service are generally recognized, which is why the busiest and most successful members of a community often serve on community boards. Board membership offers an opportunity to collaborate with others who are interesting and like-minded. Board members can learn new skills and use skills they already possess to improve and benefit an organization they support. Most people who volunteer to serve on boards say they do so because of a desire to have an impact, to effect positive change and to give back to the community.

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Trade Missions Help New Mexico Businesses Expand into Global Market

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Edward R. Herrera

Edward R. Herrera, Acting Director, Office of International Trade, NM EDD

Glenn Mallory traveled to Chile and Argentina this winter to gauge the potential market for Kalwall, an energy-saving translucent building material made and marketed by Illuminación Natural Inc. and its Southwest affiliate, Daylighting Solutions. The trade mission was coordinated by the New Mexico Economic Development Department’s Office of International Trade.

“I had worked in both markets several years ago with no tangible results,” Mallory said. But on this trip, “I got very clear ideas about the potential in both markets. It will take months of follow-up and persistence to determine whether or not there will be direct economic benefit from the mission, but one small order would pay for the cost of making the trip, so it is worth the investment.”

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National Lab Assists Dental Implant Developer with Technical Problems

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Information Sessions Coincide with Next Funding Deadline

Monica Abeita

Monica Abeita, Regional Development Corp. for NNM Connect

Three New Mexico men – metallurgist Terry Lowe from Metallicum, a subsidiary of Manhattan Scientifics; designer and manufacturer Dan Blacklock from Danlin Products; and dentist and educator Walt Schuman from BASIC Dental Implants — recently collaborated to develop, manufacture, and market dental implants that use an enhanced variant of titanium made by Manhattan Scientifics. Titanium improves the way dental implants are anchored into the jawbone.

But the team needed special equipment and expertise to evaluate and describe the distinctive characteristics of their breakthrough material, which goes by the trademarked name of Biotanium. The partners applied for help from the New Mexico Small Business Assistance program – a joint project of Los Alamos and Sandia national laboratories and the state of New Mexico. Continue reading →