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Tag Archives: business financial literacy

WESST Offers Financial Literacy Training

Posted on by Admin

The nonprofit economic development organization WESST is now offering financial literacy training through its Money Learning Lab. The lab brings small business makers, doers and dreamers together to access tools that will help build their business.

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Posted in New Programs, Open Opportunities and Announcements | Tagged business assistance, business financial literacy, New Mexico business, small business loans, WESST

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Featured Article

RCAC Helps Prados Beauty Outperform

Cece Meadows started Prados Beauty from her home.

When Cece Meadows walked into rooms filled with prospective investors, she knew they saw a red flag.

During the height of the pandemic, her company, Prados Beauty, had donated 50 percent of its sales — not profits — to buy protective gear for Indigenous communities. To your typical venture capitalist or big-bank lender, that looked like a liability.

But for Meadows, a Xicana of Yaqui descent, that was the entire point. Meadows lives by her grandmother’s advice, which translates as “Everything you do with a good heart can never go wrong.”

Today, that model has a proven return on investment. Prados Beauty is the top-selling independent color cosmetics brand at JCPenney, moving products in 609 stores and becoming the first beauty line ever sold at the Smithsonian.

The brand reached these heights, in part, through Meadows’ partnership with the Rooted Relative Fund offered through the nonprofit lender Rural Community Assistance Corporation (RCAC). Fund managers viewed Meadows’ commitment to community not as a “risk” but as the secret to her success.

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