Tag Archives: grants for business

New Owners Put Silver City Tile Company on Path for Growth

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Within two years of purchasing Syzygy Tile Works in Silver City, Josh and Carolyn White knew they needed to expand the business to meet national and international demand for their high-end, handcrafted ceramic tiles.

Josh had worked for the company for 16 years before the previous owner retired, and he quickly made improvements to shorten production times. But with employees needing as much as three years to fully learn their craft, customers were waiting four to five months for product delivery.

The Whites knew this was an unsustainable interval. In 2020, they contacted the state Economic Development Department to ask what resources were available to small manufacturers. They were referred to New Mexico Manufacturing Extension Partnership (New Mexico MEP), a nonprofit dedicated to helping small manufacturers streamline production and become more competitive.

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RCAC Boosts Food Truck “Over the Moon”

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Melinda Arquero’s dream of owning a food truck business came true in 2019. Spurred by childhood memories of selling frybread from a roadside tent alongside her mother, the Cochiti Pueblo native purchased a truck to maintain the Pueblo frybread tradition and honor the dream she shared with the mother she lost to cancer 10 years earlier. Her plan was to serve frybread to Cochiti Pueblo residents and visitors at tribal events.

And then the pandemic hit. Pueblo communities were placed on lockdown prohibiting visitors from entering tribal lands where they could pass the virus to Native Americans – a population that suffered virus deaths at one of the highest rates of any race or ethnicity. Arquero’s new Over The Moon food truck was forced to sit idle.

A Chance Meeting

Arquero, known by family and friends as Moon, learned about the nonprofit lender Rural Community Assistance Corporation (RCAC) by chance soon after pandemic health regulations loosened. She was invited to bring Over The Moon to a regional housing meeting at the Cochiti Housing Department. Hosted by RCAC, the meeting focused on RCAC housing and development programs, but conversations revealed RCAC’s work with rural small businesses. Subsequent conversations resulted in a loan and a relationship that has put the business on solid footing and given it more opportunities than Arquero originally envisioned.

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JTIP Supports Job Training

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The state’s Job Training Incentive Program (JTIP), one of the most generous in the country, funds classroom and on-the-job training for newly-created jobs in expanding or relocating businesses for up to 6 months. The program reimburses 50-75% of employee wages after all employee training has been completed.

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Albuquerque Tourism Grants

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The Albuquerque Tourism Marketing District (ATMD) is offering grants of up to $50,000 to businesses and nonprofits with projects that create experiences, improve or develop infrastructure or grow arts and culture programs. Applicants must be located in New Mexico and registered as a federally recognized for-profit or nonprofit entity.

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Store Front Repair Program to Offer $2,500

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The Las Cruces Bulletin has reported that eligible Las Cruces businesses may apply for a grant of up to $2,500 to help repair storefront property damage that occurred on or after Jan. 1, 2021. According to the article, applications will be accepted starting Feb. 1, 2023, until the program funding runs out. The Las Cruces Economic Development Department will manage the program.

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BernCo Essential-Business Grant Program Opens

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For-profit and nonprofit organizations that were deemed “essential” during the pandemic and are located in Bernalillo County can apply for up to $50,000 in one-time financial support to assist in retaining workers. The money, which is part of the American Rescue Plan Act State and Local Fiscal Recovery Funds, must be dispersed to workers by awarded companies and nonprofits. (See update below.)

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STEP Grants Help Businesses Begin Exporting

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The New Mexico State Trade Expansion Program (STEP) helps businesses expand into new markets or begin exporting by reimbursing eligible costs such as securing foreign trade show booth space, hiring interpreters, and attending export training programs. The program also offers the U.S. Department of Commerce’s Gold Key matchmaking services in major markets abroad.

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