Eligible participants accepted into NMSU Arrowhead Center’s Native American Sprint will get $500 to invest in their business when they complete the program.
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Funds aim to spur growth of six Native American ventures
Bison Star Naturals owners Jacquelene and Angelo McHorse with daughter Judy. Article by Damon Scott.
(note from editor: The RDC now manages the Tribal Economic Diversity Fund, more information here )
Bison Star Naturals is one of six enterprises that shared $60,000 of investment in 2018 as part of the Native American Venture Acceleration Fund program administered by the Regional Development Corporation. NA VAF aims to create jobs by boosting revenue and advancing the business goals of Native American-owned Northern New Mexico companies.
Jacquelene and Angelo McHorse, owners of Bison Star Naturals, sought the funds to launch a line of liquid jojoba and yucca root soap to augment the bar soaps and lotions the business is known for.
“We also are expanding our line to include our unscented lotion,” Jacquelene said. “The funding allows us to release a new product line and expand our current offerings — which are great leaps for our small business.” Continue reading
SBA’s Entrepreneur Training Expands in NM
John C. Woosley, District Director, SBA NM District Office
Merlin Herbert believes anyone can run a business if they have the right training. Herbert, the owner of a 19 year-old Bloomfield-based welding company, participated in the e200 Emerging Leaders training program in Gallup last year. “The training helped me become a better manager,” he says.
An initiative of the U.S. Small Business Administration, the e200 Emerging Leaders Program is a national curriculum that provides business owners in underserved markets with training, networking, resources and motivation to grow their business and create jobs. Now in its fourth year in Albuquerque, the program will be offered in Farmington this year for the first time. The training, which is valued at over $8,000, is free of charge and will be conducted from April through November, 2011, in both locations.