Arrowhead Center, in collaboration with the U.S. Economic Development Administration, is accepting applications until January 31, 2025, for its newest free business support program. BizSprint San Juan is for existing and aspiring business owners in San Juan County.
Continue readingTag Archives: New Mexico business
Ski Lift Pitch Offers $10,000 Grant
Nine pre-seed and series-seed New Mexico startup businesses will compete for $10,000 at this year’s Ski Lift Pitch on February 4 at Taos Ski Valley. Organized by Activate NM and powered by CNM Ingenuity, the Ski Lift Pitch brings together New Mexico’s best startups and world-class VC funds for a fun-filled day on the slopes. The competitors have already been selected, but entrepreneurs can attend to learn what a successful pitch looks like.
Continue readingNonprofits in Need: Borrowing Can Be Tool for Financial Stability
A nonprofit isn’t in business to enrich its shareholders, but it still needs revenues and incurs operating expenses while pursuing its community service mission. It, too, can experience cash flow problems or require considerable cash to fund a capital project or expanded services.
When that happens, the nonprofit faces many of the same choices a for-profit business does, though it draws from different funding sources.
While a for-profit business can offer investors a chance to share in the company’s fortunes by buying stocks, for example, a nonprofit relies on stakeholders who are motivated by public interest rather than self-interest.
Continue readingBusiness Grants for Technology Acceleration
The New Mexico Economic Development Department is accepting applications for an Advanced Energy Award Pilot Program (NM AEAPP) grant award of up to $1 million to accelerate the development and commercialization of technologies in the Advanced Energy Sector.
Continue readingUNM Business Summit Aims to Inspire
Entrepreneurs who missed hearing inspiration from Victor V. Hwang, founder and CEO of Right to Start, last fall in Albuquerque have another chance on Tuesday, January 14, 2025, when Hwang headlines the UNM Business and Economic Summit at the Lobo Rainforest building in Albuquerque.
Continue readingMilitary Entrepreneurship Summit
The Military Community Entrepreneurship Summit will take place in Las Cruces on Dec. 3, 2024. The full-day summit offers essential business resource information to military entrepreneurs. Participants can tap into expert-led breakout sessions, networking opportunities, and the experience of veteran business owners.
Continue readingShop Local and Skip the Tax
November 30, 2024, is New Mexico’s Small Business Saturday Tax Holiday, when the state allows non-franchise, small businesses to deduct their sales of qualifying items from their gross receipts. The annual tax holiday, which coincides with Small Business Saturday nationwide, begins at 12:01 a.m. and ends at midnight the same day, giving shoppers an extra incentive to shop locally this holiday season.
Continue readingSmall Business Loan is Most Recent Help for Gallup Family Business
Robert Slover leaned on the WESST Farmington Women’s Business Center for extensive one-on-one consultation sessions in the early days of his cell phone repair business. Cell Phone Doctor sells new and factory-refurbished phones, including iPhone, Samsung, LG, Motorola, and Android, and it services all brands of cell phones and tablets. The business also sells PlayStation and Xbox gaming systems and can network unlock phones. When the Gallup business was ready to expand, Stover turned to WESST again, this time for a small business loan.
Slover’s relationship with WESST initially focused on cash flow and financial planning. Soon after, Slover worked with consultant and trainer Holly Patterson to understand how to use digital marketing tools to improve his social media postings. Help with marketing strategies aimed at growing his target markets was next.
Continue readingOwnership Report Due by January 1, 2025
Businesses operating in the United States have one more requirement to satisfy. The US Corporate Transparency Act was passed by Congress to increase corporate and business transparency of company ownership and thwart criminal activity that sometimes hides behind business walls. By requiring companies — even small ones — to disclose their beneficial owners to the Financial Crimes Enforcement Network (FinCEN), the Act aims to prevent criminal activity such as money laundering, fraud, and financing of terrorism. Businesses that started before January 1, 2024, have until January 1, 2025, to file the report.
Continue readingGet Your Business Recognized By The SBA
The US Small Business Administration (SBA) is accepting nominations for National Small Business Week Awards. The SBA recognizes the hard work, ingenuity, dedication, and economic contributions of small businesses during its annual National Small Business Week Celebration. The 2025 event takes place May 4 through 10, 2025, when at least 10 awards will be bestowed on New Mexico small businesses. The deadline to nominate your or someone else’s business is December 5, 2024.
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