Gallup Bakery Thriving

A book changed Jacqueline Ahasteen’s life. As a teenager, she stumbled across a culinary arts encyclopedia that had belonged to her father, and she was captivated by words and images so vivid that she could almost taste the wonders they described. Smitten with what was tucked in the pages of that tome, Jacqueline began experimenting with baking tarts, cupcakes and doughnuts, all from scratch. She was in the kitchen, and she was in heaven.

When she grew up, however, she put that passion aside in favor of a steady paycheck and a job in IT. That lasted until 2016, when Jacqueline posed to her husband the idea of opening a bakery. They secured a location, signed a lease, and began renovations with his enthusiastic support. The couple opened the doors of I Knead Sugar, their sweet treat bakery in Gallup, New Mexico, in May 2017.

Although fed by a dream, business ownership is about reality, and I Knead Sugar nearly closed before it even opened. After spending hard-earned personal resources on renovations and build-out, Jacqueline realized they didn’t have enough money for the ingredients that would make the bakery thrive.

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DreamSpring Receives More Money to Lend

The nonprofit lender DreamSpring has been awarded almost $5 million in Equitable Recovery Program grant funds from the U.S. Treasury to support small-business lending. The U.S. Treasury grant program is aimed at strengthening the ability of Community Development Financial Institutions (CDFIs) like DreamSpring to help low- and moderate-income communities recover from the COVID-19 pandemic and invest in long-term prosperity. 

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JTIP Supports Job Training

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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Conference Highlights Automation Technology

Manufacturers and makers interested in exploring automation technology can attend the Advanced Manufacturing Summit on Thursday, March 30, 2023, at the Indian Pueblo Cultural Center in Albuquerque. The event aims to introduce New Mexico’s businesses to Manufacturing 5.0 — the concepts and technologies that are increasing the competitive edge of U.S. manufacturing.

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Newest BizSprint Targets San Juan County

Arrowhead Center at New Mexico State University has added a Farmington-region BizSprint to its lineup of business accelerator programs. BizSprint San Juan is accepting applications until April 4, 2023, from entrepreneurs, owners, and team members of businesses in San Juan County.

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How to Sell to the Government

The federal government aims to award at least 5 percent of all federal prime contracting dollars to women-owned small businesses and 12 percent to small disadvantaged businesses. The State of New Mexico gives New Mexico resident-owned businesses preference in state contracts. Ready to get started selling to the government?

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TEAM Fund Now Accepting 2023 Applications

The Regional Development Corporation’s Technology and Manufacturing (TEAM) Fund, a no-interest loan program that offers loans of up to $20,000, is accepting applications until March 17, 2023.  The fund is open to technology and manufacturing companies headquartered in one of seven Northern New Mexico counties, which include Los Alamos, Mora, Rio Arriba, San Miguel, Sandoval, Santa Fe, and Taos. Applicants must attend a March information session.

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Customer Service and MEP Support Growth of Farmington Engraving Business

Bonnie Cummings sees similarities in the health care she provides as a registered nurse and the customer care she offers as the owner of Third Axis Custom Engraving. The Farmington business owner imparts knowledge and creativity to help customers — and patients — achieve their goals.

Cummings spent 13 years working full time at a local hospital before transitioning to part-time and starting the engraving business in late 2011 from a kiosk at the Animas Valley Mall. Four months later she rented a building nearby and added a second laser engraving machine, expanding her engraving and cutting capabilities to wood, aluminum, leather, cork, and granite. Another move took the business downtown, where Cummings had space for additional machines and three employees to help operate them.

With expansion, Cummings was able to do what she likes most:  provide creative ideas for awards and recognition for schools, businesses, events, memorials, and special occasions.

Cummings sought help navigating the rapid growth of her business from the Business Enterprise Center at San Juan College. An advisor there introduced her to New Mexico Manufacturing Extension Partnership, a nonprofit organization that helps businesses transform their operations to increase productivity and profit through lean manufacturing concepts.

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