The Regional Development Corporation is offering grants of up to $8,000 to businesses that are 51 percent or more owned by a Northern New Mexico tribal member to grow, diversify revenue, leverage other investments, create new jobs, and put systems in place that lead to growth.
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State Lowers GRT Rate
The gross receipts tax rate was decreased by .125 percent by the State of New Mexico effective July 1, 2022. The decrease affects every business and purchaser in the state. Often thought of as a sales tax, GRT is slightly different because it applies to the sale of services, as well as tangible items.
Continue readingPaid Sick Leave Law Starts July 1
New Mexico’s Healthy Workplaces Act takes effect on July 1, 2022, and the Department of Workforce Solutions is offering webinars to help businesses that employ workers comply with the law. Webinar participants will have the opportunity to ask questions of DWS subject matter experts.
Continue readingConstruction Businesses Get Free Advice from Homewise
The nonprofit organization Homewise, known for supporting homeownership and communities, is offering up to $850 of business consultation services for free to businesses in the construction industry. The program, dubbed Buildwise, offers individual consulting and networking events with industry peers and experts to help contractors and construction businesses develop the skills and resources needed to build a successful business.
Continue readingHelp for New Mexico Tourism Businesses
The New Mexico Tourism Department has launched the Tourism Event Growth & Sustainability Program to help preserve, grow, and sustain New Mexico’s tourism events. Businesses engaged in tourism can get financial and planning assistance to develop or support their tourism-related events.
Continue reading7A Community Advantage Still Available
The U.S. Small Business Administration created the 7A Community Advantage loan program as a pilot program to help small businesses in underserved markets. The program was scheduled to expire on September 30, 2022.
Continue readingSubscribe to WESST Podcasts
The business development organization WESST is bringing business inspiration to your earbuds. Minding Your Business is a podcast and radio show that features New Mexico business owners and the steps they have taken toward building successful companies.
Continue readingGrow Your Business Through Government Contracting
Some of New Mexico’s largest employers were once small businesses looking for new sources of revenue. They found revenue and growth by contracting with the government. Ready to get started? Several resource providers aim to help you expand your business through federal, state, and local contracts.
Continue readingMEP Helps Doctor Meet Demand for Healing Products
To deal with the pain of postpartum mastitis, Janine Mahon drew on her knowledge of Chinese medicine to create a soothing topical salve for herself from herbs and oils. In the 20 years since she successfully treated her own breast pain, Mahon, a licensed and certified Doctor of Oriental Medicine, refined the product and shared it with clients at her Albuquerque clinic.
When one satisfied patient asked for a dozen bottles of the healing oil to share with friends, Mahon wondered if there might be a larger market beyond her regular clients. Mahon launched Dr. Janine Mahon’s Rejuvenating Breast Oil exclusively through Violet Grey, a high-end retailer with extensive online reach and sales through its Melrose Place store in Los Angeles.
“I went from no product to a dream store launching it,” she said. “Being in Violet Grey led to other places wanting to carry it.”
Continue readingSample New Tech with New Mexico MEP
New Mexico manufacturers can explore new technology at the Tech Demo room created by New Mexico Manufacturing Extension Partnership. Collaborative robots, 3D printers, and quality control cameras are just a few of the tools available for testing.
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