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.

Continue reading

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. 

Continue reading

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.

Continue reading

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.

Continue reading

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.

Continue reading

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?

Continue reading

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.

Continue reading