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.
Continue readingCustomer 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.
Continue readingLearn How to Find Mentors and Opportunities
Part two of the 2023 Women’s Entrepreneurship Symposium series will address the importance of mentors and how building a reliable network can impact growth, opportunities, and success. The event takes place online on March 15. This is the second of three events in the women’s symposium series hosted by the US Patent & Trademark Office.
Continue readingRio Arriba County Businesses Can Connect with Resources on Feb. 23
The Regional Development Corporation is hosting its Business Connectivity Event to help Northern New Mexico businesses located in Abiquiu, Rio Arriba County, and the surrounding region learn about free and low-cost resources and opportunities that will help their businesses grow. The event takes place on February 23, 2023 from 8:30 am to 12:00 pm at the Abiquiu Rural Event Center, House #122A, State Road 554, Abiquiu, NM 87510.
Continue readingWorkshops Aim to Improve Leadership Skills
The Albuquerque co-working organization FatPipe and the business development organization WESST want to help businesspeople become better leaders. FatPipe is offering a six-workshop series called “What type of leader are you?” and WESST’s Rio Rancho center will host virtually “Position Expectations,” a workshop to help business owners and managers provide clarity to employees and team members.
Continue readingRegional Agencies Still Have Money to Lend
Money is still available through New Mexico’s regional Council of Governments (known as COGs) that created emergency loan funds during the height of the pandemic. The Working Now Revolving Loan Fund created by North Central New Mexico Economic Development District and the Revolving Loan Fund (RLF) created by Northwest New Mexico Council of Governments continue to accept applications from small businesses in their service areas.
Continue readingTechnical Assistance Advisors Offer More Than a Loan
Matilda Scheurer purchased Teresa’s Tamales in January of 2021, and she did it with help from The Loan Fund, a nonprofit Community Development Financial Institution (CDFI). In addition to obtaining a loan to purchase the long-time Cleveland, New Mexico restaurant, Scheurer got access to a technical advisor she can call when she needs business advice, feedback, or an answer to a question.
Joaquin Amador is The Loan Fund’s Technical Assistance Advisor in the northern part of the state*. Based in Santa Fe, Amador helps provide loans and lines of credit to small businesses and nonprofits and then offers technical support to ensure those businesses thrive.
Amador is well-positioned to offer assistance. With more than 20 years of management and marketing experience ranging from tech startup to multibillion-dollar global businesses, he is equipped to offer advice on strategic issues like business improvements, as well tactical challenges such as online marketing and search engine optimization. Two advanced degrees – an MBA from the University of New Mexico and a Master of Science from the University of Chicago – give Amador a wide range of business knowledge he can share with The Loan Fund’s clients.
Continue readingSee First-Hand What VCs Look For
CNM Ingenuity is hosting its popular Ski Lift Pitch at Taos Ski Valley on Thursday, February 23, 2023. Startups have already been selected to pitch, but entrepreneurs can learn what venture capitalists look for in a fundable start-up by attending the event. Fund managers representing more than $300 million in investable capital from funds around the country are expected to attend.
Continue readingBlack Business Summit Kicks Off Black History Month
The City of Albuquerque, in collaboration with a multitude of partners, is kicking off Black History Month with a summit that aims to equip Black entrepreneurs and business owners with the resources to help their businesses grow. February is Black History Month, and the summit will take place February 7 and 8 at the Albuquerque Convention Center.
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