Incentives Directory

Office of Business Advocacy

AGENCY: New Mexico Economic Development Department
DESCRIPTION: The Office of Business Advocacy advances New Mexico business and enterprise with expansion, retention and growth.
ELIGIBLE USE:
• Enables business owners to break through regulatory roadblocks and red tape.
• Helps navigate state government with assistance for permitting or licenses, inspections, taxation and customized research reports.
• Resolves challenging bureaucratic, intergovernmental and public policy problems affecting businesses in New Mexico.
QUALIFICATION CRITERIA/COMMENTS:
• Any New Mexico business may receive assistance.
• Visit http://www.NMforBusiness.com or call (505) 827-0089 for assistance.
 

Category: Local Incentives, Business Expansion

More Local Incentives, Business Expansion

AGENCY: First Nations Financial Project (FNFP), Oweesta Program DESCRIPTION: As part of an ongoing effort to stimulate small businesses, home ownership and economic development in Native Communities, OWEESTA provides the training and technical assistance needed to get Native Community Development Financial Institution (NCDFI) up... Learn More
AGENCY: New Mexico incorporated municipalities and counties DESCRIPTION: Pursuant to the Industrial Revenue Bond Act, New Mexico municipalities and counties are authorized to issue IRBs to stimulate the expansion and relocation of commercial and industrial projects in the state. ELIGIBLE USE: • IRB financing for... Learn More
AGENCY: Economic Development Department (EDD), International Trade Division DESCRIPTION: The International Trade Division offers export assistance, consultations on business practices, and a wealth of knowledge in doing business internationally. Additionally, they have trade networks throughout the globe available to assist you in a variety... Learn More
AGENCY: New Mexico incorporated municipalities and counties DESCRIPTION: The Local Economic Development Act allows communities the option of offering local government aid to qualifying business entities for economic development projects. STRUCTURE: • One of LEDA’s advantages is that it allows municipalities and counties to... Learn More
AGENCY: New Mexico incorporated municipalities and counties ELIGIBILITY: Communities that have already passed the Local Economic Development Act (LEDA) are able to pass a LOGRT. STRUCTURE: • The community votes to raise its LOGRT. • The rate is set at 1/8 of 1%. •... Learn More
AGENCY: Economic Development Department (EDD), Economic Development Division DESCRIPTION: MainStreet provides technical assistance, services and resources to its affiliated non-profit organizations for downtown revitalization and redevelopment. It does so through the Four Point ApproachTM of the National Trust Main Street Center, providing strategic planning and... Learn More
DESCRIPTION: Mesa Capital Partner’s mission is to grow small businesses by providing equity capital for expansion, investment and restructuring. ELIGIBILITY: Early stage and small business sector located in geographic areas underserved by other capital providers. STRUCTURE: • Focuses on cash flow generation and sustainability... Learn More
AGENCY: Navajo Nation, Division of Economic Development Support DESCRIPTION: The division provides loans or loan guarantees to qualified Navajo individuals or Navajo-owned businesses. The program is intended to foster the establishment of new businesses or the expansion of existing businesses within the Navajo... Learn More
AGENCY: New Mexico Community Capital DESCRIPTION: New Mexico Community Capital’s mission is “to improve the lives of New Mexicans, particularly those in rural and economically under-served areas, by investing in New Mexican businesses, helping those companies prosper, and contribute to their communities.” STRUCTURE: •... Learn More
DESCRIPTION: The NMFA is dedicated to improving the lives of New Mexicans by planning and financing infrastructure, strengthening the economy through public/private partnerships and setting the standard for superior, diverse, innovative and solution-driven financing. ELIGIBILITY: Programs include a Public Project Revolving Fund, Drinking Water... Learn More
AGENCY: New Mexico Economic Development Department (NMEDD) DESCRIPTION: The Job Training Incentive Program (JTIP) funds classroom and on-the-job training for new employees in newly created jobs in qualified expanding or relocating businesses. ELIGIBLE USES: • JTIP reimburses approved companies for a portion of new... Learn More
AGENCY: New Mexico Manufacturing Extension Partnership (MEP) DESCRIPTION: MEP is a 501(c) 3 non-profit corporation with an industry lead Board of Directors. Its mission is “to help New Mexico’s existing and emerging small and medium manufacturing enterprises strengthen their global competitiveness by extending advanced... Learn More
AGENCY: Los Alamos & Sandia National Laboratories DESCRIPTION: The New Mexico Small Business Assistance Program solves small business challenges through national laboratory expertise. ELIGIBLE USES: • Los Alamos and Sandia National Laboratory scientists and engineers provide technical assistance at no cost to small businesses... Learn More
AGENCY: New Mexico Small Business Development Centers (NMSBDC) DESCRIPTION: The mission of the NMSBDC is to strengthen the economy of New Mexico by providing direct assistance, entrepreneurial education and resource linkages designed to facilitate the retention and expansion of existing small businesses, and the... Learn More
PROGRAM: New Mexico Workforce Connection AGENCY: Office of Workforce Training and Development DESCRIPTION: The NM Workforce Connection is a system that is integrated and coordinated through the alignment of economic development, education and job training programs for the purpose of increasing employment, job retention and... Learn More
AGENCY: U.S. Department of Agriculture (USDA) Rural Development (RD), Rural Business- Cooperative Service (RBS) DESCRIPTION: The purpose of the program is to improve, develop or finance business, industry and employment, and improve the economic and environmental climate in rural communities (under 50,000 population) and non-urbanized... Learn More
AGENCY: US Department of Agriculture (USDA) Rural Development (RD), Rural Business- Cooperative Service (RBS) DESCRIPTION: The Cooperative Development Assistance Program helps rural residents form new cooperative businesses and improve the operations of existing cooperatives. ELIGIBLE USES: • Technical assistance. • Cooperative development assistance. • Education... Learn More
AGENCY: US Department of Agriculture (USDA) Rural Development (RD), Rural Housing Service (RHS) DESCRIPTION: RD Self Help provides grants for technical assistance in building low-income housing. ELIGIBLITY: Uses include technical assistance that will help very low- and low-income families build homes in rural areas... Learn More
AGENCY: Enchantment Land Certified Development Company (ELCDC) DESCRIPTION: The ELCDC provides free, personalized pre-loan and post-loan advice and training to borrowers. ELIGIBLE USES: The fund’s training and technical services include, but are not limited to: • Small Businesses: • Developing business plans; • Financial... Learn More
AGENCY: Enchantment Land Certified Development Company (ELCDC) DESCRIPTION: The SBA 504 Program provides “economic development financing specifically designed to stimulate private sector investment in long-term fixed assets to increase productivity, create new jobs, and increase the local tax base”. ELIGIBILITY: • Typical candidates for 504... Learn More
AGENCY: Small Business Administration (SBA) DESCRIPTION: CAPLines are revolving lines of credit which allow a borrower to obtain funds as needed from a pre-approved credit account. The general formula is up to 80% of accounts receivable no older than 90 days and 50% of... Learn More
AGENCY: Small Business Administration (SBA) DESCRIPTION: Designed to provide short-term working capital to exporters. ELIGIBLE USES: • Proceeds can be used • To purchase land or buildings, to cover new construction as well as expansion or conversion of existing facilities; • To acquire equipment,... Learn More
AGENCY: Small Business Administration (SBA) DESCRIPTION: Assistance to eligible small businesses in an industry (1) engaged or preparing to engage in international trade or (2) adversely affected by import competition. ELIGIBLE USES: The proceeds of a SBA International Trade loan may be used to... Learn More
AGENCY: Small Business Administration (SBA) DESCRIPTION: Often referred to as the 7(a) Program. Guarantees loans made by lenders to small businesses. The lender may sell the guaranteed portion into the secondary market or retain the asset. ELIGIBLE USES: • Includes the purchase of fixed... Learn More
AGENCY: Small Business Administration (SBA) DESCRIPTION: Pollution Control Loans are 7(a) Loans with a special purpose of pollution control. The program is designed to provide financing to eligible small businesses for the planning, design, or installation of a pollution control facility. This facility must... Learn More
AGENCY: Small Business Administration (SBA) DESCRIPTION: The SBA offers guaranteed loans to employee trusts either to (1) help finance the growth of its employer’s small business or (2) to purchase ownership or voting control of the employer. ELIGIBLE USES: • The SBA requires that... Learn More
AGENCY: Small Business Administration (SBA) DESCRIPTION: Through the 8(a) Program, small businesses owned by socially and economically disadvantaged persons may obtain federal government contracts and other assistance in developing their business. ELIGIBLE USE: • The SBA acts as a prime contractor and enters into... Learn More
AGENCY: Small Business Administration (SBA) DESCRIPTION: SCORE is a volunteer program sponsored by the SBA. The program matches volunteers with small business owners who need advice. ELIGIBLE USES: • In-depth counseling and training in a variety of subjects is provided to existing businesses, including:... Learn More
AGENCY: Small Business Administration (SBA) DESCRIPTION: SBIC's are privately-owned and operated investment companies licensed by the SBA to provide equity, venture capital and/or loans to small businesses and minority-owned businesses. ELIGIBLE USE: • The SBIC must provide equity capital to small businesses. • The... Learn More
DESCRIPTION: The Space Alliance Technology Outreach Program provides a free service designed to speed the transfer of space technology to the private sector by assisting small businesses facing technical challenges. ELIGIBILITY: Businesses include but are not limited to consumer goods, technology, manufacturing, distribution, safety... Learn More
AGENCY: UNM Bureau of Business and Economic Research (BBER), University of New Mexico DESCRIPTION: Provides research and information services for businesses and economic development organizations. BBER maintains a socioeconomic data bank and serves as a repository for U.S. Census Bureau data. ELIGIBLE USES: •... Learn More
AGENCY: Utility Companies DESCRIPTION: Because a healthy business environment is important to utility companies, most have business development specialists on staff. ELIGIBLE USES: • Most utility companies provide rate incentives to their industrial users. • In addition, most utility companies provide referrals to: •... Learn More
AGENCY: National Minority Suppliers Development Council (NMSDC) or Small Business Administration (SBA) DESCRIPTION: The primary objective of the National Minority Supplier Development Council is to provide a direct link between corporate America and minority-owned businesses. The Minority and Women-Owned Business Vendor-Partner Program facilitates the... Learn More
DESCRIPTION: WESST is a non-profit organization whose purpose is to help create economic security by reducing the risks of starting and owning a business. ELIGIBLE USES: • WESST will assist a business owner in: • Assessing new business ideas; • Determining financialoptions; • Pricing products... Learn More