New Mexico grants for Small businesses

This grant provides financial support and mentorship to early-stage cleantech entrepreneurs in the Midwest who are developing innovative solutions to promote economic growth and environmental sustainability.

This funding initiative provides financial support to organizations in New Mexico that promote creative entrepreneurship and industry development, particularly those serving rural and underserved communities.

The Route 66 Black Experiences Grant Program provides direct grant awards to African-American owned/operated businesses and attractions along Route 66, and funding to support research and programs designed to tell the stories of Black experiences related to Route 66. The program, celebrating the Route 66 Centennial, aims to help Black-owned businesses and attractions stay in operation, reopen, and expand, while also supporting research and storytelling efforts related to Black experiences on Route 66. Eligible applicants include Black-owned/operated businesses located along Route 66 with fewer than 20 employees. The 2024 grant round offers a total of $50,000 in awards, with applications due by July 14, 2024, and awards announced the week of August 5, 2024.

This grant aims to bolster economic growth and development, diversify the tax base, and generate new quality jobs within Doña Ana, Luna, and Otero Counties, with potential expansion across New Mexico. It targets new and existing small businesses, entrepreneurs, and nonprofit organizations that contribute to economic revitalization, particularly those impacted by the pandemic or those seeking expansion. The grant supports initiatives such as entrepreneurial education, business development, and workforce reintegration, offering a lifeline for businesses and nonprofits working towards a thriving southern New Mexico economy.

This reimbursement initiative provides financial support to small businesses, non-profits, and educational entities in Albuquerque for repairing or replacing damaged windows, promoting a safer and more attractive community.

The New Mexico Science & Technology Business Startup Grant, offered by the New Mexico Economic Development Department, is a competitive state-funded initiative designed to foster economic growth and innovation within the state. This grant program aligns with the broader mission of supporting local businesses and technological advancement, aiming to strengthen New Mexico's position in key industry sectors. By providing financial resources to early-stage companies, the program directly contributes to the state's strategic priorities of stimulating research and development and promoting the commercialization of cutting-edge technologies. The target beneficiaries of this grant are New Mexico-based, for-profit science or technology companies, particularly those engaged in research and development with the potential to commercialize their technology. The program specifically assists early-stage companies that are developing unique products and demonstrate strong growth potential. The impact goal is to provide these companies with the necessary resources to develop and commercialize their technology, thereby creating new jobs, diversifying the state's economy, and establishing a robust innovation ecosystem. The grant prioritizes companies operating within specific industry sectors deemed crucial for New Mexico's economic future. These include aerospace, biosciences, advanced computing, intelligent manufacturing, and sustainable and green energy. The focus is on supporting business development expenses, enabling recipients to overcome the financial hurdles often faced in the early stages of commercializing innovative technologies. This strategic focus ensures that the grant funds are directed towards areas with the highest potential for long-term economic benefit and technological leadership. The expected outcomes of the New Mexico Science & Technology Business Startup Grant include the successful commercialization of new technologies, the growth of promising early-stage companies, and the creation of high-value jobs within the state. While specific measurable results are not detailed in the provided information, the program's theory of change suggests that by investing in innovative science and technology businesses, New Mexico will see an increase in its economic competitiveness and a more resilient, diversified economy. The ultimate goal is to cultivate a dynamic environment where technological advancements can flourish and translate into tangible economic benefits for the state and its residents.

This program provides financial support to New Mexico-based small businesses with federal SBIR or STTR grants, helping them commercialize innovative technologies and grow their market presence.

The Regional Development Corporation Tribal Economic Diversity Fund offers grants to businesses owned by federally recognized Indian tribes or their enrolled members. The program aims to provide critical technical services and equipment to these businesses, supporting economic diversification and growth within Northern New Mexico. The fund aligns with the broader mission of sustaining and assisting developing businesses, thereby creating jobs and diversifying the region's economy. The target beneficiaries are business enterprises owned by federally recognized Indian tribes, or at least 51% owned by enrolled members of specific Pueblos (Cochiti, Jemez, Nambe, Ohkay, Picuris, Pojoaque, San Ildefonso, Santa Clara, Taos, or Tesuque). These businesses must be headquartered in Los Alamos, Mora, Rio Arriba, San Miguel, Northern Sandoval, Santa Fe, or Taos County, have a business-only bank account, and have been in operation for at least six months. The impact goals include diversifying revenue, leveraging other investments, creating new jobs, and implementing systems that lead to business growth. The grant prioritizes competitive awards for services that achieve these diversification and growth objectives. Funds can be used for procuring business equipment and tools, advertising and marketing costs, consulting services, and specialized software. Preference is given to first-time applicants and those previously unawarded, indicating a focus on broadening access and supporting new and developing tribal businesses. Expected outcomes include the establishment of new jobs, increased revenue streams for tribal businesses, and the implementation of strategic systems that contribute to long-term economic stability and expansion. Measurable results would likely be tracked through job creation figures, revenue diversification indicators, and the successful acquisition and utilization of funded equipment or services. The program's strategic priority is to strengthen the economic landscape of Northern New Mexico by empowering tribal businesses. The foundation's theory of change posits that by providing targeted financial support for essential services and equipment, tribal businesses will be better equipped to diversify their revenue, expand their operations, and ultimately contribute to job creation and economic resilience in the region. This investment in tribal enterprises is seen as a key driver for sustainable economic development and a more diverse regional economy. The funding ceiling is up to $8,000, with grants ranging from $1,000 to $10,000.

The Pacific Coast Coalition is offering a grant of over $1 million for dairy processors in selected states to fund projects that diversify dairy product markets, promote business development, and encourage innovative use of regionally produced milk, with funds potentially used for planning, training, equipment, product development, and co-packing capabilities.

This grant provides financial support to organizations in New Mexico that empower socially and economically disadvantaged entrepreneurs, particularly in underserved and rural areas, through capacity-building services and resources.

This grant provides financial support to independently owned legacy businesses along the historic Route 66 corridor, focusing on preservation projects that enhance visibility and sustainability, particularly for underrepresented communities.

This funding opportunity provides financial support to New Mexico-based small businesses that have received federal SBIR or STTR awards, helping them commercialize innovative technologies and grow their operations in key industry sectors.

This funding opportunity supports innovative projects that improve mental health and social well-being in rural communities across the Mountain West, targeting local organizations and individuals with creative solutions to address mental health care challenges.

This program provides financial support to LGBTQ+-owned and allied restaurants, cafes, and bars to help them thrive and recover.

This program provides free educational resources and personalized support to aspiring and existing food industry entrepreneurs in San Juan County, New Mexico, to help them grow and sustain their businesses.

This funding opportunity provides financial assistance to small for-profit businesses in Northern New Mexico to help them grow, diversify revenue, and create jobs through critical purchases and services.

This program provides financial and marketing support to tourism-related events in New Mexico that attract visitors and promote the state's cultural experiences.

This grant provides funding for innovative projects that enhance tourism and create engaging experiences in Albuquerque, targeting local organizations and businesses that attract visitors and promote the city’s appeal.

This grant provides financial support to nonprofit arts and cultural organizations in Albuquerque to create projects that enhance access to diverse cultural activities for historically underserved communities.

This grant provides funding to local organizations in underserved states and territories to implement educational programs that encourage youth aged 10 to 19 to avoid non-marital sexual activity and promote healthy life choices.