Paycheck Protection Program Loan Forgiveness Application. Click here
NM Economic Development Department provides personal service to businesses through help line
The New Mexico Economic Development Department (EDD) is assisting businesses with financing options so they can maintain operations as part of an effort by Gov. Michelle Lujan Grisham to respond aggressively to the economic dislocations caused by the unprecedented COVID-19 public health emergency. Click here to read more
Tribal Relief COVID-19 Funding. Click here to read more
City of Rio Rancho COVID-19 Economic Recovery Information Hub. Click here to read more.
A list of resources provided by the Regional Rio Rancho Chamber of Commerce. Click here to read list.
State Launches “Buy for Tomorrow” Website
The New Mexico Economic Development Department has launched a website that pairs shoppers with products and services in a “Buy for Tomorrow Today” campaign to help sustain businesses through the COVID-19 health emergency. Click here to read more.
COVID-19 Economic Response
Economic Rapid Response Task Force
The New Mexico Tourism Department forged a cross-agency collaborative in partnership with the Office of Governor Michelle Lujan Grisham, the Economic Development Department, and the Department of Workforce Solutions to respond to the New Mexico business community during this challenging time. Click here to read more.
NMEDD COVID-19 Business Loan Guarantee
The New Mexico Economic Development Department (EDD) has created a program to assist businesses seeking emergency loans or lines of credit to deal with negative economic impacts from COVID-19.
EDD can guarantee a portion of a loan or line of credit up to 80% of principal or $50,000 for up to 2 years. Loan proceeds are flexible and can be used for (and not limited to) the following: working capital, inventory and payroll.
COVID-19 Information and Resources for Businesses. Click here for more information
Anyone wishing to engage in business within the unincorporated areas of Sandoval County must file a registration form with the Sandoval County Clerk’s Office and obtain a valid business license. Click here for more information.
Small Business Development Centers
The New Mexico SBDC’s provide small business assistance with planning, marketing, financing, small business start-up, entrepreneur training, and other specialized areas to help grow and strengthen businesses in New Mexico.
Whether you have an established business or want to start a new one, you can obtain no-cost confidential assistance in these areas:
- Business Expansion
- Business Start-up
- Business Plan Development
- Accounting / Bookkeeping
- Tax & Legal Resources
- Human Resource Issues
- Government Contracting
- International Trade
- Buying and Selling a Business
Accion New Mexico • Arizona • Colorado is an award-winning nonprofit organization dedicated to providing the tools you need to operate, grow or start your business. We increase access to business credit, make loans and provide training to help entrepreneurs realize their dreams and to help businesses thrive. Accion empowers people to be catalysts for positive change – one small business at a time.
WESST is a statewide small business development and training organization committed to growing New Mexico’s economy by cultivating entrepreneurship. Founded in 1988 as a 501(c)3 nonprofit WESST has nurtured the entrepreneurial dreams of thousands of New Mexicans by providing training, technical assistance and access to capital.
In 1994, WESST expanded from its single location in Albuquerque to its current statewide structure. Today, our small business development and training network includes Enterprise Centers in Albuquerque, Rio Rancho, Santa Fe, Las Cruces, Roswell, and Farmington, New Mexico. Each of WESST’s six Enterprise Centers are funded in part by the U.S. Small Business Administration through its Women’s Business Center program.
- High Value Business Workshops and Training
- Starting a business
- Marketing and business development
- Internet marketing and search engine optimization
- Accounting and finance
- Business Consulting
- WESST staff consultants
- Strategic Advisors and volunteers
- Business Incubation
- Low-cost loans from $250 to $50,000
- Other Programs
- Youth Individual Development Accounts (IDA)
- Refugee Loan Program
- Comcast Digital Media Studio