We provide aid to and assist by financial or other means, the spouses and dependents of sworn police and other law enforcement officers and firefighters in New Mexico who lose their lives in the line of duty.
We are helping families and businesses reach their economic potential and build better lives.
We advance our mission by supporting companies through advisory services, targeted coaching, and support for startups, and by providing high-caliber governance through board oversight. Our decades of on-the-ground experience in what the poor need and insights into new technologies set us apart.
Centinel Bank of Taos is a full service financial institution located in Taos, New Mexico — Since 1969 – Founded here, focused here. We’re committed to local banking for this community we call home. As Tos County’s only locally owned and operated community bank, Centinel Bank is invested in our community and invested in YOU. From helping local businesses, families and individuals succeed to supporting local causes, we’re here to make a difference. We’re here to turn help you turn dreams into reality.
dedicated to serving our local communities. Member FDIC, Equal Housing Lender.
DreamSpring is an award-winning, 25 year old nonprofit organization that increases access to credit, makes loans and provides a community of support to help entrepreneurs realize their dreams. DreamSpring proudly serves Arizona, Colorado, Georgia, Nevada, New Mexico, North Carolina and Texas
FatPipe is headed up by a team of business leaders who know the community and know how to bring people together to make things happen – for startups and existing businesses alike.
Finance New Mexico
Venture Acceleration Fund
The Venture Acceleration Fund (VAF) makes investments in early-stage and growth-stage businesses. Established in 2006 as a grant program by Los Alamos National Laboratory LANL), VAF changed in 2014 to include funding payback that is triggered by defined conditions. Under the new protocol, VAF is structured as an interest-free loan, with repayment only if a company is acquired, achieves certain revenue goals or leaves New Mexico within a specified time frame. Payback trigger ensures funds are available to assist additional eligible companies in the future. Read the full terms here: vafnm.org/terms. Companies located in these northern New Mexico counties are eligible: Los Alamos, Santa Fe, Sandoval, Rio Arriba, Taos, San Miguel and Mora.
While VAF is largely funded by Los Alamos National Laboratory and other economic development organizations, which contribute to the total amount available. For example, in 2015, LANL contributed $83,000, New Mexico Manufacturing Extension Partnership (NM MEP) contributed $25,000, Santa Fe County contributed $20,000, and Los Alamos County contributed $16,000 to the $144,000 total fund.
Job Training Incentive Program
New Mexico has one of the most generous training incentive programs in the country. The Job Training Incentive Program (JTIP) 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. Custom training at a New Mexico public educational institution may also be reimbursed.
Who Qualifies: Eligibility for JTIP funds depends on the company’s business, the role of the newly-created jobs in that business, and the trainees themselves. Please read through the eligibility guidelines (see Policy and Procedures below) and then fill out the Eligibility Questionnaire to begin the JTIP application process. A member of JTIP staff will contact you to determine your company’s eligibility and discuss the program in detail.
CONTACT: Patrick Gannon, JTIP Program Manager, (505) 827-2162, Patrick.Gannon@state.nm.us, FY20 Policy/Procedures Manual
The mission of the New Mexico Economic Development Department is to Improve the lives of New Mexico families by increasing economic opportunities and providing a place for businesses to thrive.
Our programs and initiatives support our mission. The New Mexico Partnership is a statutorily-created public-private organization under contract to the department to market the state globally in order to attract new jobs and investment. Department programs provide direct assistance to New Mexico businesses and communities. Programs and services for businesses can be found in the Business Resource Center. EDD also administers several programs that support Community Development.
The State of New Mexico’s fiscal year begins on July 1 and ends on June 30th of each year. During the summer months each state agency compiles a strategic plan of program initiatives, an accompanying budget, and a set of performance metrics that reflect the key work of each of our programs. These documents are submitted to both the executive and legislative branches on September 1. At the end of each fiscal year we report our progress in an annual report. EDD strategic plans, and quarterly and annual reports can be found on our Publications page.
Economic Development Department
Joseph M. Montoya Building
1100 S. St. Francis Drive
Santa Fe, NM 87505-4147
The RDC is a regional economic development organization for Northern New Mexico, focused on creating a diverse and sustainable economy. Our principal service areas are Los Alamos, Rio Arriba, Santa Fe, Taos, San Miguel, Mora and Sandoval counties.
The RDC works collaboratively to create new jobs in the region by strengthening services to businesses and developing the infrastructure, public policy and workforce to support job growth.