It will also keep your business documents organized in an easy-to-use dashboard. FUSE Makerspace is open to the public part of theInnovateABQcampus, offering memberships for individuals and small business to grow their businesses, prototype new products, and learn in a collaborative environment. It is not just Americans and locals starting small businesses in New Mexico. The state is a huge attraction for international entrepreneurs and foreign-born people, with a significant number of immigrant entrepreneurs that have decided to call New Mexico their place of New Mexico Small Businesses Near Me .
Access to the unique expertise and capabilities of Los Alamos and Sandia national laboratories and partner resource providers. The IGNITE Community Accelerator is a 10-week program that provides entrepreneurs with the business skills needed to move their companies forward, faster. The goal of the program is to provide training and support to entrepreneurs who are in the early stages of developing their business (non-tech based startups). CNM Ingenuity supports the amazing entrepreneurs that are in our community and we are committed to helping them build great businesses that create jobs in New Mexico. We offer a variety of programs that provide entrepreneurs with the knowledge, power, resources and network they need to be successful. SBAExpress.Loans is driven by the goal of providing a transparent understanding of the SBA Express loan process and documentation requirements for small business owners looking for fast access to capital to help them grow their businesses.
Seek out and maintain delivery systems that allow it to act as a cost-effective conduit of capital. Since 2001, capitalization of the NMSBIC has been increased several times and is now at two percent of STPF. In 2020 small businesses in New Mexico hit 156,996, as the number increased from the previous year by 2,192 (1.41% increase). In 2019 there were 154,804 small businesses which were 547 more than the state had in 2018 (+0.35% increase).
NMSBIC operates on a fiscal year beginning July 1 and ending June 30. It is managed by a board of directors consisting of six members appointed by the Governor, in addition to the State Treasurer and the State Investment Officer or their designees. Preserve and protect the capital base entrusted to it by maintaining a diversified portfolio that mitigates investment and lending risks, while being mindful of the targeted economic development investment role mandated by legislation.
If your small business needs a little assistance to get the capital you need to operate, keep reading. If your small business is still in the formation phase, our New Mexico LLC Formation Services or Corporation Formation Services can help you get started. If you’re looking for information about federal taxes, head over to our page on federal taxes for small businesses. Furthermore, failure to properly and timely file your tax returns can result in severe consequences for your business.