The State Small Business Credit Initiative (SSBCI) Technical Assistance Program will offer workshops and direct assistance to qualifying Very Small Businesses (VSB) and Socially Economically Disadvantaged Individuals (SEDI) owned businesses through financial, legal, venture capital, and emerging fund manager advisory assistance. The department has also issued an RFP for accounting advisory services under this program, with proposals due July 19.
Source: New Mexico Economic Development Department
| SANTA FE, N.M. – The New Mexico Economic Development Department under its Justice, Equity, Diversity & Inclusion (JEDI) Office is launching a new initiative aimed at assisting small, disadvantaged businesses with technical assistance so they can better succeed, Acting Cabinet Secretary Mark Roper announced today. The State Small Business Credit Initiative (SSBCI) Technical Assistance Program will offer workshops and direct assistance to qualifying Very Small Businesses (VSB) and Socially Economically Disadvantaged Individuals (SEDI) owned businesses through financial, legal, venture capital, and emerging fund manager advisory assistance. The department has also issued an RFP for accounting advisory services under this program, with proposals due July 19. The Technical Assistance (TA) program is a vital resource designed to support registered business owners in various critical areas. Part of the program is specifically tailored for businesses interested in venture capital and for emerging fund managers. This program aims to provide the necessary tools and guidance to help these businesses access capital from local lenders and financial institutions, including investment dollars. |
| New Mexico Match Fund With an initial appropriation of $75 million, the New Mexico Match Fund will leverage once-in-a-generation federal funding for infrastructure, research, economic development, energy transition, and other projects that foster healthy communities. The DFA fund will offer three grant opportunities, each with a separate application: Matching Grant – for eligible entities that require additional funding to meet the minimum match requirement for a federal grant. Project Implementation Grant – for recipients of a Matching Grant that require capacity funding to fully implement the associated federally funded project. Federal Compliance Offset Grant – for eligible entities that demonstrate higher project costs due to compliance with federal funding requirements. State agencies, Tribal governments, counties, municipalities, and political subdivisions, including public schools and councils of government, are encouraged to apply. A recording of the comprehensive application process training will be available on the website. Applications are now open and will be awarded on a first-come-first-served basis. Entities with questions can contact MatchFund@dfa.nm.gov. Click Here For More Information |
| BUSINESS RESOURCES: |
| Small Business Grants for Women $10,000 monthly grant for New Mexico businesswomen. At the end of the year, judges will award an additional $25,000 Amber Grant to 1 of the 12 monthly winners. Click for more information Verizon Small Business Digital Readiness Program Free courses, networking, mentorship, and grants for small businesses seeking to improve their engagement with the digital world. Register and complete at least two courses by June 28 to be eligible for a $10,000 grant. Click for more information Women’s Business Center Application Readiness and Procurement Assistance Funds organizations establishing Women’s Business Centers to assist women entrepreneurs with application readiness for certification in the Women-Owned Small Business and Economically Disadvantaged Women-Owned Small Business Programs, procurement assistance, and entrepreneurial development. Deadline August 7. Click for more information The Route 66 Extraordinary Women Micro-Grant Awards up to $60,000 to businesses and attractions, owned or operated by a woman or a group of women, located along Route 66. The program is part of the Road Ahead Partnership’s efforts to celebrate the upcoming Route 66 Centennial. Deadline: August 26. Click for more information Solar Energy Supply Chain Incubator FOA Funds research, development, and demonstration (RD&D) projects that de-risk solar hardware, manufacturing processes, and software products across a wide range of solar technology areas. Activities will support the government-wide approach to the climate crisis through innovative deployment of clean energy technologies. Deadline: October 8. Click for more information |
