Resources and Organizations in New Mexico
New Mexico is richly endowed with a number of organizations focused on aiding entrepreneurs and businesses that operate within the state. There are numerous resources available, some of which are free, so please feel free to review the list below or contact us.
Albuquerque Economic Development (AED)
Albuquerque Economic Development, Inc. is a private, non-profit organization designed to recruit quality companies to the Albuquerque Metro Area and assists with the retention and expansion of existing industry. AED has been in existence for over 40 years, has recruited more than 200 companies to the Albuquerque area and provides extensive business incentive consulting to existing companies.
» Visit the Albuquerque Economic Development website or call 1-800-451-2933
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Bureau of Business and Economic Research (BBER)
BBER at the University of New Mexico conducts economic and demographic research and analysis on the state. The bureau also maintains the Data Bank of census and demographic information and performs contract research.
» Visit the UNM Bureau of Business and Economic Research
City of Albuquerque (CABQ)
The City of Albuquerque maintains a number of online services, including airline flight information, becoming a vendor to the City, information on international trade, filming in Albuquerque, and business incentives.
» Visit the City of Albuquerque website
Coronado Ventures Forum
Coronado Ventures Forum (CVF) was founded in 1994 in response to the need in New Mexico to educate investors and entrepreneurs on the process of early-stage, private equity funding, and to provide a gathering point for these two communities to come together and network.
» Visit the Coronado Ventures Forum website
Enchantment Land Certified Development Co.
This nonprofit corporation administers the SBA 504 Loan Program in New Mexico and provides 20-year, fixed-rate loans with low down payments (10%), for land, buildings and equipment for expanding small businesses. Project sizes range from $120,000 to $8 million. For information call 505-843-9232.
High Tech Consortium of Southern New Mexico (HTCSNM)
Headquartered in Las Cruces, NM High Tech Consortium of Southern New Mexico's vision is to make New Mexico a regional technology leader in the short term and a national center of technical excellence in the long term.
» Visit the High Tech Consortium of Southern New Mexico website
Kirtland Technology Park / Phillips Institute
The Phillips Institute is a government/industry/academia consortium that will be the nation’s premier resource for development, analysis, integration, transition, and transfer of advanced space and directed energy technologies. It will operate in close coordination with the Air Force Research Laboratory (AFRL) directorates located at Kirtland Air Force Base. The Phillips Technology Institute will be more than just a “virtual” consortium of member organizations. AFRL and the Kirtland Air Force Base leadership have established the Kirtland Technology Park to enable consortium members and other interested parties to lease land and construct facilities immediately adjacent to the existing AFRL campus. The Kirtland Technology Park is planned to be a 300 acre development located on base property along Gibson Boulevard, one mile east of the Albuquerque International Airport.
» Visit the Phillips Institute / Kirtland Technology Park website
Metro New Mexico Development Alliance
This is a regional marketing alliance of Central New Mexico communities to support business recruitment and expansion, which maintains an extensive repository of information about communities, available real estate, business and the economy on its web site.
» Visit the Metro New Mexico Development Alliance
New Mexico Angels (formerly New Mexico Private Investors, NMPI)
Inspired by Silicon Valley’s Band of Angels, NMPI is a group of private investors and venture capital companies working together to invest in early-stage, New Mexico technology companies with potential for growth.
» Visit the New Mexico Private Investors website
New Mexico Economic Development Department (NMEDD)
The Economic Development Department’s purpose is to foster a sustained rise in New Mexico’s production of goods and services, which in turn raises the standard of living for New Mexicans. Economic Development is a broad area, and everything from job training, to filmmaking, to international trade, to downtown revitalization, and more falls under their umbrella.
» Visit the New Mexico Economic Development Department website
New Mexico Flying 40
This is an annual awards program that recognizes the 40 fastest-growing technology companies headquartered in New Mexico. Together the 40 companies in 2006 had more than $928 million in annual revenues, up 61 percent from $450 million in 2000, and provided nearly 4,900 jobs, up 87 percent from 2,615 in 2000.
» Visit the Technology Ventures Corp. website
New Mexico Manufacturing Extension Partnership
Manufacturers, large and small, can take their problems to New Mexico MEP and find expertise in technology and business practices. The service network addresses efficiency, waste, international certifications, global supply chains. The New Mexico MEP is one of 50 centers in each state linked through the U.S. Department of Commerce National Institute of Standards and Technology (NIST).
MEP project managers include engineers, process specialists, and manufacturing managers. MEP is also associated with a network of laboratories, colleges and universities, and economic development agencies.
MEP specialists can help integrate small suppliers into the resource networks of large customers, prime contractors and OEMs (Original Equipment Manufacturers). The technical staff can help companies qualify under the most rigorous buying criteria; meet quality, delivery, and cost control objectives; and obtain necessary certifications.
Services include business planning, product development, supply chain development, lean manufacturing, process improvement, quality assurance, information technology management, and international business development.
» Visit the New Mexico Manufacturing Extension Partnership
New Mexico Media Industries Association (NMMIA)
NMMIA was formed to guide NM’s media industries development over the short, intermediate, and long-term, which ultimately created the New Mexico Media Industries Association. Derived from the Governor’s Media Industries Strategy Plan, MISP envisions New Mexico as a globally recognized center of excellence and innovation in the emerging media arts and sciences. The plan's tangible goal is to create a viable, sustainable media industries cluster.
» Visit the Media Industries Strategy Project website
New Mexico Native American Business Development Center
The center provides management and technical assistance to qualified Native Americans to start businesses or improve existing businesses in such areas as business development, capital development, marketing, procurement and contracting, accounting systems and organizational development, and business information systems. A financial analyst can also help clients understand financing, budgeting, and financial statements.
The center also has such online services as F.W. Dodge Reports, Commerce Business Daily, ECRC and GBIS Demographic Software.
» Visit the New Mexico Native American Business Development Center
New Mexico Open Source Users Group (NMOSUG)
New Mexico Open Source Users Group is a special interest group for users of open-source software. It is a community resource, a place to find answers, and a place to share your knowledge and experience with others. Join the NMOSUG mailman listserve to stay on top of trends, meetings and other activities.
» Visit the New Mexico Open Source Users Group - NMOSUG website
New Mexico Optics Industry Association (NMOIA)
New Mexico has long been a world leader in optical technologies and the industry is thriving with new and expanding companies. New Mexico Optics Industry Association (NMOIA) is dedicated to bringing together optics-related businesses, institutions, and professionals to foster the growth of this very important industry in New Mexico.
» Visit the New Mexico Optics Industry Association website
New Mexico Small Business Development Center (SBDC)
Whether you already own a small business or are thinking about becoming an entrepreneur, the New Mexico Small Business Development Center Network can help you climb the ladder of success. The 18 SBDC offices in New Mexico offer FREE management assistance, training courses, and small business resources.
» Visit the New Mexico Small Business Development Center website
Regional Development Corp. (RDC)
The Regional Development Corp. assists Northern New Mexico communities and industry in managing their economic development projects and renewable energy initiatives.
In addition, the RDC hosts the local affiliate of SATOP, the Space Alliance and Technology Outreach Program (SATOP), which provides free technical assistance to small businesses (see entry under Space Alliance and Technology Outreach Program). The RDC is also part of a network of service providers which provides business related support to entrepreneurs and small/start-up businesses
» Visit the Regional Development Corp. website
Sandia National Laboratories, Small Business Assistance Program
Scientists will help a business with up to 500 employees solve short-term technical problems. For assistance with a maximum value of $5,000 there is no charge; they can provide additional help on a fee basis. Sandia also has a variety of formal partnerships with industry, including Cooperative Research and Development Agreements and licensing agreements.
» Visit the Sandia National Laboratories Small Business Assistance Program website
Sandia Science & Technology Park (SSTP)
The Sandia Science & Tech Park is a 200+ acre technology community in located adjacent to Sandia National Laboratories in Albuquerque. Tenants have access to Sandia’s world-class technologies, state-of-the-art facilities, and internationally recognized scientists and engineers. The Park is a pedestrian-oriented, campus-style development with redundant electrical power and a cutting edge fiber optic infrastructure. All property is zoned industrial, and companies can benefit from an accelerated City of Albuquerque approval process for construction. A credit union and daycare center are available as amenities for companies. The Park is managed by full-time, customer-focused staff. Visit here, for a complete list of tenants.
» Visit the Sandia Science & Tech Park website
SCORE (Service Corp of Retired Executives)
The Albuquerque chapter of SCORE, a program of the US Small Business Administration, provides free expertise to small businesses by volunteer counselors. More than 300 counselors have helped more than 10,000 clients in start-up or existing businesses in Albuquerque. You can email a SCORE counselor at mailto:counseling@abqscore.org. SCORE also presents a monthly workshop, "Essentials for Starting A New Business," which covers business plans, management, marketing, tax considerations, insurance, financing, law, record keeping and the SBA. SCORE also offers low-cost business training workshops and seminars on such subjects as writing a business plant, e-commerce and marketing.
» Visit the Service Corp of Retired Executives website
Small Business Administration Business Information Center:
Located in the Albuquerque Hispano Chamber of Commerce complex at 1309 Fourth Street SW, Suite A, the center has on-site counseling by members of the Service Corps of Retired Executives (SCORE) as well as information accessible by computer, plus an extensive small-business reference library of books, periodicals and video tapes. Entrepreneurs can use these resources to plan their businesses, expand an existing business or venture into new business areas.
» Visit the Small Business Administration Business Information Center website or call 505 346-7830.
Small Business Development Centers
The Albuquerque Small Business Development Center is a source of free, confidential information to small business people and aspiring business owners. It’s one of 18 around the state sponsored by the U.S. Small Business Administration, the state of New Mexico and the New Mexico Association of Community Colleges.
Albuquerque has two SBDCs – one at 2501 Yale Blvd SE Ste 302 in Albuquerque and another in the South Valley, located at 1309 4th Street Suite A SW. They offer individual counseling in business start-up or acquisition, accounting, business liquidation or sale, government procurement, marketing and sales, sources of capital, financial analysis, research and development and international trade.
The center offers training in business planning, market research, basic bookkeeping, cash-flow analysis and financial statements. The SBDC doesn’t make loans, but it does work closely with lenders, the SBA and other programs and can help small businesses identify sources of financing and develop proposals.
The center also has a business resource library, which includes sample business plans, textbooks, industry guides, periodicals, handouts and online resources.
» Visit the Small Business Development Center website
Small Business Institute
The Small Business Institute at the University of New Mexico provides free management consulting to Albuquerque area businesses by graduate and undergraduate students enrolled in business management courses at the Anderson Schools of Management.
The program gives students some experience working with small businesses and provides management assistance, expertise and guidance to small businesses. Since 1978, the Institute has served more than 600 businesses.
Clients include start-ups, entrepreneurs, expanding businesses, nonprofits, and family businesses in service, technology, retail, and wholesale sectors.
» Visit the Small Business Institute website
Space Alliance Technology Outreach Program
SATOP helps small businesses apply the technical expertise derived from the U.S. Space Program by offering up to 40 hours of free engineering assistance. Volunteers within space-related industries and organizations, such as White Sands Test Facility in New Mexico, offer their time and expertise to solve problems of small businesses. SATOP has helped companies with such issues as machine design, process engineering and materials selection. SATOP, located in Santa Fe at Regional Development Corp., is a cooperative program between the states of New Mexico, Florida, New York, and Texas.
State Investment Council
This agency administers trust funds for the state of New Mexico. And it’s also authorized to make loans and investments to further economic development in the state.
For a company relocating or expanding in New Mexico, the State Investment Council can participate up to 80 percent in loans of $250,000 to $2 million originated by New Mexico financial institutions and secured by a first mortgage with real property as collateral. Proceeds must be used to buy land and buildings or to refinance debt of an expanding company.
The SIC can buy up to $20 million of investment-grade bonds, notes, debentures or debts (but not commercial paper) when proceeds are used to establish or expand businesses in New Mexico.
The SIC can invest in qualified venture capital funds with a New Mexico headquarters or office. The funds must target investments to New Mexico companies.
And the SIC can invest directly in a New Mexico company with the potential to create or add good jobs, as long as a qualified co-investor, such as a venture-capital fund, also invests. The council can invest in out-of-state companies that move to New Mexico. The state can’t own more than half of a company, and no more than 10 percent of the program’s funds can be invested in any one company.
» Visit the State Investment Council website
Technology Ventures Corporation (TVC)
Technology Ventures Corporation is a not-for-profit, 501(c)3 private foundation, founded by Lockheed Martin in 1993, and funded by both Lockheed Martin and the Department of Energy’s National Nuclear Security Administration (NNSA). The mission of Technology Ventures Corporation is to help startup companies that are developing technology from the national laboratories in California, Nevada and New Mexico.
» Visit the Technology Ventures Corp. website
University of New Mexico Science & Technology Corporation (STC@UNM)
Science & Technology Corporation @ UNM (STC) is a nonprofit corporation formed by and owned entirely by the University of New Mexico (UNM) in 1995 by the Regents of UNM to protect and transfer its faculty inventions to the commercial marketplace. STC licenses innovative technology developed at UNM, including optics, microfluidics, and high performance materials as well as therapeutics, diagnostics, medical devices, and drug discovery tools.
University of New Mexico Science & Technology Park (STP@UNM)
The Science & Technology Park @ UNM is owned and managed by the University of New Mexico. The Park is comprised of 163 acres, 41 of which were developed in Phase 1. Phase 2 has commenced with the development of an additional 42 acres, while future phases will encompass approximately 80 acres.
The Park’s 360,000 square feet of existing research and development space currently houses a number of start-up companies, several of which are the creation of the Science @ Technology Corporation (STC), as well as the University’s training and community clean room, the Manufacturing Training and Technologies Center, which features a six inch process tool line for start-up companies to utilize for prototyping and development, in addition to the Universities teaching mission. For more information about the MTTC please visit the MTTC.
U.S. Small Business Administration
The SBA provides a number of loan-guarantee programs that allow small businesses to gain bank loans. See www.sba.gov or in Albuquerque call (505) 766-1870.
Through the SBA Business Information Center, information is accessible by computer and a reference library of books, periodicals and videotapes.