Information about finding help for small businesses.
The following websites offer more resources for small businesses.
This website allows small businesses to post information about their products and services and obtain information about becoming suppliers for state and federal government and large businesses.
eMercadoNM was founded by the Albuquerque Hispano Chamber of Commerce and Sandia National Laboratories.
New Mexico Manufacturing Extension Partnership
Manufacturers, large and small, can take their problems to New Mexico Manufacturing Extension Partnership (New Mexico MEP) and find expertise in technology and business practices. The service network addresses efficiency, waste, international certifications, and 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).
New Mexico MEP project managers include engineers, process specialists, and manufacturing managers. The partnership is also associated with a network of laboratories, colleges and universities, and economic development agencies.
New Mexico MEP specialists can help integrate small suppliers into the resource networks of large customers and prime contractors. 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.
New Mexico Small Business Assistance Program (NMSBA)
Assistance is used in the form of researcher hours valued up to $20,000 for businesses located in rural NM counties and $10,000 for businesses located in Bernalillo County. To qualify for the assistance the business must be for-profit, located in New Mexico, have less than 500 employees, and be U.S. owned and operated.
The Albuquerque chapter of SCORE, established in 1976, provides free expertise to small businesses by volunteer counselors. SCORE also presents workshops and seminars, Small Business Administration
The New Mexico District Office offers information on small business loans, grants, bonds and other financial assistance. The Albuquerque District Office is at 625 Silver SW, Suite 320. (505) 248-8246.
Small Business Development Centers
The Albuquerque Small Business Development Centers are a source of free, confidential information to small business people and aspiring business owners. They’re two of 21 around the state sponsored by the state of New Mexico and the federal SBA.
Albuquerque has two SBDCs at 2501 Yale Blvd. SE, Suite 302, and 1309 4th Street SW, Suite A. They offer individual counseling in business start-up or acquisition, business liquidation or sale, government procurement, marketing and sales, sources of capital, research and development and international trade.
The center offers training in business planning, market research, basic bookkeeping, cash-flow analysis and financial statements. And the center also has a business resource library, which includes sample business plans, textbooks, industry guides, periodicals, handouts and online resources.
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.
South Valley Economic Development Center The South Valley Economic Development Center is a collaborative effort between Bernalillo County and the Rio Grande Community Development Corporation, dedicated to helping new and existing small businesses in the South Valley and beyond. The SVEDC provides a commercial kitchen, business incubator and economic development.
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.
Technology Ventures Corporation (TVC)
TVC was founded by Lockheed Martin as a non-profit corporation to commercialize new technologies and create jobs.
TVC helps technology companies develop their business cases and management capabilities. TVC managers work individually with executives to hone their skills and to present them to the investment community. Regularly scheduled classes give small business owners an opportunity to learn how to obtain investor interest and funding. TVC has specialized areas of support in market research, market planning, human resource issues and Intellectual Property review as well. See also Finding Loans and Investors.
WESST (Women’s Economic Self-Sufficiency Team)
WESST is a statewide, nonprofit economic development organization that helps women and minorities start and grow businesses. Services – business consulting, business training and loans -- are available to any New Mexico resident.
In 2006 WESST opened the WESST Enterprise Center, a small business incubator in the downtown area. Funded by the City of Albuquerque and the U.S. Economic Development Administration, with private-industry partners, the incubator will lease space at modest fees for up to three years to about 30 small businesses. It will also provide training rooms, technical assistance and light manufacturing space. A primary focus will be on digital media production and artisan manufacturing. Other targeted businesses will be light manufacturing, and professional, technical and service businesses.
WESST also operates MARKETLINK, a sales and marketing training program that helps carefully screened artisan entrepreneurs with viable products gain access to larger markets. MARKETLINK's website, www.wesstartisans.com helps New Mexico artisans sell their products.