Project Grant ED20AUS3070023

New Mexico Community Capital (NMCC) will leverage partnerships to provide technology training and access to online markets for Native-owned enterprises in central and northern New Mexico under a $1,391,374.60 Project Grant from the Department of Commerce Economic Development Administration (EDA). Specifically, NMCC will implement a three-tier entrepreneurial support strategy utilizing $1.39 million in EDA funding provided under the Economic Adjustment Assistance (EAA) program. Over an 18-month...

This $4.7 million Project Grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program funds the Scale Up New Mexico project led by New Mexico State University's Arrowhead Center. The grant supports expanding the Center's existing innovation and commercialization programming for New Mexico startups over three years from November 2022 to October 2025. Key services include accelerators to help technology startups with commercial potential through activities...

The Minority Business Development Agency (MBDA) awarded $458,247 under the MBDA Business Center cooperative agreement to the City of Albuquerque, New Mexico to deliver technical assistance, training, education, and advisory services to minority business enterprises affected by COVID-19 from July 1, 2022 through June 30, 2023. The award supports the MBDA's mission to promote the growth of minority-owned firms and is funded through the Department of Commerce's MBDA Business Center Federal...

The Economic Development Department New Mexico was awarded a $250,000 Project Grant from the Small Business Administration Office of International Trade under the State Trade Expansion Program. The grant will support the department's efforts to increase the number of small businesses in New Mexico that are exporting and to increase the value of exports for small businesses in the state that currently export. The grant period is from September 30, 2022 through September 29, 2024. As the...

The Street Food Institute in Albuquerque, New Mexico will receive $500,000 through a Project Grant award from the Department of Commerce's Economic Development Administration (EDA) under the Economic Adjustment Assistance (EAA) program. The grant will fund the "Survive to Thrive: New Mexico Food Business Success During COVID-19" program to provide direct assistance to food businesses and their workers impacted by the economic downturn from the pandemic. Services will include helping...

This $7.9 million project grant from the Department of Commerce's Economic Development Administration will support marketing, infrastructure, workforce development and other projects aimed at revitalizing safe leisure, business and international travel in New Mexico. Awarded on November 9, 2021 under the Economic Adjustment Assistance program, the funding will be administered by the New Mexico Department of Tourism to rejuvenate the state's tourism industry in line with the goals of EDA's $750...

The U.S. Small Business Administration (SBA) Office of International Trade awarded the Economic Development Department of New Mexico a $200,000 State Trade Expansion Program (STEP) project grant on Sep 30, 2023. This 2-year funding will support initiatives to increase the number of small businesses in New Mexico engaged in exporting and expand export sales for current small business exporters. Key activities include export training, foreign market sales trips, trade show participation, and other...

The New Mexico Manufacturing Extension Partnership (NMMex) received a $400,000 cooperative agreement award from the Department of Commerce's National Institute of Standards and Technology (NIST) under the Manufacturing Extension Partnership (MEP) program (CFDA 11.611) to provide supply chain optimization services and establish a supply chain intelligence network from June 1, 2023 to May 31, 2025. Under the award, NMMex will enhance existing capabilities by recruiting a supply chain specialist,...

The North Central New Mexico Economic Development District (NCNMEDD) was awarded a $1,210,790 Project Grant from the Department of Commerce Economic Development Administration under the Economic Development Technical Assistance program (CFDA 11.303) to implement the Disaster Recovery Technical Assistance: Coordination for Three High-Need Impacted Counties in North Central New Mexico project. The project, taking place from September 2022 through September 2025, will provide technical assistance...

The U.S. Department of Commerce Economic Development Administration (EDA) awarded a $1 million Project Grant to UNM Rainforest Innovations (UNM RI) on March 31, 2022 under the Economic Adjustment Assistance (EAA) program. UNM RI will provide training, mentoring, and strategy development services to mitigate barriers that have prevented tribal entrepreneurs from starting and growing resilient businesses on reservations and throughout New Mexico. The program aims to help tribal regions recover...