Financial Assistance

A hub of programs designed to help grow a business: the Job Training Incentive Program (JTIP), the Local Economic Development Act (LEDA), the NM Small Business Assistance (NMSBA) lab program, Finance New Mexico, and SBA funding.

Programs Designed to Grow your Business

Job Training Incentive Program (JTIP): funds classroom and on-the-job training for newly created jobs; reimburses 50-75% of wages and custom training costs

Local Economic Development Act (LEDA): public-private partnerships; 83 communities enacted since 2002

New Mexico Small Business Assistance (NMSBA): Los Alamos/Sandia labs; $57.9M to 2,797 businesses, 7,853 jobs

Finance New Mexico: business knowledge and resources since 2007; Grow It! initiative; Biz Calendar

Small Business Administration (SBA): loans, investment capital, disaster assistance, surety bonds, grants

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