Learn More about CDFI's and Small Business Resources in New Mexico see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
ACCION New Mexico
Everyone"s Federal Credit Union
Finance New Mexico, LLC
New Mexico Community Capital
New Mexico Community Development Loan Fund
San Juan Tribal Council
San Juan Pueblo
Santa Fe Community Housing Trust
Women"s Economic Self-Sufficiency Team
In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization Program.
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.