OZ – Business

Financial Resources:

Investments made into an OZ project must be made with a qualified OZ Fund. We compiled a list of OZ funds HERE. You can also access Novogradac’s comprehensive list of OZ funds HERE.

If you need additional financing sources, NM has plenty of other funding opportunities!

• FundIt-Small Business
• NMEDD $ Resource Map
• NMEDD Finance Development Team
  • LEDA
  • Job Training Incentive Program
  • New Markets Tax Credit
  • Collateral Assistance Program
• NMEDD Office of Science and Technology
  • Innovation Vouchers
  • SBIR Matching Grant
  • NM-Technology Transfer Assistance Grant
• Finance New Mexico
• New Mexico Finance Authority
• NMEDD Resource Directory
• Equity Funds
• NMEDD Finance Development Webinars

As well, private and community foundations can be a unique source of funding:

• New Mexico Community Foundation Alliance

Technical Assistance:

NM has numerous helpful organizations capable of assisting businesses with start-up, planning, expansion and overall project development. Here are a few:

• NMSBA
• MEP
• SBDC
• SCORE
• WESST
• Grow New Mexico

National Technical Assistance Organizations

• The Governance Project
• Accelerator for America
• Economic Innocation Group
• Milken Institute

NM’s Certified Business Incubators:

• Navajo Tech Innovation Center
• Taos County Economic Development Center
• Arrowhead Center
• South Valley Economic Development Center
• WESST
• Santa Fe Business Incubator
• San Juan College Enterprise Center
• The BioScience Center

Have a project in an OZ?

Submit a business project to the NMEDD OZ Project Portal. We can help connect you to the resources you need. Your project will be vetted and sent out to our group of funding entities, investors, and business resource providers.

Connect with NMEDD in your region:

NMEDD’s Community, Business & Rural Development Team (CBRDT) or “regional reps” are located in the regions they serve in every corner of the state. They assist communities and businesses in a broad variety of economic development needs. They can assist you if you have questions about OZs and connect you to resources.

NM OZ Forum, Stay tuned!

Attend an open public forum to learn about OZs and connect with NM’s OZ network of resources. NMEDD is working with the NM SBDC and SBA to host a forum in May, 2020! Make sure you are signed up for the OZ email list to receive more information.