Small Business Grants in New Mexico
New Mexico's unique blend of cultures, federal research laboratories, and natural resources creates a distinct business environment with opportunities not found in many other states. The presence of Sandia National Laboratories and Los Alamos National Laboratory makes New Mexico a particularly strong state for technology transfer and research-based businesses. The state's growing renewable energy sector, thriving arts community, and film industry expand the grant landscape further.
Economic Overview
New Mexico has approximately 170,000 small businesses employing over 280,000 workers. The economy spans federal research and defense, oil and gas, renewable energy, tourism, agriculture, and film production (New Mexico has become a major filming destination). The state's national laboratories create extensive technology transfer and research collaboration opportunities for small businesses. Operating costs are generally affordable compared to neighboring states.
State Grant Programs
The New Mexico Economic Development Department offers the LEDA (Local Economic Development Act) fund, Job Training Incentive Program (JTIP), and various tax incentives including the Technology Jobs and Research & Development Tax Credit. The New Mexico Small Business Investment Corporation provides financing. The state's film tax credit (25-35%) attracts production spending. The NM SBDC has offices across the state. Sandia and Los Alamos national labs have active small business partnership programs and SBIR/STTR mentoring.
How to Apply
Visit the NM Economic Development Department website. If your business has a technology component, explore partnerships with Sandia or Los Alamos through their small business offices. The JTIP workforce training program is one of the most generous in the country. Contact the NM SBDC for free advising. Register at SAM.gov for federal grants.
Featured Opportunities63 Active
Award Amount
$4,000 - $4,000
NASE Growth Grant
Award Amount
$10,000 - $50,000
Amber Grant for Women
Award Amount
$275,000 - $305,000
NSF SBIR Phase I (America's Seed Fund)
Award Amount
$10,000 - $500,000
USDA Rural Business Development Grants
Award Amount
$1,000 - $10,000
Skip Monthly Business Grants
Award Amount
$5,000 - $25,000
IFundWomen Universal Grant Application
Award Amount
$10,000 - $10,000
Verizon Small Business Digital Ready
Award Amount
$10,000 - $10,000
Venmo Small Business Grant
Award Amount
$50,000 - $275,000
DOD SBIR Phase I
Award Amount
$150,000 - $293,297
NIH SBIR/STTR Phase I
Award Amount
$50,000 - $200,000
DOE SBIR/STTR Phase I
Award Amount
$50,000 - $100,000
EPA SBIR Phase I
Award Amount
$75,000 - $750,000
USDA Value-Added Producer Grant
Award Amount
$2,500 - $1,000,000
USDA Rural Energy for America (REAP)
Award Amount
$600,000 - $5,000,000
EDA Public Works Program
Award Amount
$150,000 - $2,500,000
EDA Economic Adjustment Assistance
Award Amount
$250,000 - $2,000,000
EDA Build to Scale (Venture Challenge)
Award Amount
$75,000 - $150,000
SBA Growth Accelerator Fund Competition
Award Amount
$50,000 - $4,500,000
SBA HUBZone Program
Award Amount
$50,000 - $4,500,000
SBA 8(a) Business Development Program
Award Amount
$50,000 - $4,500,000
SBA Women-Owned Small Business Contracting
Award Amount
$5,000 - $25,000
Hello Alice Small Business Growth Fund
Award Amount
$20,000 - $20,000
Allstate Main Street Grants (Hello Alice)
Award Amount
$10,000 - $50,000
Fund Her Future Grant (H&R Block)
Award Amount
$1,000 - $15,000
Kiva 0% Interest Microloans
Award Amount
$15,000 - $25,000
Amazon Business Small Business Grant
Award Amount
$2,000 - $350,000
Google for Startups Cloud Program
Award Amount
$20,000 - $20,000
Intuit QuickBooks Small Business Hero
Award Amount
$10,000 - $10,000
Ladies Who Launch Program
Award Amount
$500 - $2,500
Freed Fellowship Grant
Award Amount
$25,000 - $100,000
MassChallenge Accelerator (Equity-Free)
Award Amount
$1,000 - $5,000
Southern Smoke Emergency Relief Fund
Award Amount
$30,000 - $100,000
Cartier Women's Initiative (2027 Cycle)
Award Amount
$10,000 - $50,000
EmpowHer Grant
Award Amount
$7,500 - $7,500
Halstead Grant for Jewelry Designers
Award Amount
$15,000 - $15,000
Girlboss Foundation Grant
Award Amount
$5,000 - $5,000
Red Backpack Fund (Spanx Foundation)
Award Amount
$5,000 - $5,000
Tory Burch Foundation Fellows
Award Amount
$10,000 - $10,000
NAWBO / Mastercard Small Business Grants
Award Amount
$2,000 - $5,000
Second Service Foundation Veteran Awards
Award Amount
$10,000 - $25,000
Hiring Our Heroes Small Business Grant
Award Amount
$5,000 - $50,000
PenFed Foundation Veteran Entrepreneur Program
Award Amount
$25,000 - $25,000
NAACP Powershift Entrepreneur Grant
Award Amount
$25,000 - $25,000
NAACP x L'Oreal Beauty Industry Grants
Award Amount
$10,000 - $20,000
Fearless Strivers Grant (Fearless Fund + Mastercard)
Award Amount
$1,500 - $5,000
First Nations Acorn Fund
Award Amount
$10,000 - $40,000
First Nations Native Food Sovereignty Grant
Award Amount
$10,000 - $50,000
NBMBAA Scale-Up Pitch Challenge
Award Amount
$5,000 - $10,000
SoGal Foundation Black Founder Grant
Award Amount
$5,000 - $5,000
DigitalUndivided Breakthrough Program
Award Amount
$5,000 - $10,000
NDI Small Business Hub (Disability Entrepreneurs)
Award Amount
$5,000 - $25,000
NAACP x BACARDI Backing the B.A.R.
Award Amount
$25,000 - $25,000
NAACP Power Forward Small Business Grant
Award Amount
$5,000 - $15,000
USHCC / Wells Fargo Hispanic Business Grants
Frequently Asked Questions
How can I work with national labs in New Mexico?▼
Both Sandia and Los Alamos have small business offices and SBIR/STTR mentoring programs. They actively seek small business partners for technology development and commercialization. Contact their procurement and technology transfer offices directly.
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