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Grants to New Mexico Small Businesses in Eligible
Areas to Support Operations and Build Capacity

Micro-Grant Fund

Agency Type:

Foundation / Corporation

Funding Source:

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Regional Development Corporation (RDC)

Deadline Date:

05/01/21 5:00 PM

Description:

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Grants of up to $2,000 to New Mexico small business in eligible locations to sustain operations and build capacity. Funding is intended to promote the development of local small businesses by supporting growth and diversification and creating jobs for those who want to remain in the area. Eligible applicants are headquartered in Sandoval, Santa Fe, Los Alamos, San Miguel, Mora, Rio Arriba, or Taos county. Awards are to be used to complete a project by procuring specialized software or services or company equipment that will move the business forward.

Grants are available to small businesses that have an immediate need for a small amount of funding to sustain the company and/or to move it to the next level, and/or add jobs. A Micro-Grant assists companies that may not be eligible for other types of funding, or are not aware of available funding sources. 

Awards are intended to provide small infusions of capital that allow a business to diversify, sustain or grow revenue, leverage other investments, and put proper systems in place that lead to growth in order to create opportunities for job seekers who want to stay in the region. The RDC provides technical support and information on other funding opportunities to all applicants.

GrantWatch ID#:

GrantWatch ID#: 195546

Estimated Size of Grant:

Award Size: $500 - $2,000

Term of Contract:

Projects must be completed in 6 months or less from the date of the grant agreement.

Additional Eligibility Criteria:

Small businesses of any type, size, or stage may apply. Applicants in rural areas of the RDC’s seven-county service region will be given preferential consideration, as will applicants that have not previously been awarded an RDC grant or no-interest loan. To be eligible, applicants must:
- Be a for-profit company with a business license, business bank account, and CRS identification number
- Be headquartered in Sandoval, Santa Fe, Los Alamos, San Miguel, Mora, Rio Arriba, or Taos county
- Submit a fully completed Micro-Grant Fund application by the published deadline
- Have a specific project in mind with well-defined goals and tasks that will move the company forward and can be completed in 6 months or less from the date of the grant agreement.

Proposals relating to gaming, tobacco, or illegal activities will not be funded.

Micro-Grant funds are not available for general business expenses such as rent, utilities, inventory, insurance, or salaries.

Pre-Application Information:

Applications are due by 5 pm on May 1, 2021. Applications will be reviewed during the first week of May and awardees notified by mid-May.

Payment is not made upfront but only once purchases are completed and approved. NOTE: Awards will not be made until early May. Needed purchases listed in an application can not be bought before an award is made and a signed agreement is in place.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Upload the application: https://www.rdcnm.org/application-upload

Direct questions to info@rdcnm.org

Regional Development Corporation
706 Bond Street
Española, NM 87532
(505) 820-1226

URL for Full Text (RFP):

Geographic Focus:

USA: New Mexico: Sandoval, Santa Fe, Los Alamos, San Miguel, Mora, Rio Arriba, or Taos County

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