Business Finance Resources
Access to capital is key to starting, growing, and sustaining a business. The City of Santa Fe partners with state, regional, and Tribal programs to help connect businesses with funding opportunities, ranging from grants and incentives to technical assistance and access to lending.
New Mexico Economic Development Department (NMEDD) Programs
Administered by the New Mexico Economic Development Department, these statewide tools offer funding and support for business growth and job creation:
Local Economic Development Act (LEDA) – Project-based funding for businesses creating economic-base jobs.
Job Training Incentive Program (JTIP) – Covers a portion of wages and training costs for new employees.
Collateral Assistance Program – Helps businesses qualify for loans by providing additional collateral support.
State Finance Tools – Includes industrial revenue bonds, loan participation, and other development financing.
Local & Regional Resources
Regional Development Corporation Micro-Grants – Early-stage grants for small businesses in northern New Mexico.
Finance Fairs – Quarterly events connecting businesses to lenders, grant programs, and capital providers.
Grants and Matching Funds – Local programs for equipment, marketing, or facility improvements.
TEAMS Program – Technical assistance and mentorship matching for startups and small businesses.
Tribal Business Support – In partnership with Tribal governments and the UNM Rainforest, supporting Native entrepreneurs.
Coming Soon
SPUR Program – A business development tool under design to support project-ready growth.
Crime Mitigation Grant – In development to help local businesses invest in safety-related improvements.