With more than $6,953.00 million dollars in grants and additional local government funding sources of $6,635.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in New Mexico. There are 36,326 business establishments in the state of New Mexico, and they break down to the following:
New Mexico Business Sector Breakdown by Size:
New Mexico Business Sector Breakdown in Service Industries:
If you are in the farming industry, you may be eligible to apply for small business grants as well. There are more than 21,000 farms in the state of New Mexico.
Starting and managing a small business in New Mexico is not an easy task. Over $21,378,606,000.00 US dollars are paid to employee salaries/payroll alone in the state of New Mexico and more than 6,626 businesses declare bankruptcy every single year. Although the federal government does not publically provide grants for starting and expanding a business, in New Mexico, some small business grants are given to business owners to start and grow their ventures, and grant recipients do not have to pay back the funding from government. Therefore, it makes sense to look into small business grants as one of your sources to fund your business.
To apply for business grants in New Mexico, contact New Mexico financial aid agencies.
|Recipient||Project, Industry, Purpose||Amount|
|Real Mercier amp Maurice Gaudreau
|Project: R&d wheel suspension trailer
Industry: Information Not Available
Purpose: Research & Development / Patents
|Ftc Enterprises Ltd
|Project: Business support
Industry: Agriculture, Forestry, Fishing and Hunting
Purpose: Information Not Available
|Project: Conduct an expansion and extensive renovation to motor inn
Industry: Accommodation and Food Services
Purpose: Expansion Capital
Renovation / Maintenance / Upgrade
|Les Entreprises C Thibeault
|Project: Purchase and expansion of a hardware store
Industry: Retail Trade/ Services
|Project: To acquire music man business 'solistic sound'
Industry: Professional, Scientific and Technical Services