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:
- 20,365 registered businesses in New Mexico have 0 to 4 employees. People who work at home with sole proprietorship are included in this breakdown.
- 6,218 registered businesses in New Mexico have 5 to 9 employees.
- 3,992 registered businesses in New Mexico have 10-19 employees.
- 3,352 registered businesses in New Mexico have 20-99 employees.
- 859 registered businesses in New Mexico have 100 to 499 employees.
- Over 1,540 registered businesses in New Mexico have over 500 employees.
New Mexico Business Sector Breakdown in Service Industries:
- 4,812 registered businesses in New Mexico are in the Professional, Scientific and Technical Services sector.
- 1,992 registered businesses in New Mexico are in the Administrative, Support, Waste Management, and Remediation Services sector.
- 4,060 registered businesses in New Mexico are in the Accommodation and Food Services sector.
- More than 4,127 registered businesses in New Mexico are also service orientated businesses but are not categorized to the above sectors.
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, or
Current online applicants in New Mexico are browsing from the following cities: Santa Cruz, LaMadera, Carson, La Luz, Thoreau, Kirtland, Des Moines, Claunch, Torreon, Glorieta
Recent State Funding Opportunities
Below is a list of opportunities recently published in the local state:
| Funding Opportunity |
|---|
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Title V Competitive Sexual Risk Avoidance Education: New Mexico (Apply for HHS 2024 ACF ACYF TS 0098)
Funding Number: HHS 2024 ACF ACYF TS 0098 Agency: Administration for Children Families - ACYF/FYSB Category: Income Security and Social Services Funding Amount: $350,000 |
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FY24 IIJA/IRA Bureau of Land Management New Mexico (NM) Cooperative Inspection Agreements with States and Tribes (Apply for L24AS00267)
Funding Number: L24AS00267 Agency: Bureau of Land Management Category: Natural Resources Funding Amount: $1,200,000 |
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FY24 IIJA/IRA Bureau of Land Management New Mexico (NM) Fuels Management and Community Fire Assistance Program (Apply for L24AS00068)
Funding Number: L24AS00068 Agency: Bureau of Land Management Category: Natural Resources Funding Amount: $1,000,000 |
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FY24 IIJA/IRA Bureau of Land Management New Mexico (NM) Good Neighbor Authority (Apply for L24AS00069)
Funding Number: L24AS00069 Agency: Bureau of Land Management Category: Natural Resources Funding Amount: $1,000,000 |
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FY24 IIJA/IRA Bureau of Land Management New Mexico (NM) Rangeland Resource Management (Apply for L24AS00067)
Funding Number: L24AS00067 Agency: Bureau of Land Management Category: Natural Resources Funding Amount: $1,000,000 |
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FY24 IIJA/IRA Bureau of Land Management New Mexico (NM) Invasive and Noxious Plant Management Program (Apply for L24AS00066)
Funding Number: L24AS00066 Agency: Bureau of Land Management Category: Natural Resources Funding Amount: $1,000,000 |
|
FY24 IIJA/IRA Bureau of Land Management New Mexico (NM) Plant Conservation and Restoration Management (Apply for L24AS00065)
Funding Number: L24AS00065 Agency: Bureau of Land Management Category: Natural Resources Funding Amount: $500,000 |
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FY24 IIJA/IRA Bureau of Land Management New Mexico (NM) Environmental Quality Protection Program (Apply for L24AS00063)
Funding Number: L24AS00063 Agency: Bureau of Land Management Category: Natural Resources Funding Amount: $500,000 |
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FY24 IIJA/IRA Bureau of Land Management New Mexico (NM) Cultural and Paleontology Resource Management (Apply for L24AS00180)
Funding Number: L24AS00180 Agency: Bureau of Land Management Category: Natural Resources Funding Amount: $100,000 |
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FY24 IIJA/IRA Bureau of Land Management New Mexico (NM) Wildlife Program (Apply for L24AS00183)
Funding Number: L24AS00183 Agency: Bureau of Land Management Category: Natural Resources Funding Amount: $135,000 |
Small Business Grants in Local States
Alabama Alaska Arkansas Arizona California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
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