New Mexico Small Business Assistance (NMSBA) Program

The New Mexico Small Business Assistance (NMSBA) Program offers technical assistance to New Mexico small businesses. Businesses with a technical challenge that require special expertise can seek assistance from scientists or engineers at Los Alamos and Sandia National Laboratories. Such projects include testing, design consultation, and access to special equipment or facilities. Other types of technical assistance may be provided through the New Mexico Manufacturing Extension Partnership (NM MEP), the Center for Support of Economic Development (CSED) Small Business Assistance Program at UNM Anderson School of Management (offered through the Management of Technology [MOT] concentration), the Department of Management at New Mexico Tech, and the Arrowhead Technology Incubator at New Mexico State University.

Small businesses located in Bernalillo County can receive up to $10,000 in technical assistance per year, while businesses in rural counties can receive up to $20,000. Each lab is eligible for a state tax credit of $2.4 million to assist New Mexico small businesses. The small business must be for-profit, located in New Mexico, US owned and operated, and must pay gross receipts tax to the State of New Mexico.