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LEADERSHIP
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B. FINANCIAL RESOURCESB-1. Venture Capital Financing ARCH Ventures has partnered with entrepreneurs, academic institutions, and national research laboratories nationwide to build more than 110 successful companies, many of them from the concept stage. Interests include: communications, computer related, electronics and instrumentation, software, industrial products and equipment, medical/health related. PHONE: (505) 843-4293 Valley Ventures is an institutionally funded venture capital partnership with over $70 million under management. The general partner is a team of experienced venture capitalists and managers dedicated to the achievement of superior investment returns by investing in and assisting emerging growth companies in the greater Southwest. In addition to providing capital to growing companies, Valley Ventures assists management in strategic planning, management development, accessing key industry experts and advising on capital formation events. Valley Ventures has offices in Phoenix, Tucson and Albuquerque. PHONE: (505) 843-4054 Murpree Venture Partners is an early-stage private equity firm that makes investments in entrepreneurial enterprises with high-growth potential. The firm seeks to align itself with entrepreneurs and management groups with whom we can develop strong working relationships, and with whom we can act in concert as owners/investors. Interests include all high-tech initiatives, interests do not include: real estate, oil and gas, retail and consumer. PHONE: (505) 843-4277 Red River Ventures is a Dallas-based private equity fund investing in privately-held growth companies, mainly in Texas and the Southwest. Our approach is to partner with strong management teams and actively assist them in building successful and enduring businesses. Interests include: business services, education, healthcare, manufacturing and technology. PHONE: (505) 843-4275 Technology Funding has co-invested with more than 100 venture capital firms and institutions, including AT&T, Kleiner Perkins Caufield & Byers, Hewlett-Packard, Goldman Sachs, Sequoia Capital, Deutsche Telecom, Hambrecht & Quist, Time Warner, Morgan Stanley, IBM, Mayfield Fund, Qualcomm, Mohr Davidow, Nokia, Softbank, Apax Partners, Fujitsu and New Enterprise Associates. Interests include: medical devices, diagnostics, biotechnology, medical information systems, healthcare services. PHONE: (505) 982-2200 Tullis-Dickerson & Co., Inc provides venture capital to health care companies at all stages of growth. Founded in 1986, the firm has raised four health care venture capital funds totaling approximately $400 million. Interests include: medical and health-related and genetic engineering, will not consider real estate, natural resources and most consumer products. PHONE: (505) 982-7007 NM State Investment Office: State funds can be invested in New Mexico companies if the company has a BBB bond rating or a BAA rating with a credit letter from a bank. PHONE: (505) 424-2500 PHONE: 505-246-2882
B-2. Small Business Loan Providers Accion New Mexico is a non-profit organization that provides small business loans to the smallest of businesses, with particular emphasis on traditional sources of credit. ACCION New Mexico offers loans between $250 and $25,000 to both formal and informal businesses, home-based and storefront. PHONE: (505) 243-8844 WESST Corp specializes in start-up assistance for women and minority-owned businesses throughout New Mexico via training, consulting and micro-lending. PHONE: (505) 848-4753 Enchantment Land Development Company assists local small businesses via SBA Loan Programs. Specific guidelines must be met in order to qualify for financial assistance. PHONE: (505) 843-9232 New Mexico Community Development Loan Fund extends alternative lending and technical assistance to small businesses. PHONE: (505) 243-3196 Main Phone: (505) 946-2500 Locations: 1602 St. Michaels Drive Email: jbaca@nmb-t.com
B-3. Other Assistance to Offset Business Cost PHONE: (505) 827-0300 Rural Job Tax Credit provides tax credit of up to $1000.00 per employee per year. Holder may apply all or a portion of the tax credit against: tax liability; personal income tax liability; corporate income tax liability. PHONE: (505) 827-0300 Statewide Job Training Partnership Act provides classroom and on-the-job training for disadvantaged individuals, older and dislocated workers. Pays for 50% of wages, up to 1,040 hours. PHONE: (505) 827-7434 New Mexico Department of Labor administers two programs that are especially appealing to employers by benefiting their bottom line through tax credits. The programs include:
PHONE: (505) 827-7434 Albuquerque Community Foundation is a non-profit, publicly-supported philanthropic institution that manages a pool of charitable funds whose income is used to benefit the Albuquerque community in scholarships to individuals and grants to nonprofit charitable and educational organizations. PHONE: (505) 883-6240 Technology Jobs Tax Credit: Qualified facilities may take a credit equal to 4% of expenditures related to qualified research for land, buildings, equipment, computer software and upgrades, consultants, technical books and manuals, test materials, costs associated with patents, payroll and labor. Credits are not available for investments in property owned by entities with Industrial Revenue Bonds and other investments that have been given a credit under the Investment Credit Act or national laboratories. PHONE: (505) 827-0300 Investment Tax Credits: The state provides for a credit equal to 5% of the value of qualified equipment and other property used directly and exclusively in a manufacturing operation. The credit can be applied against compensating or gross receipts tax or withholding tax due. PHONE: (505) 827-0300 Rural Job Tax Credit: Eligible employers may earn a credit for each qualifying job created after July 1, 2000. The credit may be applied against the state taxes due on the CRS return excluding local option gross receipts taxes or against personal or corporate income tax. PHONE: (505) 827-0300 B-5. Assistance for Minority Businesses Minority Business Loan Guarantees: Small Business Administration (SBA) Pre Qualification Program for women and minorities, including Hispanic businesses. PHONE: (505) 346-7909 SBA 8(a) Program: Set asides by the federal government for contracts to small minority businesses, socially and economically disadvantaged individuals. PHONE: (505) 346-7909 NEDA Business Consultants, Inc is New Mexico's Statewide Minority Business Development Center funded by the Minority Business Development Agency (MBDA) of the U.S. Department of Commerce. With offices in Albuquerque, NM, and El Paso, TX, NEDA provides a wide range of services and is available to assist small and minority business owners in achieving their full potential. PHONE: (505) 843-7114 The Bureau of Indian Affairs Direct Loan Program provides loans to eligible Pueblo and individual Indian enterprises which are located on or near Indian reservations. If located near a reservation, the business must make an economic contribution to that reservation. PHONE: (505) 766-3156 The Bureau of Indian Affairs Guaranteed Loan Program provides loans to eligible Pueblo or individual Indian enterprises. BIA requires that applicant have 20% equity in the form of cash or unencumbered assets to be used in the proposed business. PHONE: (505) 766-3156 WESST Corp specializes in start-up assistance for women and minority-owned businesses throughout New Mexico via training, consulting and micro-lending. PHONE: (505) 848-4753 Next>> C. Marketing Assistance
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RESOURCES
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