albuquerque economic development logo

OUR BUSINESS IS YOU

AED’s Existing Business Development program assists local companies with expansion needs.

RESOURCES FOR EXISTING BUSINESes 

AED’s Existing Business Development team assists economic base businesses in the Albuquerque metro area with their expansion plans, connecting them to the tools and resources they need to succeed. Whether your firm needs assistance with financing, workforce training, or state and local incentives, a member of AED’s Existing Business Development team should be your first call.

AED'S EXISTING BUSINESS DEVELOPMENT TEAM

We can help you learn about the incentive programs including the Job Training Incentive Program and Industrial Revenue Bonds, and tax credits for high-wage jobs, technology jobs, manufacturing investment, alternative energy investment and more. After learning about your business and its goals, we also can connect you to the right resources and make meaningful business-to-business referrals.
Technical Assistance
  • Sandia National Laboratories (Regional Small Business Partnering)
    Sandia provides technical and business assistance services to New Mexico’s small businesses (generally defined as any with 500 employees or fewer). Small businesses can qualify for research hours valued up to $20,000 in rural counties or $10,000 in Bernalillo County. Click here to view the Sandia National Laboratories website. 
  • New Mexico Manufacturing Extension Program (MEP)
    New Mexico MEP is part of a national network that provides technical and business resources to manufacturers who are prepared to expand their capabilities and increase profitability. New Mexico MEP has an experienced technical staff with more than 250 years combined experience in areas that include: Lean Manufacturing, Quality Systems, Supply Chain Management, Business Planning, and Technical Standards. New Mexico MEP delivers comprehensive solutions to help strengthen the company’s local and global competitiveness. The program is affiliated with the National Institute of Standards and Technology (NIST). Click here to view the New Mexico Manufacturing Extension Program website. 
  • WESST
    WESST Corp provides business skills training, product marketing/development opportunities and financial assistance to viable start-up and existing businesses throughout New Mexico. Financial assistance is provided through a micro-loan fund. I addition, WESST Corp is an SBA approved intermediary with staff qualified to aid clients in obtaining SBA or other loans. Through training programs that include classes and individual consulting, they help entrepreneurs make informed decisions, set realistic goals, create business and marketing plans and apply for loans. Click here to view the WESST website. 
  • Quality New Mexico
    Quality New Mexico has the tools to equip New Mexico businesses/ organizations to successfully accomplish their mission and achieve their vision. Quality NM is a not-for-profit service organization fostering and promoting performance excellence to all New Mexico businesses and organizations. Click here to view the Quality New Mexico website.
State & Local Government
Financing/Taxes
  • Enchantment Land Certified Development Company (ELCDC)

    The ELDC administers the SBA-504 loan program in New Mexico. Loans can be obtained for land, buildings and equipment. Simply put, the small business puts up a minimum of 10 percent, the SBA provides up to 40 percent at a fixed rate, and your bank provides the remaining 50 percent. Your bank becomes the first lien holder. Click here to view the Enchantment Land Certified Development Company website.

  • Capital Certified Development (Capital CDC)

    Capital Certified Development Corporation (Capital CDC) is a leading private, non-profit provider of business financing solutions throughout New Mexico.Click here to view the Capital Certified Development website.

  • DreamSpring (formerly Accion New Mexico)
    DreamSpring provides access to business credit and training for entrepreneurs and is known for “micro-lending.” The organization provides loans from $500 to $50,000 in many New Mexico communities and recently began a significant expansion with $2.5 million provided by the New Mexico Small Business Investment Corporation, a state-chartered entity charged with filling capital gaps for business in New Mexico.  Click here to view the DreamSpring website.
  • The Loan Fund
    Formed in 1989, the New Mexico Community Development Loan Fund is a private, tax-exempt organization that provides loans, training and business consulting to entrepreneurs, business owners and non-profit organizations throughout the state and the entire Navajo Nation. Their services support the efforts of low-income individuals and their communities to achieve self-reliance and control over their economic destinies.  Click here to view The Loan Fund website.
Training/Education
Other Partners
  • Sandia Science & Technology Park (SSTP)
    The Sandia Science & Technology Park is a 300+ acre internationally recognized technology community affiliated with Sandia National Laboratories (SNL) and adjacent to Kirtland Air Force Base (KAFB). Resident companies and organizations have easy access to world-class facilities, technologies, scientists, and engineers. Currently 33 companies and organizations and more than 2,000 employees reside at the Sandia Science & Technology Park.Click here to view the Sandia Science & Technology Park website.
  • PNM Economic Development Department
    PNM’s Economic Development Department can provide businesses with detailed electricity cost estimates based on projected usage and site-specific power system designs to meet customer load and reliability requirements. In addition, they can provide assistance in addressing power-quality issues, assistance qualifying for best available rates and help with regulatory compliance and environmental permitting.Click here to view the PNM Economic Development Department website.
  • Procurement Technical Assistance Center (PTAC)
    Administered by the Department of Defense Logistics Agency, PTAC provides government procurement assistance to small businesses.PTAC’s business advisors are experienced in government contracting and offer a wide range of services, including individual counseling and training to enable businesses to successfully compete for government contracts. Click here to visit the New Mexico PTAC website.
  • New Mexico Workforce Connection – Workforce Innovation & Opportunity Act (WIOA)
    WIOA was enacted with the intent to insure that all Americans have the training they need to qualify for good jobs and to successfully manage their careers.WIOA can assist employers with their training needs though customized and on-the-job training. Click here to view the New Mexico Workforce Connection – Workforce Investment Act website.