The New Mexico Economic Development Department is accepting applications for its 2025 Capacity Building and Operational Support Grant.
Donor Name: New Mexico Economic Development Department
State: New Mexico
County: All Counties
Type of Grant: Grant
Deadline: 10/30/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
The JEDI Office works to directly address systemic inequities and barriers to entry for New Mexican business owners and entrepreneurs in EDD by supporting and creates programming and business tools to aid the growth of socially and economically disadvantaged businesses.
The JEDI Office is committed to:
- help businesses connect to services, resources, and financing options
- assist business owners as they navigate working with state government
- support and advocate for businesses that generally fall through the cracks
- promote growth for businesses interested in film, outdoor recreation, and science and technology.
Funding Information
$15,000 grants are available for 2025. Grant amount may be used for the following:
- Planning Activities: E.g., organizational assessments, strategic planning, fundraising assessment and development, communications/marketing, contingency/disaster planning, or business planning.
- Board and Leadership Development: May include activities such as leadership training, defining the role of the board, strengthening governance, assistance with executive transition, succession, expanding the diversity of the board and leadership, and search process.
- Strategic Relationships: Technical assistance/consultant support to help organizations work through collaboration and strategic restructuring; positioning for merger or affiliation; or business planning for social enterprise and earned income.
- Internal Operations: Improvements to financial management, internal controls and chart of accounts, human resources, or volunteer management; onboarding new staff, training and technical assistance on quality improvement, or facility planning.
- Technology Improvements: IT capacity through upgrades to hardware and software, cybersecurity, networking, websites, and staff training to optimize the use of technology.
- Developing New Sources for Earned Income: Business planning, contracting, startup costs for a new program, legal services, accounting, or actuarial services.
- Building Evaluation Capacity: developing evaluation plans and train staff and board on outcome evaluation methods and metrics.
- Evidence-Based Program Adaptation or Implementation: Explore, modify, or adapt an existing evidence-based program or service. NOTE: Because of the small dollar amount and short duration of this grant opportunity, it is not intended for the development from scratch, or validation, of a new program or service. This opportunity is intended only for organizations to implement or adapt an existing evidence-based model to an existing program or service within the organization.
- Core/General Operating Uses: To support infrastructure, emerging needs, and salaries of staff involved in the organization’s operations and day-to-day needs. Expenses that are essential for an organization to function.
Eligibility Criteria
Organizations, nonprofits, and for-profit businesses that provide direct services, programming, or tools specifically designed to empower entrepreneurs and foster business sustainability.
Examples of eligible services include:
- Business training workshops (e.g., financial literacy, marketing strategies, legal considerations)
- One-on-one consulting or coaching for business development
- Technical assistance, such as helping businesses with legal, regulatory, or licensing challenges
- Business incubation or accelerator programs
- Support services focused on securing capital or funding for entrepreneurs
This grant is not intended for general business operations, but rather for organizations that directly support entrepreneurs through capacity-building activities and services. Applicants should demonstrate a clear focus on helping disadvantaged business owners overcome barriers and achieve long-term sustainability.
For more information, visit EDD.
