ABQ Business Incentives Include Free Technical Help from National Research Labs

City continues leading the nation in pay equity enticements

Where can your company access the world’s best scientists and technicians to help solve your company’s problems at no cost? Only in Albuquerque.

The New Mexico Small Business Assistance (NMSBA) Program allows New Mexico small businesses facing a technical challenge to access the unique expertise and capabilities of Los Alamos and Sandia national laboratories. At no cost to the business, small businesses with a technical challenge can seek assistance from lab scientists or engineers for projects that require testing, design consultation and access to special equipment or facilities. To learn more, visit http://www.nmsbaprogram.org/

A full list of New Mexico State and City of Albuquerque incentives for businesses can be found at http://innovationcentralabq.com/starting-or-moving-your-business/.

Among them is the City of Albuquerque Gender Pay Equity Ordinance, which was the first of its kind to be passed by any municipality. In 2015, City Council passed a resolution stating that businesses applying to be City vendors would qualify for a 5 percent preference by showing that they pay women at least within 10 percent of what they pay men in comparable jobs.

The ordinance was amended this month to require existing contractors that have taken advantage of the incentive to further decrease the pay gap from 10 percent to 7 percent.

The new requirement takes effect July 1.

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