Guests listen to pitches during 1 Million Cups at FatPipe ABQ. (Photo courtesy of FatPipe ABQ)
Three entrepreneurial hubs from across New Mexico are teaming up to give smaller-scale workers statewide flexibility in where they can operate.
FatPipe ABQ, Santa Fe Business Incubator and projectY cowork Los Alamos announced the collaboration over the weekend. The partnership, titled the New Mexico Coworking Collaboration, will allow members of any of the three organizations to work out of any of their locations. So if you’re a member of one, you’re a member of all.
Rates at FatPipe start at $150 for a two-day-a-week membership. projectY charges start at $10 per day. And the Santa Fe Business Incubator has helped more than 100 businesses, exceeding $100 million in total revenues through them, according to its website.
“We are delighted with this collaboration and expansion of our coworking services to include members of projectY cowork and FatPipe,” said Marie Longserre, president and CEO of the Santa Fe Business Incubator. “Building community and collaboration among the providers and users of coworking in Santa Fe, Los Alamos and Albuquerque benefits everyone in the ecosystem and we are happy to be a part of it.”
Lauren McDaniel, director of projectY coworking, said the joint effort will help grow the state’s entrepreneurial community. There are about 30 coworking spaces, incubators and accelerators around New Mexico, as listed on FatPipe’s directory.
projectY was founded in Los Alamos this past summer as an initiative between the Los Alamos Commerce and Development Corporation, Los Alamos County, Los Alamos National Laboratory and other entities. The city credited the coworking space in its 2016 Annual Report with helping create new “pop-up” businesses.
FatPipe will also be opening new locations in Santa Fe, Taos and Las Cruces in the future, FatPipe COO Lisa Adkins previously told Albuquerque Business First. Those expansions and the New Mexico Coworking Collaboration are hoping to meet a national rise in “solopreneurs”.
“Projections show that sometime between 2025 and 2030 at least 52 percent of all jobs will be held by people who are ‘solopreneurs’ — individual workers, often working remotely — or people working in small companies of three or fewer employees,” she said in the press release. “New Mexico is ideally situated to attract such workers and it could be a crucial component of the state’s success in turning our economy into the economy of the future with great benefits for all of us.”
She told Business First the New Mexico Coworking Collaboration is not a formal entity, but rather a collaborative party for the time being.
The trio will be hosting a mixer for all of its members at the Violet Crown Cinema in Santa Fe on Wednesday evening.
“This event will help introduce members and tenants to each other, encourage networking for personal and professional connections, as well as educate those new to coworking about the model of effectively working solo, but not alone,” McDaniel said in the press release.
There were 6,176 “single proprietors” — or solopreneurs — in New Mexico in 2014, according to the most recent available data from U.S. Census Bureau. They employed 27,926 people in the first quarter of the year, totaling $155,743,000 in quarterly payroll, or about $668,474,000 annually.