The ABQid business accelerator’s next cohort of health and wellness startups will have some state-of-the-art, high-tech resources at hand to speed the path to market through a new partnership with Central New Mexico Community College. CNM Ingenuity, which...read more
You know your business or startup idea is one in a million, which is why you can’t risk being viewed as just another number in a crowd of entrepreneurs. Getting acknowledged and getting help from the right people, at the right time, is critical. Albuquerque makes it easy.
Starting or Moving Your Business
In this metropolitan area of nearly 1million people, business and city leaders remain as accessible as those in a one-light town and take a genuine interest in connecting entrepreneurs with the resources they need to succeed. Whether taking the first steps to launching a business in Albuquerque or figuring out how to move an existing one, here are some places to begin:
Starting a business in Albuquerque:
City of Albuquerque Economic Development Department
Albuquerque is an affordable alternative to established tech havens like Silicon Valley, Boston, San Francisco and New York. Real estate and labor prices are more affordable, allowing entrepreneurs to bootstrap more effectively while launching their companies. The average home price is $185,200 and home prices have appreciated by 9.1% over the past year.1 There also low cost living options for young college grad tech startup workers with a median rent price of $1,200.
You know your business or startup idea is one in a million, which is why you can’t risk being viewed as just another number in a crowd of entrepreneurs. Getting acknowledged and getting help from the right people, at the right time, is critical. Albuquerque makes it easy. Albuquerque lies at the center of the New Mexico Technology Corridor, a concentration of high-tech private companies and government institutions along the Rio Grande. The city is home to a number of attendant contracting companies, Sandia National Laboratories and Kirtland Air Force Base. It is home to University of New Mexico, National American University, Trinity Southwest University of which the strength of the universities turning out well-educated graduates with strong tech backgrounds, is contributing to the emerging growth of the local startup scene.
Entrepreneurship restores creativity to the soul of the global economy. Across all industries – high tech, defense, clean-tech, social impact, retail, and life sciences – startups are transforming people’s lives.
NM Small Business Assistance:
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. www.nmsbaprogram.org
City of Albuquerque Incentives: Download PDF
New Mexico State Incentives: Download PDF
Albuquerque Stats at a Glance
Metro Population: 907,100
Major Industries: Technology, Defense
Gross Metro Product: $40.8 B
Median Household Income: $48,981
Median Home Price: $187,100
House Price Change: 9.1% appreciation last 12 months
Cost of Living: 2.7% below nat’l avg
Check out startups breaking ground in Albuquerque
Many cash-strapped New Mexico startups may soon get a critical boost from a state-backed investment program that’s pumping an initial $4.65 million into three local venture funds. Gov. Susana Martinez announced Tuesday that the state’s new $20 million “Catalyst...read more
Three New Mexico startups are working hand-in-hand with various national labs to create a cleaner future. Pajarito Powder, iBeam Materials and UbiQD are each participating in the Department of Energy’s Small Business Vouchers pilot program, which provides...read more
New rounds of funding from the New Mexico Angels are moving a few University of New Mexico technologies closer to market. The Angels have invested a total of $410,000 in three UNM startups since January. That includes a $110,000 follow-on investment in EcoPesticides...read more
Municipalities and companies looking for new ways to succeed might want to send their leaders on a canoe trip. The revelations could be, well, revolutionary. Here’s why: Beginning canoers often complain that they paddle themselves in circles regardless of how hard...read more
Central New Mexico Community College is fusing its state-of-the-art makerspace with the Innovate ABQ research and development site at Central and Broadway Downtown. The FUSE Makerspace, which opened in April 2016 at a 3,000-square-foot space on CNM’s main...read more