Starting or Moving Your Business

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

Moving or expanding your business, and locating office space or property:
Albuquerque Economic Development
Demographics and community data
State programs and resources

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.

Business Incentives

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
Unemployment: 5.5%
Cost of Living: 2.7% below nat’l avg

 

Check out startups breaking ground in Albuquerque

Innovation event displays technology from around NM

From biosensors to cancer-targeting technology, a broad range of innovation was on display Tuesday at the Innovate New Mexico technology showcase at the Sandia Golf Club in Albuquerque. The twice-per-year event, which first launched in spring 2016, unites innovators...

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Boomtime raises fresh $3M in venture round

A fresh $3 million round of venture funding could help Albuquerque-based Boomtime extend its online marketing and branding services to a lot more small businesses nationwide. The company, which previously raised $3.5 million from the Verge Fund and angel investors,...

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Student startups win $77,500 in UNM competition

  The University of New Mexico awarded $77,500 to six student startups in this year’s business plan competition. The annual event, organized by UNM’s Anderson School of Management, featured 15 competing teams, including 10 from UNM and five from New Mexico State...

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Are You an Adult or Teen with an Idea for a Startup?

Anyone, regardless of age or background can become an entrepreneur. Sometimes you just need a little encouragement and camaraderie. Whether you’re a teen or an adult with a big idea or crazy ambition, two upcoming Albuquerque events may be just what you need to move...

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