Central New Mexico Community College is launching a commercial software development business in Downtown Albuquerque. The new startup, Ingenuity Software Labs Inc., will begin operations on July 1 as a for-profit, spin-out business created by CNM Ingenuity, a...read more
In conjunction with plans for the revitalization of Downtown, initiatives to grow the City’s entrepreneurial ecosystem, and efforts to provide reliable transportation choices to residents, the City of Albuquerque is developing bus rapid transit service along nine miles of Central Avenue.
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.
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. http://www.nmsbaprogram.org
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
Innovation is breaking ground in Albuquerque
CivNet, an Albuquerque startup with a new online platform for community organizing, is one of 12 companies nationwide selected to participate in Matter Ventures’ five-month accelerator in San Francisco and New York. The Matter accelerator, which launched in...read more
Albuquerque Sister Cities Foundation has won the Sister Cities International 2017 Innovation Award for Economic Development for a city with a population over 500,001. The award recognizes the accomplishments of outstanding community and individual sister city programs...read more
When representatives from leading cities that have established model entrepreneurial ecosystems join for an inaugural forum in Kansas City next week, Albuquerque will be among them. The Ewing Marion Kauffman Foundation, which, in part, works to advance...read more
When you leave the comfort of your home, whether to take the family to a park, walk to a favorite shop or even drive to meeting, wouldn’t it be comforting to know that the public spaces you travel through or spend time in are of the highest quality? That they not only...read more
Dozens of high school students are attending crash courses in computer coding for free this summer in Albuquerque, Shiprock and Espanola. Albuquerque startup Cultivating Coders launched three separate programs on Monday for 57 students from high schools in...read more
The University of New Mexico is reaching new heights in national and international rankings for research institutions that work to commercialize new technologies. UNM ranked 28th among 225 universities and research institutions included in the Milken...read more
New Mexico pinball wizards Tim and Kristin Mezel are helping turn pinball machines across the globe into bright, colorful works of art. The couple, who founded Rio Rancho-based Mezel Mods in 2013, use 3-D printers to make decorative accessories for pinball...read more
Ideum Inc. harnessed its fortune to interactive, multi-touch display tables before that technology even matured, and now it’s reaping the benefits on a global scale. The Corrales-based company sold more than 500 made-in-New Mexico multi-touch display tables...read more
Albuquerque Rapid Transit (ART)
This project, called Albuquerque Rapid Transit (ART), will connect major destination points, including ABQ Uptown, Nob Hill, UNM, EDo, Downtown, the BioPark and Old Town. It will also serve as a catalyst to enhance the vibrancy of neighborhoods along the route, improving walkability along the corridor and fostering economic development investment and job growth.
Projected in-service date: End of 2017
For a list of FAQs, Mythbusters, maps and other details about the project, visit http://www.brtabq.com/.