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New Mexico is a strong supporter of the healthcare and retail industries. They are 8th in the nation for mining oil, ore, and certain metals. The real estate market in New Mexico generates billions of dollars per year as more professional services are established in major areas. Manufacturing and construction industries work to maintain their rapid pace for incoming homeowners. Tourism remains a staple element of the New Mexican economy, and is projected to significantly increase over the next few years. Finance, insurance, and wholesale trade are also significant elements of the New Mexican state economy.
Accelerator and incubator programs are at the forefront of New Mexico’s major industries, creating unique spaces that allow ideas and innovations to reach their full potential.
This well known accelerator is primarily focused on institutions specializing in business, community, education, and health. They provide a host of benefits to new organizations that include co-working spaces and networking opportunities. Indigenous American owned startups and small businesses in the Gallup area benefit most from this organization.
The San Juan Enterprise Center provides guidance and incubation opportunities to startups near Farmington. Small businesses specializing in outdoor recreation are given extra attention. Successful applicants have access to business consulting, equipment and workshops, and graphic design studios.
Food industry incubation is the primary objective of SVEDC. The First Step Semilla Program is their most well known acceleration program. Access experienced business mentors and a subsidized training program that lasts six months to a year.
Businesses in downtown Albuquerque may enjoy access to this incubator specializing in operational support. The program currently offers light industrial space, conference rooms, and a Class 1 Wet Lab. Standard incubation time lasts from 18 months to three years.
Michael Seibel CEO at Y Combinator
Jason Ovryn Co-founder & COO at Carry