Federal Grants Available for Small Business | Business

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The City of Taos recently announced a USDA Rural Development Small Business Grant Opportunity.

Approximately $350,000 to $360,000 in grants are available in New Mexico. The grant is intended to expand business operations for purposes such as technical assistance, training, construction, construction, renovation, equipment purchase, street access, parking areas, utilities, etc.

The grant is for “small and emerging” businesses, which means having been in business for more than three years, employing 50 or fewer new employees and earning less than $1 million in gross revenue.

This is a very competitive grant, according to Lynda Perry, the city’s director of grants and revenue development and deputy city manager. Perry said the City of Taos would act as a fiscal sponsor for the company and write the grant.

Other rural New Mexico public entities can also apply directly for the grant, such as cities, state agencies, nonprofits, and federally recognized tribes.

Perry said that nearly a year and a half ago, Humble Brands, headquartered in Taos, received the grant.

“With Humble, we asked for $250,000. Humble invested $25,000, which is 10%, and that’s what we got; we got the full $250,000,” Perry said.

She added that the company had met all the grant requirements; the most important criterion, she said, is that a company be able to demonstrate that it creates jobs.

The city will hold a public hearing on Monday (December 13) for eligible companies to present their proposals to city council. The next day, the council will vote on which cases the city will write the grant for.

Any interested company should contact Lynda Perry via email [email protected] or by phone 575-737-2632.

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