New Mexico businesses have a valued asset in the state's network of professional Small Business Development Centers, and visiting one is the place to begin if you are starting a business. For information on starting a new business download and read the small business guide, then contact a Small Business Development Center near you.

 

The Economic Development Department’s Community, Business, and Rural Development Team works closely with local economic developers to provide a variety of assistance for New Mexico businesses. Whether you are looking for help with loans, labor training, technical and regulatory assistance, or site selection, these representatives can guide you through the process. Find your representative here.

 

If you have completed your business plan and are looking for a loan you may wish to visit our Financial Assistance page.

 

If you wish to register and license your new business in New Mexico, begin by contacting the Taxation and Revenue Department for a “CRS” number. You may also need a license from the Regulation and Licensing Department, depending on the type of business you operate. If you incorporate you must register with the Public Regulation Commission. This is explained in more detail in the small business guide.

 

You will also need a license from the city or county where you will do business.

 

 

Federal resources are available from the Small Business Administration, which has an office in Albuquerque serving New Mexico at 625 Silver, SW, Suite 320, telephone (505) 248-8225.

 

 

 

If you have an out-of-state business which you would like to expand or relocate to New Mexico, please contact the New Mexico Partnership at www.nmpartnership.com or (888) 715-5293.

 

In New Mexico, small businesses are vital to the financial well-being of the state’s economy. As entrepreneurs and innovators, small business owners represent a diverse group and continue to keep the state’s economy productive. 

 

The Economic Development Department’s Community, Business and Rural Development Team works closely with the local economic development organizations to provide a variety of assistance for New Mexico businesses. Whether you are looking for financial, labor training, technical or regulatory assistance, or site selection, this team has the expertise to guide you through the process. Find your representative here.