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A total of six Northern New Mexico Native American-owned and operated businesses received a total of $60,000 in grants through a new Native American Venture Acceleration Fund created by Los Alamos National Security and the Regional Development Corporation.
The grants are designed to help the recipients create jobs, increase their revenue base and help diversify the area economy.
Funding comes from LANS, which manages Los Alamos National Laboratory. The Native American Venture Acceleration Fund is managed by the Regional Development Corporation.
“The positive responses and active engagement in the Native American Venture Acceleration Fund are encouraging,” said Kurt Steinhaus, director of the lab’s Community Programs Office. “These entrepreneurs and their companies are vital to the Northern New Mexico economy.”
Among those receiving grants are the following companies:
• NDN Energy of Jemez Pueblo, to provide lower cost energy to gaming tribes in deregulated states, development of website and print collateral and to develop an advertising plan.
• Three Eagles Development Corporation of Picuris Pueblo, to provide packaging and barcoding for expansion of a new natural charcoal product.
• Cochiti Pueblo Development Corporation, to upgrade its accounting system and support the pueblo’s membership in Quality New Mexico.
• Tano Services Corporation of Pojoaque Pueblo, to purchase computer equipment, invest in new software and website development.
• Tesuque Flea Market of Tesuque Pueblo, to conduct a comprehensive brand analysis and expand marketing programs statewide.
• Than Povi of San Ildefonso Pueblo, to refine its marketing plan, develop an advertising campaign and to strengthen business relationships with the local hotel industry.
To be eligible for a Native American Venture Acceleration Fund grant, applicants must demonstrate they are a Native American-owned business in which a tribe or tribal member has at least a 51 percent stake in the enterprise, be a tribal business or corporation from the pueblos of Nambe, Ohkay Owingeh, Picuris, Santa Clara, Pojoaque, Taos, San Ildefonso, Tesuque, Cochiti or Jemez and be located in Sandoval, Santa Fe, Los Alamos, San Miguel, Mora, Rio Arriba or Taos counties.
There were 12 proposals submitted for funding last fall and all will receive funding or technical assistance.
More information about the Native American Venture Acceleration Fund is available through Kathy Keith, executive director of the Regional Development Corporation, or Vangie Trujillo of the Community Programs Office.