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Native American businesses receive grants

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LANL > Awards are part of Venture Acceleration Fund

Los Alamos National Security announced Tuesday six Native American-owned businesses have been awarded grants through LANS’ Native American Venture Acceleration Fund.
The grants awarded by LANS totaled $60,000.
“Our Native American Venture Acceleration Fund has become an important resource in the region for tribally held businesses,” said Kurt Steinhaus, director of Los Alamos National Laboratory’s Community Programs Office. “Funds invested into these entrepreneurs helps sustain and grow employment in and around our Northern New Mexico pueblos.”
Venture Acceleration Fund grants, according to LANS, are designed to help recipients create jobs and ultimately diversify the Northern New Mexico economy.
The fund is managed by the Regional Development Corporation.
LANS said more than $200,000 has been generated by the fund.
In the past two years, nearly $700,000 in new revenue was generated by Native American-owned companies. The newest grant recipients are as follows:

• Walatowa Timber, Jemez Pueblo: to develop business and manufacturing plans for timber products and expand into the wood pellet industry.

• High Water Mark, Cochiti Pueblo: to purchase geographic information operating software.

• Ohkay Owingeh Housing Authority: to perform a professional market analysis and develop a housing plan template that can be adopted by Native communities.

• Tano Services Corporation, Pojoaque Pueblo: to seek federally recognized 8(a) certification.

• Professional Cleaning Solutions, Ohkay Owingeh Pueblo: to purchase new software for advanced logistics control and inventory management, and provide staff training on the system.

• Than Povi, San Ildefonso Pueblo: to expand their online marketing plan.

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. Tribal business or corporation from Northern New Mexico pueblos and the business must be located in Sandoval, Santa Fe, Los Alamos, San Miguel, Mora, Rio Arriba or Taos counties.