Regional Development Corporation Micro-Grants

Regional Development Corporation Micro-Grants is sponsored by Regional Development Corporation (RDC). These are early-stage grants for small businesses in northern New Mexico. The RDC focuses on creating a diverse and sustainable economy, and their programs, such as the Venture Acceleration Fund, support early-stage technology and manufacturing startups.

Micro-Grant Fund Versión en español 2026 Application period : Closed July 1, 2026 For-profit business of any type, size, or stage Headquartered in either Los Alamos, Mora, Rio Arriba, San Miguel, Northern Sandoval, Santa Fe, or Taos County Business license, CRS#, and a business-only bank account In business at least one year prior to June 1, 2026 Preference given to businesses located in rural areas and those not previously awarded Each proposal must detail critical purchases that will advance the commercial progress of the company.

Grant funds can be used to purchase: Needed business equipment (computers, printers, manufacturing equipment, construction equipment, restaurant equipment, point of sale (POS) system, etc) Consulting services (legal services, e-commerce site development, training, CAD design, equipment installation, etc) Specialized software (must be purchased outright, subscription service not eligible) Submit an application by the deadline If awarded, can pay for funded purchases and submit paid invoices for reimbursement Complete purchases within 3 months of the signed award agreement Funds awarded through a competitive process.

Applications reviewed and scored by an independent review panel. Funds cannot be used to cover the cost of general business expenses/operating capital such as rent, utilities, inventory, insurance, or salaries. Gambling, tobacco, or illegal activities will not be funded.

The full or a partial amount of the total request may be awarded. Funds are not awarded upfront but as a reimbursement once purchases are completed and approved. Purchases outlined in application cannot be purchased before an award is made, and an agreement is signed.

Only proposals that meet the eligibility and proposal requirements will be evaluated. Evaluation conducted by Independent review panel of local and regional business experts. Evaluation criteria based on potential to create new jobs, increase or diversify revenues for the company, and leverage other investments.

Online application: Closed Sample application: Available when next funding round opens Note: The application cannot be saved in-process for completion at a later time. Please review sample application to have your answers ready for input. QUESTIONS: Richard Lavallée , Director of Operations The Micro-Grant Fund is made possible due to generous support from :