March 1, 2011 by Justin Bannister, NMSU News Center
New Mexico State University’s Arrowhead Center is working with Sandia National Laboratories and their New Mexico Small Business Assistance Program. The project helps small businesses facing technical challenges access the unique expertise and capabilities of the state’s national labs at no cost to the businesses.
“We’re looking for new and innovative ideas and technologies that we can help take to the next level,” said Dawn Hommer, a business incubation specialist at the Arrowhead Center. “This program brings the prowess of the national laboratories and New Mexico State University to small businesses in New Mexico while promoting economic development in the state.”
Through the program, small businesses with a technical challenge can seek assistance from laboratory scientists or engineers for projects that require testing, design consultation and access to special equipment or facilities. The laboratory is eligible for a tax credit equal to qualified expenditures under this program if the assistance is completed and rendered to a small business located in New Mexico. The small business must also certify to the national laboratory that the service is not otherwise available at a reasonable cost through private industry.
The goal of the project is to bring technologies of small businesses closer to commercialization. The support from the Arrowhead Center includes a detailed, individual assessment plan for each small business and agreed upon items to be accomplished by the small business and the Arrowhead Center project team.
The Arrowhead Center specializes in offering small business assistance by creating opportunities for entrepreneurs and for NMSU to nurture entrepreneurial talent, increase high-technology job opportunities and contribute to economic and community development.
To be eligible for the program, small businesses must be for-profit; New Mexico-based; U.S. owned and operated; pay New Mexico gross receipts taxes; and fall under the small business definition as outlined by the U.S. Small Business Administration at http://www.sba.gov.
For more information, or to apply, visit http://www.nmsbaprogram.org or call 575-646-7833.