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Technology & Manufacturing (TEAM) Fund

RDC’s Technology and Manufacturing (TEAM) Fund offers no-interest loans to manufacturing and technology-based companies. The fund supports growth-oriented companies who are on track to add jobs, grow revenues, and attract additional funding/investment.

Our goal is to sustain and assist developing businesses in Northern New Mexico with job creation and diversifying the region’s economy.

Up to $20,000.00


  • 2024 Application Process Closed: March 17, 2024

  • TEAM Fund Information Sessions:
    Applicants are highly recommended to attend before applying in order to submit the best possible application.

    • Taos TEAM Fund Info Session: February 20: 1:00-2:00 pm
      Taos Visitor Center/Taos Pueblo Collective Center Conference Room, 1201 Paseo Del Pueblo Sur, Taos, NM 87571 

    • Santa Fe TEAM Fund Info Session: February 27: 11:00 am-Noon
      Santa Fe Business Incubator, Conference Room B, 3900 Paseo del Sol, Santa Fe, NM 87507

    • Online-only TEAM Fund Info Session: March 6: 11:00 am-Noon


  • For-profit Manufacturing or Technology business

  • Headquartered in either Los Alamos, Mora, Rio Arriba, San Miguel, Northern Sandoval, Santa Fe, or Taos County

  • Business license, CRS#, FEIN# and a business-only bank account

  • In business at least 1 year from the opening date of the application process

  • Preference given to those not previously awarded

  • Funds to be used to:

    • Procure needed business equipment

    • Purchase consulting services

    • Purchase specialized software


Note: Technology” here refers to innovation (often protected by trade secret, “know-how,” or intellectual property) and is not a reference to a business that uses technology or provides a non-proprietary technology service such as web development.


  • Demonstrate matching capital

  • Outline specific purchases with costs that will be made within 6 months from award date

  • Submit a TEAM Fund application by the deadline


  • Funds are awarded through a competitive process.

  • Applications will be reviewed and scored by an independent review panel.

  • Award is not available for general development work, general working capital (ex: inventory, rent, utilities, materials), or salaries.

  • Gambling, tobacco, or illegal activities will not be funded.

  • Each proposal must describe a critical project that will advance the commercial progress of the company, increase revenues, and/or add jobs.

  • The full or a partial amount of the total request may be awarded.

  • Funds are awarded after purchases are completed and paid receipts approved.  

  • Businesses selected for this award do not give up any equity by accepting funding, and are not required to provide collateral or a personal guarantee.


  • Only proposals that meet the eligibility 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 ability to demonstrate that matching funds have been or will be secured.


  • Repayment plan will be discussed when project is complete (6 months after award)

  • Awardees will be obligated to immediately repay any unpaid amount of the loan if they relocate out of state or sell the business within 3 years of the date of the award.


  • Online Application: Application period closed March 17, 2024

  • Please 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.

Carla Rachkowski, Director of Operations

The TEAM Fund is made possible due to generous support from:

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