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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


  • Application process opens: The annual application process is expected to open February 2023

  • Applications due: One month after the application process opens

  • Mandatory TEAM Fund Info Webinar: Date will be announced in early 2023


  • For-profit Manufacturing or Technology** business

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

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

  • 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.


  • Attend Mandatory TEAM Fund Info Webinar 

  • Demonstrate matching capital
    (At least 100% secured within past 6 months of applying or will be secured before the award is received. “Sweat equity” does not qualify)

  • Outline specific purchases 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.


  • Sample application for review, download here.

  • After the application process opens, an online application link will be emailed to applicants who have attended the Mandatory TEAM Fund Information Webinar 

Contact Carla Rachkowski, Director of Operations, if you have questions:, (505) 901-7019

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