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Home » Business Development » Considering & Planning a Business
Business Development
  • Overview
  • Considering & Planning a Business
    • Considering a Business
    • Planning a Business
  • Starting a Business
  • Growing a Business
  • Resource Directory
  • Stay Informed: Newsletters & Webinars
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Considering & Planning a Business

Starting a business is a life-changing decision. It requires a significant commitment of your time, effort, and money to make your business succeed. Entrepreneurs must be motivated and detail-oriented, and while becoming an entrepreneur can be very rewarding, it comes with a certain level of risk. You are here either because you are considering taking that risk, or because you have already made the decision and need guidance in planning your business.

The NMEDD Business Resource Center was created to provide you with information, tools, and state-wide resources to help you make the best decision for you and your family. If you are still considering your options for business ownership, click the Considering a Business tab in the navigation bar at the right. There you will find an entrepreneur compatibility test, tips on generating business ideas, and ways to vet those ideas for viability. If you are ready to start planning your business, click the Planning a Business tab to access infomation on business plans, marketing, financial planning, and market research.

We are glad you are here and have the desire to contribute to the local economy by starting your own business. 

NMEDD

New Mexico
Economic Development Department
Joseph M. Montoya Building
1100 S. St. Francis Drive
Santa Fe, NM 87505-4147

Mailing Address:
P.O. Box 20003
Santa Fe, NM 87504-5003

505-827-0300
Fax: 505-827-0328

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Why NM

  • Overview
  • Key Industries
  • Competitive Business Climate
  • Innovation
  • Borderplex
  • New Mexico Climate & Geography
  • Lifestyle
  • Case Studies
  • Community Partners
  • Photo Gallery

Business Development

  • Overview
  • Considering & Planning a Business
  • Starting a Business
  • Growing a Business
  • Resource Directory
  • Stay Informed: Newsletters & Webinars
  • COVID Resources

Site Selection

  • Overview
  • State Data Center Program
  • Find A Property
  • Census Data
  • Workforce Profile
  • Economic Statistics
  • 50 States Data & Incentives Comparisons
  • County Profiles
  • Tribal Profiles

Community Development

  • Overview
  • Local Economic Development Act
  • LEADS
  • FUNDIT
  • New Mexico MainStreet Program
  • Business Retention & Expansion
  • Business Incubator Certification
  • Local Government Planning Fund
  • Stay Informed: Weekly Newsletters & Webinars
  • COVID Relief Resources
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