The Business Development & Expansion Grant is back with an improved program offering up to $25,000 to help existing creative businesses reach their fullest potential. Funding can support marketing, digital upgrades, new equipment, inventory, infrastructure, and capacity-building efforts that strengthen your business and expand your impact. Applicants are encouraged to think big and use this opportunity to spark even greater returns on investment. Eligible businesses are identified by their industry and corresponding NAICS codes available in Appendix C on page 206 of the 2024 Division Study. Now is the time to take your vision to the next level!
Cycle 1 Application Period – December 1-26, 2025
Cycle 2 Application Period – February 2-27, 2026
Please note applicants may only apply for one cycle per fiscal year (July 1, 2025 – June 30, 2026)
Eligible businesses must:
- Be in business for a minimum of three years
- Be a for-profit entity in good standing
The Business Development & Expansion Grant Program, administered by the New Mexico Economic Development Department’s Creative Industries Division, is open to for-profit creative businesses with at least three years of operational history. Funding aims to strengthen business infrastructure and marketing and support long-term sustainability.
“New Mexico’s creative businesses are key players in developing community culture and driving economic development,” said Shani Harvie, director of the Creative Industries Division. “This grant helps smaller creative enterprises leverage state funding into tangible growth and helps position them competitively with other enterprises.”
Applicants may apply for one cycle per fiscal year (July 1 – June 30). Cycle 1 runs Dec. 1-26 and closes at 6 pm MT. Cycle 2 runs Feb. 2-27, 2026, and closes at 6 pm MT. An informational webinar will be held on Dec. 5 at 10 am.
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