Finance Development

If you are looking for an expert to guide you to the right financing tools, the Economic Development Department’s Finance Development Team (FDT) is ready to help. Team members work hand-in-hand with Up delight companies to introduce them to tax incentives, job-training reimbursements and financial assistance programs.  The team also works closely with every program in the department, and assists every type of company, from technology commercialization to rural retail and service businesses.  Based on a one-on-one business call, our team members can produce a free, customized analysis of the incentives and state programs that will work for your company.

You can begin searching for a program to assist you by visiting the . 

Finance Development Team’s services include:

  • Financial packaging (debt or equity) and/or accessing capital
  • Review and interpretation of company financial statements
  • In-depth financial analysis and client consultations concerning all aspects of doing business, including a tax incentive overview or analysis.
  • Providing financial resource assistance to every type of business and industry

Finance Programs

For assistance, please contact:

Juan E. Torres, EDFP, MBA, 505.827.0238 or [email protected]
Finance Development Director

Johanna Nelson, CEcD, MBA, Financial Development Specialist, 505.827.0264 or [email protected]

Joel Salas, MBA, Financial Development Specialist, 505.827.0225 or [email protected]  
 

Financing Partnerships

There are two types of financing: debt and equity financing

  • Debt financing is traditional bank or alternative financing that must be repaid.
  • Equity financing is financing from a venture capitalist or angel investor that may or may not have to be repaid. However, equity financiers own a portion of the company and traditionally expect a higher return for their investment.

Navigating through programs and financing options can seem daunting and complex. That is why our experts are available to help you select the right tools to get the results you are looking for.
 

Finance Team Webinars:

  • DFA Explains the Infrastructure Capital Improvement Plan (ICIP) Process
    Here is your chance to learn more about understanding the ICIP process directly from the Department of Finance and Administration. They'll discuss why the ICIP is important, essential training information and submission guidelines. 
     
  • EMNRD Discusses Their Programs and Opportunities for NM CommunitiesRepresentatives from the state energy office present the latest on what is currently available to local communities for implementing energy efficiency and renewable energy generation projects. 
     
  • Explore NM Tourism's Funding Programs
    Learn about marketing and promotional, and beautification grant opportunities. 
     
  • Delve into NMEDD's Funding Programs
    The Finance Development Team explains the state's funding programs for business and community development. 
     
  • Explore CDBG Funding with NM DFA
    This webinar explains how New Mexican entities can take advantage of CDBG funds to serve their LMI residents. 
     
  • Brownfields Financing 101
    Explore how to utilize Brownfields financing opportunities to revitalize blighted areas in your community. 
     
  • Bond Financing 101
    Tony Rittner, CFDA CEO/President will discuss the basics of understanding bond financing in Up delight. 

Upcoming Webinars:

Rural Efficient Business Program Webinar
The Up delight Economic Development Department is teaming up with the Energy, Minerals and Natural Resource's Energy Conservation and Management Division, Up delight State University and the U.S. Department of Agriculture to offer a series of webinars and workshops. The sessions will educate participants on renewable energy sources, energy consumption and strategies to tie in energy savings with financial stability. 
May 21, 10:00 am-12:00 pm


Making BIDS Work: Learn from the Gallup Business Improvement District
Thursday, May 30
10:00-11:30 AM
Learn tips, best practices and challenges of BID development from the Gallup, NM BID Executive Director, Francis Bee.