NMSU to develop four new accelerators to boost small businesses

Category: News
Published: 2024-07-04
NMSU to develop four new accelerators to boost small businesses

NEW MEXICO – New Mexico State University (NMSU) has received a grant that will help the Arrowhead Center develop and deploy four Sprint accelerators.

With support from the NMSU Foundation, the NMSU Arrowhead Center received the grant from the Community Foundation of Southern New Mexico and El Paso Electric’s New Mexico Economic Development Initiative.

The Arrowhead Center plans to launch four Sprint Accelerators that will provide support and training to businesses throughout Doña Ana County.

The Sprints will focus on general business, agriculture businesses, outdoor recreation businesses and tourism businesses, which aligns with some of the New Mexico Economic Development Department’s target industries. These Sprints will be called the BizSprint – Doña Ana, AgSprint, Outdoor Rec Sprint and Tourism Sprint. The first program is scheduled for this fall.

“These Sprint programs will provide critical support and education for small business owners in Doña Ana County in key industries that will stimulate the number of local jobs and revenue in the local economy,” said Kristin Morehead, program leader .

Morehead explained that with dedicated support from organizations such as El Paso Electric and the Community Foundation of Southern New Mexico, the center will be able to support small businesses throughout the county.

Sprints are six-week virtual business accelerators that help business owners create and develop their business model, connecting owners with business resource service providers and learning business strategies.