Albuquerque Ranks Eighth in National Study for Minority-Owned Businesses
ALBUQUERQUE – New Mexico has proudly secured the 8th spot in LendingTree’s recent study, identifying it as one of the top 10 states in the U.S. for minority-owned businesses. This recognition highlights Albuquerque’s ongoing commitment to creating a vibrant and inclusive business climate, equipped with diverse resources and support services for entrepreneurs.
Mayor Tim Keller emphasized the importance of backing minority-owned businesses, stating, “When we build up and support minority-owned business, we drive economic growth and equity across our city.” He reiterated the City’s dedication to providing entrepreneurs with essential tools for success.
Economic Development Director Max Gruner noted, “By providing targeted resources and opportunities, we’re not just supporting minority-owned businesses; we’re strengthening our entire economy.” This ranking showcases the impact of Albuquerque’s initiatives aimed at fostering entrepreneurship among diverse communities.
The city boasts several robust support programs, including:
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Small Business Office: Offers guidance and resources to aid businesses in starting, expanding, or relocating to Albuquerque.
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New Mexico Minority Business Development Agency: Facilitates assistance for businesses of various sizes, providing access to capital, contracts, and training events.
- Job Training Albuquerque: The city’s leading workforce development program, offering over 150 skills-based training sessions at no cost to entrepreneurs.
These initiatives highlight Albuquerque’s leadership in promoting economic diversity, crucial for sustaining New Mexico’s standing among top states for minority business ownership.
According to LendingTree, minority-owned businesses play a pivotal role in driving innovation and job creation within communities. Albuquerque’s ongoing efforts position the city as a burgeoning hub for economic inclusivity and success. For more information on Albuquerque’s business services, visit abqedd.com.
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Photo credit www.cabq.gov
