Albuquerque officials open Minority Business Development Center

Local News

Watch Minority Business Center announcement at 12:30 p.m.

ALBUQUERQUE, N.M. (KRQE) – The City of Albuquerque’s Economic Development Department announced the creation of the Albuquerque Minority Business Development Center on Monday.

The city is using a $300,000 grant from the Federal Minority Business Development Agency to open the facility which will be housed at the Hispano Chamber of Commerce in the Barelas neighborhood. The center will help connect mid-sized businesses with clients and lenders, offer consultations and training, guide business owners through certifications, and more. The center will focus largely on business sectors already growing fast in Albuquerque.

“Even in the science and technology sectors that we tend to frankly overlook. Whether it’s partnerships with the labs, the base; a lot of our high-tech companies are also minority-owned and that’s a real strong point for our city,” said Mayor Tim Keller.

The city applied for the funding before COVID-19 but says the timing has worked out to help businesses work through the crisis.

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