ALBUQUERQUE, N.M. — Four local businesses and organizations won a total of $200,000 in grants on Thursday evening through the second annual Mayor’s Prize for entrepreneurship.
The prize, funded by the Albuquerque Community Foundation and the Ewing Marion Kauffman Foundation, was launched last year to support local organizations that help build grass-roots innovation and entrepreneurship.
A panel of local and out-of-state judges chose nine finalists this year from 16 organizations that applied for the Mayor’s Prize. Awards went to four of them, including $59,000 for Central New Mexico Community College’s CNM Ingenuity program, $50,000 for the Creative Startups business accelerator, $50,000 for the Nusenda Credit Union Foundation’s Co-Op Capital Program, and $41,000 for the WESST business incubator’s Creative Practice, Innovation and Enterprise program.
The grants will reinforce initiatives that provide resources, training, mentorship and other assistance to aspiring entrepreneurs and startups in Albuquerque, said Mayor Berry before announcing the awards at a ceremony Downtown.
“We want to give people the opportunity to be economically mobile, to prosper in our community,” Berry said. “We want to provide the tools and resources they need to be self-reliant innovators.”
Recipients will use the grants to expand their programs:
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