Regional Development Corporation Announces 2024 TEAM Fund Awardees Boosting Technology and Manufacturing in Northern New Mexico

Los Alamos Reporter: Regional Development Corporation Distributes $145,978 from RDC Technology & Manufacturing (TEAM) Fund

In 2024, the Regional Development Corporation (RDC) announced its eight awardees for the RDC Technology & Manufacturing (TEAM) Fund. These businesses represent the growth of technology and manufacturing in the RDC’s northern New Mexico region, offering a variety of services ranging from closed-loop climate-forward business to precision prototype machining, high-power capacitor assemblies fabrication, molecular biotechnology, brain health assessment technology, materials technology, hand-crafted premium distillery, and small-batch coffee roasting.

The TEAM Fund provides no-interest loans to manufacturing and technology-based companies that are growth-oriented and on track to create jobs, increase revenues, and attract additional funding and investment. Since 2006, the RDC has awarded $4.7 million in funding to 121 technology and manufacturing businesses in the seven-county region.

The RDC is a private non-profit economic development organization dedicated to serving Northern New Mexico’s businesses and communities through various programs including Business Retention & Extension, Workforce Development, Capacity Building, and Partnerships & Professional Services. More information about the RDC can be found at http://www.rdcnm.org.

Sophia Reynolds

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