NM Laboratory Partnership with Small Business Tax Credit

The NM Laboratory Partnership with Small Business Tax Credit sits under the New Mexico Taxation and Revenue Department, but the practical service comes through Sandia National Laboratories and Los Alamos National Laboratory. Through the NMSBA route, qualifying small businesses receive free technical and engineering assistance, and the credit reimburses the labs for that work rather than paying the company directly. For the business, the value is in-kind R&D help, not a cash award. The assistance is typically capped at about $20,000 a year in urban areas and $40,000 a year in rural areas, with a statewide pool that has historically been around $2.4 million. The program runs rolling and year-round through the laboratory channels, so there is no single annual deadline to catch. The best fit is a small business that needs lab-grade technical help and can work through the Sandia or Los Alamos application path. Since the legal beneficiary is the laboratory, the company should treat this as a technical-assistance engagement and match its project scope to the expertise of the chosen lab.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.