We also invest heavily in job training programs, and work as a constant partner with local and state economic development organizations and corporate recruiters.
Responsibly managing our business is an important part of our commitment to support economic development in the communities we serve and the state as a whole. We know that electric prices and reliability are key factors that companies consider when evaluating New Mexico for their facilities relocation or expansion.
We are also committed to helping homegrown businesses thrive in New Mexico. Toward this goal, we support small-business support programs run by two established and well-respected non-profits:
- Accion: Conducts workshops and one-on-one consulting for small business in issues that affect high-growth companies, such as cash-flow management and resource developments. Support loans available from $200 to $300,0000.
- WESST: Provides group training and one-on-one consulting to help entrepreneurs incorporate technology into their businesses. Provides guidance to maximize online presence as well as streamlining technology loans for purchase and implementation.
We have also invested in the Navajo Nation Workforce Training program, which supports economic development in the Four Corners Region. PNM and the Navajo Nation are partnering with San Juan College and Navajo Technical University to provide scholarships for energy-related careers. PNM is providing $1 million in scholarship funds to Navajo students as part of this program.