Newsletter – Economic Development Center Edition

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Newsletter
Economic Development Center Edition

By City Alive

July 11, 2019

Economic Development Centers:

Creating a successful business takes a lot — capital, relationships, talent, connections and support. While some people may have access all of these, most don't. Missing links can become barriers that keep great businesses from reaching their full potential, but economic development centers are changing that in Albuquerque.



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"Built For Us, By Us"

The International District is getting a new Economic Development Center

An interview with Alex Horton, the director of the new International District Economic Development Center (IDEDC)

As a business-to-business consultant in the International District, Alex Horton kept hearing people ask the same questions: “Where do I find capital? Who can help me start my business? Is this even a good idea?” The need for more resources and support was clear. Now, Horton and his team are about to open the International District's first economic development center to provide access to support and services that will help neighborhood businesses succeed.


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Power in partnership:


"[SVEDC] is proud to collaborate with the IDEDC; we align on our belief of partnering with families to build wealth, moving entrepreneurial outcomes and making a collective impact on our city."
- Josue Olivares, Executive Director of SVEDC


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People First, Business Second


By Josue Olivares

Executive Director, South Valley Economic Development Center (SVEDC)

Startups are typically required to have most of the business strategically planned and implemented before they apply for an incubator program. But what happens when most aspiring entrepreneurs you encounter have an idea, but no business plan or capital? Or the entrepreneur who has a lifetime of experience, but no formal education to put together a strategic plan? You don't turn them away — you meet them where they're at.

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Connecting the Dots...

The SVEDC and IDEDC are making strides to better connect entrepreneurs of color to high-quality resources to start and sustain businesses. City Alive is a collective that is working toward an aligned goal of closing the gap in business ownership and leadership with a focus on people of color. Organizations like IDEDC and SVEDC are crucial to our community joining forces to ensure that all of our city's entrepreneurs get a fair hand. 

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