The Regional Development Corporation

The RDC is a regional economic development organization for Northern New Mexico, focused on creating a diverse and sustainable economy. Our principal service areas are Los Alamos, Rio Arriba, Santa Fe, Taos, San Miguel, Mora and Sandoval counties.

The RDC works collaboratively to create new jobs in the region by strengthening services to businesses and developing the infrastructure, public policy and workforce to support job growth.

Working to Advance Economic Development Since 1997

REDI

The RDC has been administrator of the REDI plan since its inception in 2008 as a long-term, 25-year strategy for economic development in the region. Now ten years in, we have made significant progress in implementing aspects of the plan including a $74 million REDINet regional broadband initiative, Economic Development Services, Cluster Strategies, and a Public-Private Partnership to sustain the effort.

Venture Acceleration Fund

The VAF is the only non-dilutive local source of seed financing for very early stage technology and manufacturing startups in Northern New Mexico. The funding fills a unique niche in that it supports technology-based and manufacturing companies that lack collateral for debt financing and are not ready for Angel or Venture Capital funding. The call for VAF applications goes out once a year, typically in February, and the application submittal deadline is in March. Maximum funding amounts, eligibility requirements, and terms and conditions are subject to change each year.

From its inception in 2006 through 2016, the VAF has a cumulative ROI of $160.7 million from investments totaling $4.2 million.

Native American VAF

The NAVAF was created to boost employment and diversify the economy in Northern New Mexico, and makes awards to tribally owned companies for critical technical services that lead to leveraged revenue, job creation and diversification.

Los Alamos National Security, LLC, the company that manages Los Alamos National Laboratory (LANL) and the Regional Development Corporation (RDC) established the fund in 2011 as part of their investment in the Northern New Mexico economy.

Northern New Mexico 2020

Launched in 2012, the Northern New Mexico 20/20 Campaign was founded to recognize at least 20 high-growth companies in the region before the year 2020. These are the job creators for Northern New Mexico. The first class of eight awardees was honored in October, 2012, and a total of 38 companies have been recognized through 2016. On average, the 20/20 winners create more than 60 jobs annually and increase their revenue and attract additional funding of $10 million.

Business Expansion and Retention

Does your business need to expand, hire new workers or train employees? Maybe you are seeking financing. The Regional Development Corporation provides one-on-one technical assistance and will help identify resources that will best benefit your business needs.

The RDC works collaboratively to create new jobs in the region by strengthening services to businesses and developing the infrastructure, public policy and workforce to support job growth.

collaborative partnerships

The Regional Development Corporation was incorporated to serve as the Department of Energy (DOE) Los Alamos Site “Community Reuse Organization” (CRO). As a CRO, the RDC’s mission is to diversify the economy within the north central New Mexico region. As a result, the RDC maintains a special working relationship with both the DOE and Los Alamos National Laboratory (LANL).

Additionally, the RDC has created significant strategic partnerships with a broad variety of service providers throughout New Mexico and beyond. We collaborate with these partners regularly to provide our clients with the best possible combination of solutions.

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