The University of New Mexico’s Small Business Institute at the Anderson School of Management recently received a $15,000 grant from Bank of America to help expand the number of businesses it serves.
Each year, the Small Business Institute provides approximately 100 small businesses in New Mexico consulting services for their business needs. This funding will help the Small Business Institute increase the number of businesses served, many of which are on waiting lists to participate in this program.
The Anderson School of Management’s Small Business Institute was established in 1978 to support small businesses in New Mexico through affordable consulting. Graduate and undergraduate students, guided by faculty members, provide consulting services to businesses ranging from business plans and market research to human resources and strategy. The Small Business Institute charges a $500 fee, with scholarships available for veterans and nonprofit organizations.
“Ninety-five percent of businesses in New Mexico are considered small businesses – many of which do not have the expertise or capital to develop the plans, policies or controls necessary to ensure financial success and growth,” says Craig White, Interim Dean for the Anderson School of Management. “The institute helps small businesses succeed and, in turn, our students have the opportunity to use their skills in real-world situations.”
In 2013, more than 200 students (54 undergraduate and 156 MBAs) participated in the program, gaining real-world business experiences that prepare them to start and manage their own small firms. In some cases, the businesses that have participated in the Small Business Institute have hired their student consultant after graduation.
“We typically receive more applications from businesses than we can support, so some businesses are put on a waiting list,” said Stacy Sacco, director of the Small Business Institute. “Thanks to this funding from Bank of America, we will be able to increase the number of businesses served, helping more of our small businesses succeed and helping our community and economy grow.”
Bank backs St. Felix Pantry
What do St. Felix and Bank of the West Have in common?
Meet Ewa (pronounced like Eva) Ryba, Bank of the West’s newest vice president who just happens to work at
the branch on Southern Boulevard in Rio Rancho. Ewa also happens to be a Polish-American and knows all too well some of the areas in Poland where many of our Felician Sisters lived. Like St. Felix, whose work was to feed the poor and hungry, Ewa, representing our friends at Bank of the West, came by and presented the St. Felix Pantry with a check for $1,000 to feed the hungry.
They both share the gift of giving and caring about the Felician Sisters. Manuel Casias, vice president of development for the pantry, says, “That’s the divine connection.”
He added, “Since Ewa had such a thick Polish accent, I joked with her and asked her if she was sent by both St. Felix and Blessed Mother Angela Truszkowska, foundress of the Felician Sisters, to check on us.” Ewa laughed and politely said, “No, I am here on behalf of Bank of the West.” Later she added, “However, I just have to meet these Polish sisters in Rio Rancho since we probably have lots to talk about,” she added.
St. Felix Pantry, a Felician-sponsored ministry, accepts food at its location on 4020 Barbara Loop SE in Rio Rancho, Tuesday through Saturday from 6 a.m. until noon.
Food bank accredited
Roadrunner Food Bank has successfully met all 20 standards set forth by the BBB Wise Giving Alliance and is the first nonprofit organization in the state to earn the accreditation.
Roadrunner Food Bank said it elected to participate in a rigorous evaluation process, which is conducted by the Better Business Bureau’s national branch that assesses charitable organizations. The food bank was deemed to have met all 20 standards required to achieve accreditation.
The standards for charitable accountability are categorized into four key areas: governance and oversight, measuring effectiveness, finances, and truth in fundraising and informational materials.
“We are very pleased to receive this accreditation,” Melody Wattenbarger, president and CEO of Roadrunner Food Bank, said. “It is a testament to the hard work and integrity demonstrated by everyone at Roadrunner Food Bank. We strive to be a leader among nonprofits. We’re dedicated to showing the community that we act with honesty and transparency as we work to solve hunger in New Mexico.”
“Charities that display the BBB Wise Giving Alliance seal can do so with pride,” Art Taylor, president and CEO of the alliance, said. “Not only are they attesting to their organization’s adherence to sound standards, they are helping to increase donor confidence and strengthen public trust in giving.”
Original Article By: Jounral staff report- Albuqerque Jounral