Clients can participate in the General Business Incubation Program for up to five years, though most businesses are launching within the first two to three years.

The actual cost of the program is $1,100 for a month; however, this cost is subsidized by the support of several individuals, organizations, foundations and institutions. The SVEDC will incrementally decrease the subsidized cost of the program to ensure that the entrepreneur can continue their business once they graduate from the SVEDC’s Incubation Program.

There is an additional monthly fee of $2.50 sq/ft for office space rental, which includes utilities, internet, telephone, and cleaning services.

*An additional subsidy could be applied (depending on availability) to those earning a household income at or below 200% of the Federal Poverty Guidelines. (The Federal Poverty Guidelines are used as a guideline only. SVEDC programs are not a federal or state program.)

In addition to the guidance, equipment & facility spaces listed in the Resources section above, we offer office space rental, which includes utilities, internet, telephone, and cleaning services. Our office space ranges from 120 sq. ft. to 500 sq. ft.

We can support 12 businesses at any given time (as a business completes the program, we can take in a new one). Please contact Client Services at (505) 877-0373 to inquire about program availability.

The SVEDC has the industry knowledge and equipment to support business in the following industries:

• 11 – Agriculture , Forestry, Fishing and Hunting
  • 1151 – Support Activities for Crop Production
• 72 – Accommodation and Food Services
  • 722310 – Food Service Contractors
  • 722320 – Caterers
  • 722330 – Mobile Food Services
• 311 – Manufacturing – Food
  • 3113 – Sugar and Confectionery Product Manufacturing
  • 311411 – 311412 – Frozen Fruit, Juice, Vegetable and Frozen Specialty
  • 311421 – Fruit and Vegetable Canning or Jarring (we do not have canning equipment)
  • 311422 – Specialty Canning or Jarring (we do not have canning equipment)
  • 311423 – Dried or Dehydrated Food (except meat dehydration) 
  • 3115 – Dairy Product Manufacturing
  • 3117 – Seafood Product Preparation and Packaging
  • 311811 – 311812 – Retail and Commercial Bakeries
  • 311813 – Frozen Cakes, Pies, and Other Pastries
  • 311821 – Cookie and Cracker Manufacturing
  • 311824 – Dry Pasta Dough and Flour Mixes
  • 311911 – Roasted Nuts and Peanut Butter
  • 311919 – Other Snack Manufacturing
  • 311920 – Coffee and Tea Manufacturing (we have limited equipment)
  • 311930 – Flavoring Syrup and Concentrate
  • 311941 – Mayonnaise, Dressing, and Other Prepared Sauce 
  • 311942 – Spice and Extract Manufacturing
  • 311991 – Perishable Prepared Foods
  • 311999 – All Other Miscellaneous Food Manufacturing

Although SVEDC Staff and Business Advisors have the Industry knowledge to assist and provide guidance, the SVEDC facility does not have the equipment or space to incubate the following type of business:

• 11 – Agriculture , Forestry, Fishing and Hunting
  • 1111 – Oilseed and Grain Farming
  • 1112 – Vegetable and Melon Farming
  • 1113 – Fruit and Tree Nut Farming
  • 1114 – Greenhouse, Nursery, and Floriculture Production
  • 1119 – Other Crop Farming
  • 1121 – Cattle Ranching and Farming
  • 1122 – Hog and Pig Farming
  • 1123 – Poultry and Egg Production
  • 1124 – Sheep and Goat Farming
  • 1125 – Aquaculture
• 72 – Accommodation and Food Services
  • 722511 – Full-Service Restaurants
  • 722513 – Limited-Service Restaurants
  • 722514 – Cafeterias and Buffets
• 311 – Manufacturing – Food
  • 3111 – Animal Food Manufacturing
  • 3112 – Grain and Oilseed Milling
  • 3116 – Animal Slaughtering and Processing
  • 311830 – Tortilla Manufacturing
• 312 – Manufacturing – Beverage

Although the SVEDC Staff and Business Advisors can assist and provide guidance in the general business management concepts, the SVEDC Staff and Business Advisors do not have the industry knowledge to provide in-depth assistance or guidance. In addition the SVEDC facility does not have the equipment or space to incubate this type of business (other than providing an office space):

• 11 – Agriculture , Forestry, Fishing and Hunting
  • 1129 – Other Animal Production
  • 1131-1133 – Timber, Forest Nursery and Logging
  • 1141-1142 – Fishing and Hunting
  • 1152-1153 – Support Activities Animal Production and Forestry
• 21 – Mining, Quarrying, and Oil and Gas Extraction
• 22- Utilities
• 23 – Construction
• 313 – Manufacturing – Textiles
• 323 – Manufacturing – Printing and related
• 333 – Manufacturing – Machinery
• 334 – Manufacturing – Computer and electronic products
• 337 – Manufacturing – Furniture and related
• 31-33 – Manufacturing – Other
• 42 – Wholesale Trade
• 44-45 – Retail Trade
• 48-49 – Transportation and Warehousing
• 51 – Information
• 52 – Finance and Insurance
• 53 – Real Estate and Rental and Leasing
• 54 – Professional, Scientific and Technical Services
• 55 – Management of Companies
• 56 – Administrative and Support and Waste Management
• 61 – Educational Services
• 62 – Health Care and Social Assistance
• 71 – Arts, Entertainment and Recreation
• 72 – Accommodation and Food Services
  • 722515 – Snacks and Nonalcoholic Beverage Bars
  • 7211-7212 Traveler Accommodation and RV & Recreational Parks
  • 7213 – Rooming and Boarding Houses
  • 7724 – Drinking Places
• 81 – Other Services
• 91 – Public Administration