program to support the businesses along Albuquerque’s historic Route 66 streetway during
the Bus Rapid Transit construction project. The City of Albuquerque supported the
development of the Small Business Resource Collaborative (SBRC). SBRC is an alliance of local
nonprofit small business organizations, business advocates, business consultants, and small
business owners to grow a sustainable small business economy in Albuquerque. We support
small businesses up to $2 million in annual revenue that rely heavily on walk-in traffic and are
located on Central Avenue. During 2016 and 2017, the SBRC met with over 350+ businesses
providing direct, on the ground high touch support to keep our businesses open.
During this pilot phase, we learned that within the ABQ business ecosystem of services, tools
and resources, there was still great reluctance or awareness to access and use these
resources. We found that our backpack model of bringing the support to the business was the
first time that many of our clients had ever engaged support services and for many found that
they had stopped innovating the day their business opened. As the bus rapid transit
construction comes to an end, the SBRC will take these learnings and evolve our program to
provide to the broader City of Albuquerque community.
RCLLC will spend 2018 working with organizations to test concepts to provide equitable access to Native Entrepreneurs as well as capture best practices to support a peer-to-peer learning group that would grow to include more organizations to launch and test Co-Op Capital in their own communities.