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Press Release


August 16, 2013

(Albuquerque, NM) The University of New Mexico Small Business Institute (SBI) at the Anderson School of Management is now accepting applications from small business owners looking for assistance in business projects such as marketing, expansion, financing, or business plans.

SBI works with businesses by connecting them with graduate and undergraduate students who are guided by members of the UNM Anderson faculty. These mutually beneficial partnerships offer students the opportunity to experience real life challenges while providing businesses with management assistance, expertise, and guidance at an affordable rate. The cost for this service is priced at $500. The rate covers SBI scholarship funding and is reasonably inexpensive when compared to the cost of a professional consultation.

The owner of a local Albuquerque recycling business, and former SBI client, said he was pleased with his comprehensive business plan saying it would have cost him several thousand dollars to get the same services from a private consulting firm. SBI students examined the cost and capital he needed to grow his business in a new location and provided him with a five year business plan.

Stacy Sacco, the new SBI Associate Director, says this program is an excellent value for business owners.

"Students not only have access to Anderson instructors, but also several major business databases that would normally cost thousands of dollars to utilize," says Sacco.

Founded in 1978, the SBI has successfully assisted over six hundred businesses including startup companies, expanding businesses, non-profit organizations, and family businesses. This past year, two of the projects completed by SBI students in 2012 earned 2nd and 3rd place honors in their categories at the national SBI competition. This ranks Anderson SBI as one of the top Small Business Institutes in the nation.

To participate in this program small business owners can submit an application online at The deadline to be considered for the Fall Semester is Wednesday, August 28.

For additional information on the Small Business Institute program please contact David Hammitt at or (505) 277-8869.


The Anderson School of Management at the University of New Mexico is dedicated to excellence in professional management education. At the Anderson School, faculty, staff, and students are committed to shaping the intellect and character of the next generation of business leaders, advancing the knowledge and practice of management, promoting economic development, and building a vibrant intellectual community that serves the highest and best interests of all our stakeholders.

The School was founded in 1947 and now offers more than a dozen concentrations at the BBA and MBA levels and is accredited by the Association to Advance Collegiate Schools of Business in the top 20% of business schools in the nation. The School is funded by the State of New Mexico and further support is generated by The Anderson School of Management Foundation. For more information, the public can visit, email, or call (505) 277-6471.