Want to start a restaurant? Do you have a new food concept? Overwhelmed? Then you’ve come to the right place! We are here to help reduce the risk associated with the food industry. The Local Innovators Institute is an 7-week educational course that covers business plan development, menu pricing, New Mexico Health Department requirements, and branding; as well as hands-on experience in our food truck.
Lovington MainStreet’s economic transformation goal is to create a dining and entertainment district in downtown. To ensure our success, we have developed a restaurant accelerator pilot program to assist innovative entrepreneurs.
There is a competitive application process and $50 application fee; we only accept 5 candidates.
The program includes 5 weeks of classroom training and 2 weeks of hands on training in “Big Blue” (i.e., mobile food truck use). Restaurant mentors are also provided. During the time they use the food truck, participants will be required to report a weekly Profit & Loss statement, and 3% of profits will be paid to Lovington MainStreet. Participants will keep 97% of the profits made during their time in food truck, and a Profit & Loss Template will be provided. Participants will also present to investors and bankers in a Demonstration Day at the end of the program.
Click here to download the 2021 application, or select the button below to apply online.
The Local Innovators Institute runs once a year. Applications open January 4th, and close at 5p.m. on February 5th. Selected candidates will be notified February 19th, and will begin in-classroom training March 1st. Upon completion of 13 hours in required instructional time, each candidate will spend 2 weeks running “Big Blue” (our food truck), in Downtown Lovington.
For more information, please call 575.399.1418.