Santa Fe startup Parting Stone has received a $100,000 investment from the Arrowhead Center at New Mexico State University.
The financial injection allows the company, which creates rounded stones from cremated remains, to add a production manager, sales representative, marketing manager and to bring on a public relations company. The company has 14 employees but is quickly growing, CEO Justin Crowe said.
Parting Stone also was awarded a state Job Training Incentive Program grant worth up to $136,360 to train 19 employees. The New Mexico Economic Development Department reimburses businesses once training is completed.
Parting Stone trained four employees with a previous JTIP grant that will reimburse the company $65,000.
Santa Fe-based Marty's Meals also received a JTIP grant last week valued at $17,160 to train one employee.