New Mexico Small Offerings by Issuers with Local Operations is a type of securities offering that allows businesses in New Mexico to raise capital from local investors. It is a way for small businesses or start-ups to fund their operations, while providing local investors with a chance to invest with less risk. The New Mexico Small Offerings by Issuers with Local Operations is available to businesses that are incorporated in New Mexico or are doing business in the state. It is also available to businesses that are based outside of New Mexico, but have operations within the state. Businesses must meet certain requirements, such as filing a registration statement with the New Mexico Securities Division and providing financial statements to investors. There are two main types of New Mexico Small Offerings by Issuers with Local Operations: Regulation A+ and Intrastate Offerings. Regulation A+ is a federal exemption that allows small businesses to raise capital from both accredited and non-accredited investors. Intrastate Offerings are offerings that must be sold only to New Mexico residents. Both types of offerings are subject to certain restrictions and must meet certain filing requirements.