Latest News
New Mexico Receives $74 million to Boost Small Business Investment
SANTA FE, N.M. – The Economic Development Department announced today that the State of New Mexico has received up to $74.4 million from the U.S. Department of Treasury’s State Small Business Credit Initiative (SSBCI) to boost capital assistance and invest in socially and economically disadvantaged businesses. “Small businesses are the backbone of so many New Mexico communities, but they often have difficulty finding and qualifying for the assistance they need to grow and create jobs,” Gov....
Bitwise Industries Selects Downtown Las Cruces Building to Develop Local Tech Ecosystem
Today, Bitwise Industries (www.bitwiseindustries.com) announced it has partnered with local investors to acquire 201 N. Church St. Las Cruces, NM 88001, overlooking the popular Plaza de Las Cruces, as the home to its local operations in the city. Earlier this year Bitwise announced its expansion into Las Cruces and this latest development demonstrates the company’s continued commitment to provide tech services to the area, while developing a locally grown tech workforce. The new building is...
Major Projects Embrace Wide Open Rural Spaces
Available land, lower costs, and the desire to co-locate with suppliers and customers draw companies to rural locations, but satisfying infrastructure needs and access to talent shouldn’t be overlooked. By John W. McCurry Q3 2022 (source article) Visitors to Montana know the state’s nickname of “Big Sky Country” is well deserved. The state’s rural setting and wide open spaces, aside from being scenic, factored into the recent decision-making process of an international industrial company. The...
New Mexico Economic Development Department Recognizes 7 Partner Organizations for Professional Support, Certification
SANTA FE, N.M. – New Mexico Economic Development Cabinet Secretary Alicia J. Keyes announced today that seven community-based Economic Development Organizations (EDOs) around the state have been recognized for state certification by providing a high level of expertise and technical support to their communities. Economic Development Deputy Cabinet Secretary Jon Clark announced the first seven Certified EDO awardees at the New Mexico Governor’s Statewide Conference on Economic Development,...
State Announces Job Training Funds for 10 Companies, 254 Employees
State Announces Job Training Funds for 10 Companies, 254 Employees SANTA FE, N.M. – New Mexico Economic Development Department (EDD) Cabinet Secretary Alicia J. Keyes announced today that ten businesses were awarded Job training Incentive Program (JTIP) funds in September to help train 239 new employees and 15 current employees. Included in the $2.58 million awarded this month by the JTIP board for new trainees, funds were also allotted to the Roswell-based Pecos Valley Production, Inc....
EDD Hosting Statewide Economic Development Conference Registration still available for Sept. 26-27 economic workshops
SANTA FE, N.M. – The New Mexico Economic Development Department (EDD) will be hosting a statewide conference next week to improve collaboration and knowledge sharing between economic development experts from across the state in areas that will better diversify New Mexico’s economy and attract higher-paying jobs. The New Mexico Governor's Conference on Economic Development is taking place next Monday and Tuesday, September 26-27, at the Clyde Hotel in downtown Albuquerque. The September...
The new roadway will be connecting the Santa Teresa Port of Entry and the Santa Teresa industrial parks directly to the City of Sunland Park
The New Mexico Border Authority, in conjunction with the New Mexico Department of Transportation, is currently leading a feasibility and design of the planned Border Highway Connector. The NM Border Highway Connector has three potential alternative routes (A,B,C) within the city limits of Sunland Park on McNutt Road (see above). The new roadway will be connecting the Santa Teresa Port of Entry and the Santa Teresa industrial parks directly to the City of Sunland Park, improving cross-border...
Expansion to Mexican side of Santa Teresa Port of Entry expected to boost business, traffic in New Mexico
KVIA By Jason McNabb Published September 8, 2022 6:47 PM SANTA TERESA, New Mexico -- The Mexican government announced Wednesday that 440 million pesos, or just over 22 million dollars, will be invested in the Mexican side of the Santa Teresa port of Entry, ahead of expected rapid growth. Many Asian companies are moving their electric car battery production to Mexico, specifically south Juarez and imports of these are predicted to skyrocket. The point of entry gained some interest earlier this...
Dona Ana County receives $1.1 million to create tradeport
Doña AnaCounty, NM- The U.S. Department of Transportation announced an award to Doña Ana County in the amount of $1.1 million to invest in its efforts to plan, implement and operate an integrated logistics hub, being referred to as the Tradeport. "The County looks forward to working with the Federal government as we develop what the future of an intermodal center can be," said County Manager Fernando Macias. "This latest announcement marks several wins for projects underway at the industrial...
MVEDA at New Mexico Governor’s Conference on Economic Development
Preparing for a Year of Renewed Energy Join us for the return of a critical gathering of economic developers and community leaders from across New Mexico for discussions regarding economic development strategies, best practices and plans for success in alignment with the state’s 20-year Economic Development Strategic Plan. Network with colleagues, legislators, local elected officials, and some featured keynote speakers and experts. September 26 - 27, 2022 at The Clyde Hotel in Downtown...
