Content related to ‘new mexico’
Significant improvements to the state’s business climate are only part of the reason why it’s time to take a closer look at New Mexico. Visit the New Mexico Partnership’s Location Spotlight and learn more about the Land of Enchantment.
The Global Biotech Industry is the focus of Business Facilities’ March/April 2016 issue, along with our annual Economic Development Awards. Plus, a look at the Aerospace Industry.
Rapid advances in technology for new medical devices are outpacing evolving regulatory frameworks, creating a challenge for this sector.
Rural Sourcing Inc. (RSI), a domestic IT sourcing company focused on cost-effective onshore software development and support, will open its fourth Software Development Center in Albuquerque, NM, adding 125 new jobs to the local economy.
From the mountains of Utah to the desert in New Mexico, Digital Media pioneers are making magic from pixels in university and government labs that are launching a new growth sector in virtual space.
Aircraft Technical Support (ATS), a Florida-based international aviation service and support company, will expand its Roswell operations and expects to hire 140 new workers in the next year.
Albuquerque: Colonial Past, Sustainable Future Dubbed the “Land of Enchantment,” Albuquerque is an arid, sunny metropolis of about 840,000 people, making it New Mexico’s most populous city. Spread over four counties in the heart of the state, Albuquerque’s essence is difficult to define-both the Sandia Mountains and the Rio Grande run through the city, a former Spanish colonial outpost set within the Chihuahuan Desert. But today, Albuquerque has a modern face thanks to its central location in New Mexico’s Technology Corridor, home to Sandia National Laboratories, Intel, and soon, Hewlett Packard. Sustainable energy also is part of the city’s forward-thinking outlook; 20% of Albuquerque’s electricity is drawn from wind turbines, and a cluster of renewable energy companies has formed in Mesa del Sol, a master-planned community in southern Albuquerque. SCHOTT AG, a German solar power company, recently broke ground there, which is a smart move since the sun shines over Albuquerque more than 300 days per year. Getting Around ABQ Albuquerque MSA Population: 840,000 Labor Force: 407,921 Employment: 392,965 Unemployment: 14,956 NM Unemployment Rate: 3.7% U.S. Unemployment Rate: 5.5% Source: New Mexico Department of Workforce Solutions, May 2008 The Albuquerque metropolitan area is serviced by two interstate highways, I-25 and I-40. The local transit agency, ABQ RIDE, operates a series of city buses, while a commuter rail line called the New Mexico Rail Runner Express has serviced Albuquerque since 2006. A rail extension linking to Santa Fe, NM is expected to be finished by the end of 2008. For jet setters, Albuquerque International Sunport is just three miles from the central business district. Also, Double Eagle II Airport is available for both charter and private flights. Rio Rancho Says Howdy to Hewlett Hewlett-Packard announced in June plans to open a technical support center in Rio Rancho, a growing city within Albuquerque’s MSA. Several hundred workers will be hired when the center opens, and the workforce could swell to 1,300 employees by 2012. “This is one of the most significant economic development agreements we’ve ever made,” says New Mexico Governor Bill Richardson. The state has offered the computer giant a bevy of financial incentives that could total $40 million. The largest portion of incentives-$20 to $30 million-would come from New Mexico’s high-wage jobs tax credit program, while the remaining $10 million would come in the form of job training initiatives. Richardson also will lobby the state legislature to approve $12 million in funding to help offset infrastructure costs. The center could open by next summer, though an exact location has not […]
New Mexico BorderPlex—ROCKET-POWERED DEVELOPMENT CITY OF LAS CRUCES • Type of Government: City Manager, City Council • Councilors/Commissioners: 6 Elected by district • Leadership: Mayor, Elected at large • Employees: 1,505 • Police/Sheriff’s Department: 164 Officers • Other Law Enforcement: Do–a Ana County Sheriff’s Dept., New Mexico State Police • Fire Department: 123 firefighters • Fire Insurance Rating: Class 4 • Planning Commission: Yes • Zoning Regulations: Yes The BorderPlex Region, comprised of the Las Cruces NM MSA (Do–a Ana County), the El Paso TX MSA and Ciudad Juarez, Chihuahua, Mexico is the largest metropolitan area along the U.S.-Mexico border. This dynamic area is home to more than 2.7 million people and offers unlimited opportunities for business location and expansion. Situated in the middle of the Rio Grande River basin, it offers a superb quality of life with more than 330 days of sunshine and a multitude of recreational and cultural activities. Since 2000, the Las Cruces NM MSA labor force has grown at twice the national rate in the U.S., and employment has grown at almost three times the national annual average. The Las Cruces area is an aerospace hub that is home to the White Sands Missile Range and Spaceport America, a commercial launch facility. Year-end reported gross receipts (all industries) for 2007 increased 10.2% over 2006 and retail sales gross receipts increased 12% during the same period. Manufacturing and business services led all sectors with increases ranging from 19.8% to 46.7%. Spaceport America—Sending Commerce into Outer Space The nation’s first purpose-built commercial space facility, Spaceport America, is under development 40 miles north of Las Cruces in Southern Sierra County. Spaceport America will provide commercial space launch services for a wide variety of space-related industries. Construction of the spaceport is funded primarily by the State of New Mexico as well as Do–a Ana County and Sierra County residents, who have passed tax referendums to support the project. Working together with Virgin Galactic, New Mexico Spaceport Authority unveiled the design of the spaceport in September 2007. Since then, Memorandums of Understanding have been signed with future tenants including Virgin Galactic, Lockheed Martin, UP Aerospace, and Microgravity Enterprises. Pending licensing by the FAA, construction of the main terminal is scheduled to begin in early 2009. Welcome centers will be built in Hatch (Do–a Ana County), home of world-famous Hatch chile, and Truth or Consequences (Sierra County) from which visitors will be able travel to the spaceport to view launches. Located just east of Las Cruces, White Sands Missile Range (WSMR) […]
New Mexico is becoming a model state for “green” business development and practice.