June 1, 2021U.S. Hub For Chip Modernization Will Create 700 High-Paying Jobs Intel plans to invest $3.5 billion in its New Mexico operations and hire more than 700 new workers to create a domestic hub for advanced semiconductor manufacturing at its fabrication...
State Focuses on Rebuilding Jobs
January 11, 2021When the Great Recession ended in 2009, it took the United States five years to regain lost jobs. In New Mexico, recovery took twice that long, with the state surpassing its pre-recession employment levels just before the COVID-19 pandemic brought the...
SavantX Considers Utah, Idaho, Oregon & California: Chooses New Mexico
June 24, 2020SavantX, Inc., a quantum computing company, has selected New Mexico over four other states for its corporate research headquarters. The company was started in Jackson, WY in 2015. It uses artificial intelligence to analyze datasets, identifying...
HAPSMobile is in the Global Broadband Race from Space
June 22, 2020HAPSMobile is a joint venture of California-based AeroVironment and SoftBank Corp. of Japan. Unlike the other contenders, HAPSMobile plans to use high-flying, solar-powered planes and high-altitude platforms, called HAPS. According to the news release...
Cabinet Secretary Keyes on Systemic Racism & the Role of Businesses
June 9, 2020Though I cannot fully understand what it is like to not feel protected or valued because of my race, I acknowledge that the cultural structure America operates in, through law enforcement and beyond, is rooted in systemic racism. There are many New Mexico...
An Exceptional Start
December 26, 2019During Gov. Michelle Lujan Grisham’s first year in office, the New Mexico Economic Development Department has helped create over 1,700 jobs, boosted private investment in the state by $740 million, and awarded job-training grants for 2,100 new workers...
Northern California Company Selects Cimarron
December 17, 2019Lance Forest Products LLC will be hiring 40 employees to operate a sawmill the company is relocating to Cimarron. The State of New Mexico is investing $350,000 in LEDA funds in the project which is part of an effort to reinvigorate the timber sector...
Pebble Labs Expands & Announces Breakthrough in the Elimination of the Zika Virus
July 9, 2019Pebble Labs is working to clear mosquitoes of the Zika Virus with an investment from the State of New Mexico. Today, July 19, 2019, Gov. Lujan Grisham and NMEDD Sec. Alicia J. Keyes pledged $4 million in LEDA funds to facilitate the expansion of this...
Second Major Studio Chooses Albuquerque
June 14, 2019Today, June 14th, Gov. Michelle Lujan-Grisham announced that NBCUniversal has chosen Albuquerque for a production facility that will employ 330. An expanded Film Production Tax Credit, $75M LEDA deal closing fund, the partnership of the Garcia family, and...
Growing Rural Communities from Within
June 6, 2019Agriculture is one of our state’s most treasured indigenous industries and its oldest. You may not see it in urban areas, but it remains critical to the economies of rural New Mexico. On June 5th the State and its Economic Development Department (EDD)...