Economic Development New Mexico logo
Three color line

Asian parts manufacturer picks New Mexico for expansion

July 3, 2023SANTA TERESA, N.M. – The New Mexico Economic Development announced Monday that a major Asian auto-parts supplier will be constructing a factory in New Mexico’s Santa Teresa Borderplex and hiring 350 employees.

JTIP assisted 72 New Mexico Businesses in 21 communities in FY 2023

June 27, 2023SANTA FE, N.M. – The New Mexico Economic Development Department (EDD) approved funding to support up to 1,255 jobs through the Job Training Incentive Program (JTIP) for fiscal year 2023 and is now seeing the highest ever average wage for the program, EDD...

EMPLOYMENT NEWS RELEASE

June 16, 2023New Mexico’s seasonally adjusted unemployment rate was 3.5 percent in May, unchanged from the rate in April and down from 4.1 percent in the previous year. The national unemployment rate in May was 3.7 percent, up from 3.4 percent in April and up from 3.6...

New Mexico sees highest job numbers in history

June 16, 2023New Mexico’s economy delivered exceptionally strong job growth in May and, along with falling unemployment levels, the state is now seeing the highest number of jobs in its history.

Franklin Mountain Packaging Announces New Mexico Expansion

June 5, 2023SANTA TERESA, N.M. – New Mexico Economic Development Department (EDD) Cabinet Secretary Alicia J. Keyes announced today that Franklin Mountain Packaging, a manufacturer specializing in producing high quality corrugated micro-flute sheets and digital print...