NMEDD Press Releases

Secretary Geisel Announces Expansion of Two New Mexico Companies and Creation of 70 New Jobs

November 27, 2017

Los Alamos, N.M. - Today Secretary Matt Geisel announced the expansion of two New Mexico companies and the creation of 70 new jobs in Santa Fe and Los Alamos. Descartes Labs will create 50 new jobs with the expansion of their headquarters in Santa Fe and UbiQD will create 20 new jobs with the expansion of their headquarters and manufacturing facility in Los Alamos. Both companies are successfully commercializing technology developed at Los Alamos National Laboratory.

View Press Release

Governor Susana Martinez Announces Latest Expansion of Facebook’s Los Lunas Data Center Four More Buildings Will Support Thousands of Jobs for Years to Come; Over $1 Billion Total Investment

November 14, 2017

Los Lunas, NM— Today, Governor Susana Martinez and Facebook announced the latest expansion of the Los Lunas Data Center, bringing Facebook’s total investment in the project to over $1 billion. Facebook will add four more buildings to the Los Lunas campus, in addition to the two already under construction.

View Press Release

Governor Martinez Announces National Recognition of New Mexico's Improved Business Climate

November 03, 2017

Santa Fe, N.M. - Today, Governor Susana Martinez announced that New Mexico has been ranked in Site Selection Magazine's Top State Business Climate Rankings. New Mexico came in at 22nd in the national business climate ranking and 17th in the Executive Survey Rank. A primary component of the ranking is based on a survey of corporate site selection professionals.

View Press Release

JTIP Board Awards $5,134,207.04 in the 1st Quarter of FY17, for 549 Jobs 20 New Mexico companies in 11 communities received funding for on-the-job training for newly created jobs

October 26, 2017

Santa Fe, N.M. - Today, the New Mexico Economic Development Department announced that the Job Training Incentive Program (JTIP) board approved $5,134,207.04 to help 20 New Mexico companies, in 11 communities, expand their workforce, adding 549 jobs and providing enhanced skills training to 51 workers across the state. Companies utilizing JTIP during the first quarter ranged from large manufacturers to cybersecurity startups.

View Press Release

Governor Susana Martinez, Raytheon Cut Ribbon on New Albuquerque Manufacturing Facility

October 16, 2017

Albuquerque, N.M. - Today, Governor Martinez joined Raytheon for the ribbon-cutting ceremony on the company's new Albuquerque manufacturing facility. The expanded operations will continue to support key missions for the U.S. military and coalition partners.

View Press Release

Secretary Geisel Announces $2 Million Catalyst Fund Commitment to ABQid

September 27, 2017

Albuquerque, N.M. - Today, Economic Development Secretary Matt Geisel announced that ABQid will receive up to $2 million from the Catalyst Fund to invest in New Mexico startups. This commitment will leverage matching funds from ABQid, to be invested in New Mexico startups, bringing the total potential investment from this commitment through the Catalyst Fund up to $5 million.

View Press Release

NMEDD Announces the Launch of the Innovation Voucher Program Program Will Help New Mexico Startups Grow and Expand

September 19, 2017

Santa Fe, N.M. - Today, Economic Development Secretary Matt Geisel and the Technology Research Collaborative announced the launch of the Innovation Voucher Program. This competitive grant is designed to enable early stage science and technology companies, in New Mexico, to receive small amounts of funding to help offset costs during critical moments of company growth.

View Press Release

Governor Susana Martinez Announces More Than 2,000 Jobs Created Through JTIP in 2017 Nearly 10,000 Jobs Created Through JTIP Since 2011

August 28, 2017

Albuquerque, N.M. - Today, Governor Susana Martinez joined local business leaders to announce that JTIP created more than 2,000 jobs in 2017. This brings the total amount of JTIP jobs created over the last seven years to nearly 10,000. The program also saw its second-highest average rural wage at more than $21 an hour.

View Press Release

New Mexico MainStreet Partners Receive Our Town Program Funding from the National Endowment for the Arts

August 23, 2017

Santa Fe, N.M. - Today, New Mexico MainStreet (NMMS), a program of the New Mexico Economic Development Department, announced that more than $300,000 has been awarded to MainStreet partners to support the arts in New Mexico. The City of Albuquerque, the City of Gallup and Creative Startups partnering with Zuni Pueblo have received funding to support their work as centers of arts and innovation and build on their cultural assets to activate their downtown economies.

View Press Release

Governor Martinez Announces $1.5 Million Investment in Armonica Technologies, Inc. Armonica Receives Catalyst Fund Investment

August 21, 2017

Albuquerque, N.M. - Today, Governor Susana Martinez announced a $1.5 million investment in Armonica Technologies, Inc. Armonica is the second New Mexico startup to receive Catalyst Fund investment, which leverages private investment for early stage startups - anchoring them in New Mexico.

View Press Release