NMEDD Press Releases

Cabinet Secretary Alicia J. Keyes was recently interviewed on the KUNM radio program Women’s Focus.

Kairos Power Selects Albuquerque for Research and Development Center

December 13, 2019

ALBUQUERQUE – Kairos Power LLC, an innovative CleanTech engineering company, has chosen Albuquerque as its home for a new engineering center to support the development of its advanced reactor technology. The company will be located in Albuquerque’s Mesa del Sol master-planned community, where it plans to purchase an existing building on 32 acres of land for future expansion. Over the next few years, the company will invest up to $125 million on the campus and create more than 65 highpaying jobs.

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Innovation Research Grants awarded to local technology companies

December 12, 2019

Economic Development Secretary Alicia J. Keyes announced that three New Mexico companies will receive New Mexico Small Business Innovation Research (NMSBIR) Grants to help their businesses grow

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State invests in Timber and Sawmill project

December 11, 2019

The State of New Mexico is investing $350,000 in Lance Forest Products LLC, which is relocating a sawmill business to Cimarron as part of an effort to reinvigorate the timber sector in Northeast New Mexico.

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Outdoor Recreation Division launches new website

December 10, 2019

New Mexico Economic Development Department’s (EDD) Outdoor Recreation Division (ORD) has launched an independent website on Friday, Dec 6. The new ORD site will be a valuable resource for outdoor recreation companies looking to expand or relocate, as well as nonprofits and government agencies looking to get involved with the division’s work.

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Youth Conservation Corp announces country’s first-ever Outdoor Equity Fund

December 10, 2019

The Youth Conservation Corp (YCC) announced today that it is accepting donations for the country’s first-ever Outdoor Equity Fund (OEF). New Mexico recognizes that access to the outdoors is a basic human need – yet it’s one that has too often been denied to many of our youth. With the creation of the OEF, the state pledges a promise to its children: we want all our youth to get outside.

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New Mexico Partnership Unveils New Website Features to Showcase Available Commercial Land and Property

December 06, 2019

The New Mexico Partnership in conjunction with the State Economic Development Department has launched two new pages on its website that bring together commercial properties available for companies looking to grow or expand in New Mexico.

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Virginia-based Faneuil locates business center in Albuquerque

December 05, 2019

Company set to hire over 700 employees

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EDD invests in Las Cruces hemp manufacturing firm; 420 Valley will hire 55 employees for mid-2020 production

December 04, 2019

The New Mexico Economic Development Department has pledged to invest $400,000 in a hemp production and processing business in Las Cruces that will help farmers grow the plant and then manufacture from its ingredients.

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Outdoor Recreation Division has awarded first-ever grants aimed at growing the outdoor economy

December 02, 2019

The New Mexico Economic Development Department's Outdoor Recreation Division has awarded the first-ever grants to business start-up organizations aimed at growing the outdoor economy.

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5 New Frontier & Native American Community Projects Funded

November 26, 2019

New Mexico MainStreet (NMMS) has accepted economic development projects from five rural communities as part of the Frontier & Native American Communities Initiative: Picuris Pueblo, Pueblo of Laguna, Pueblo of Pojoaque, the Village of Folsom, and the City of Lordsburg. These communities receive professional services and technical assistance from NMMS to implement and complete the proposed project within 12-18 months. Projects must demonstrate job creation, business development, private sector investment, or enhancement of the community’s economic environment.

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