NMEDD Press Releases

New Mexico MainStreet Announces New Frontier Communities

May 23, 2018

Santa Fe, N.M. - Today, New Mexico MainStreet announced that the communities of Cimarron, Conchas Dam, Rodeo, and Taos Pueblo have been selected to participate in MainStreet's Frontier Communities Initiative. The Frontier Communities Initiative is project-based and designed to serve New Mexico's rural communities, less than 7,500 in population, through catalytic economic development projects that have substantial impact on job creation, business development, leveraging of private sector reinvestment, and/or enhancement of the community's economic environment.

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Governor Susana Martinez Announces Opportunity Zone Designations for New Mexico

May 21, 2018

Santa Fe, N.M. - Today, Governor Martinez announced sixty-three Opportunity Zone designations in New Mexico. The Tax Cuts and Jobs Act created Opportunity Zones to spur investment in distressed communities throughout the country. New investments in Opportunity Zones can receive preferential tax treatment. New Mexico's Opportunity Zones are located in rural, tribal and urban communities in 22 counties.

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EDD Announces $250,000 to Assist Small Science & Technology Companies

May 17, 2018

Santa Fe, N.M. - Today, Economic Development Secretary Matt Geisel announced that three New Mexico companies will receive New Mexico Small Business Innovation Research (NMSBIR) Matching Grants to help their businesses grow. The NMSBIR program is designed to support science and technology companies by assisting them in business development, technology commercialization and entry to market.

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Governor Susana Martinez Announces $1.6 Million Catalyst Fund Commitment to NMA Ventures

May 16, 2018

Albuquerque, N.M. – Today, Governor Susana Martinez announced that NMA Ventures will receive up to $1.6 million from the Catalyst Fund to invest in New Mexico startups. This commitment will leverage $2.6 million in funds from NMA Ventures, to be invested in New Mexico startups, bringing the total potential investment from this commitment through the Catalyst Fund up to $4.2 million.

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Governor Susana Martinez Welcomes Leading Healthcare Services Provider to NM with up to 244 New Jobs

April 10, 2018

Albuquerque, N.M. - Today, Governor Susana Martinez welcomed Carenet Healthcare Services to Albuquerque with up to 244 new jobs over the next five years. The San Antonio based company will invest $3 million in a downtown Albuquerque location. Carenet's expansion to Albuquerque will be supported by New Mexico's closing fund, LEDA, and Job Training Incentive Program, JTIP.

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2NDGEAR to Create 100 New Tech Jobs in Albuquerque

April 09, 2018

Albuquerque, N.M. - Today, Governor Susana Martinez and Albuquerque Economic Development welcomed 2NDGEAR to Albuquerque. 2NDGEAR is a leading provider of certified refurbished IT equipment for educational systems, based in California. The company's expansion, supported by New Mexico's Job Training Incentive Program (JTIP), will create 100 new jobs in Albuquerque.

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EDD Announces Dairy Leader Expanding in Chaves County

April 04, 2018

Today, the Economic Development Department announced that Leprino Foods Company will invest over $15 million to expand their Chaves County manufacturing facility, add five new jobs, and commit to retaining a minimum of 552 jobs on site. New Mexico's closing fund, LEDA, will support Leprino Foods's expansion and the construction of a refrigerated/freezer warehouse.

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Governor Susana Martinez Announces $5 Million to Help Small Businesses Grow

March 21, 2018

Santa Fe, N.M. - Today, Governor Susana Martinez announced the Credit Enhancement Program (CEP), a fund of up to $5 million to help small businesses grow and thrive by accessing the loans they need to purchase equipment, inventory and other needs. The CEP help provide collateral assistance for small businesses seeking loans to support growth and expansion for qualifying New Mexico small businesses.

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Governor Susana Martinez Announces Vitality Works Expanding, Creating Up To 80 New Jobs

March 01, 2018

Albuquerque, N.M. - Today, Governor Susana Martinez announced that Vitality Works, an Albuquerque based manufacturer, will expand its operations, creating up to 80 new manufacturing jobs. Vitality Works' expansion will be supported by New Mexico's closing fund, LEDA, as well as the Job Training Incentive Program (JTIP).

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New Mexico MainStreet Program Partners Receive National Accreditation for their Community-Based Economic Revitalization Work

February 21, 2018

Santa Fe, N.M. - Today, the Economic Development Department announced that the National Main Street Center and its partners have accredited local New Mexico MainStreet programs in recognition of their exemplary commitment to historic preservation and community revitalization through the Main Street Four-Point Approach®. This accreditation will allow them to continue their work in revitalizing downtown economies.

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