NMEDD Press Releases - October 2018

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

NMA Ventures Makes First Investment in a New Mexico Company

October 31, 2018

Santa Fe, N.M. – Today, the Economic Development Department announced that Catalyst Fund recipient NMA Ventures has made its first seed investment. The fund has invested $300,000 in Santa Fe-based company Fusion Funnel, LLC. The company is a software-as-a-service company that offers an automated solution for gathering sales intelligence.

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New Mexico MainStreet Announces Truth or Consequences to Participate in the “Great Blocks on MainStreet” Program

October 25, 2018

Santa Fe, N.M. - Today, New Mexico MainStreet (NMMS) announced that MainStreet Truth or Consequences and the City of Truth or Consequences have been selected to participate in the "Great Blocks on MainStreet" program. They will receive services from a team of landscape architects, architects and design professionals to redevelop a section of their MainStreet District. The program was developed to provide comprehensive design assistance to high-capacity MainStreet Districts with an economic revitalization project. Truth or Consequences will address a major redesign of three blocks within their district, beginning with an innovative and intensive redesign/public infrastructure project on Foch Street between Main Ave. and Broadway St.

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Governor Susana Martinez Announces Expansion of Homegrown High-Tech Manufacturing Company

October 22, 2018

Albuquerque, N.M. – Today, Governor Susana Martinez announced that homegrown high-tech manufacturing company, 3D Glass Solutions (3DGS), will expand their headquarters location in Albuquerque and create up to 139 new high-wage, high-tech manufacturing and technology jobs. The average salary for positions at 3DGS is $60,000 a year. The company also plans to invest more than $23 million over the next five years. The expansion is being supported by New Mexico's closing fund, LEDA, as well as the Job Training Incentive Program, JTIP.

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EDD Announces Expansion of Homegrown Santa Fe Storefront and Manufacturing Facility

October 11, 2018

Santa Fe, N.M. – Today, Economic Development Cabinet Secretary Matt Geisel announced that Santa Fe pet food company Marty’s Meals will expand operations, creating up to 11 new manufacturing jobs. Marty’s Meals will also invest over $2 million over the next ten years to expand to an 8,000 square foot storefront and manufacturing facility which opens in November.

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Economic Development Department Announces Grand Opening of Descartes Labs New Headquarters

October 01, 2018

Santa Fe, N.M. - Today, Economic Development Cabinet Secretary Matt Geisel and Descartes Labs celebrated the grand opening of Descartes' new renovated headquarters location in downtown Santa Fe. Descartes Labs is investing over $2 million to renovate the facility as well as creating 50 new jobs. The expansion was supported by New Mexico's closing fund, LEDA, as well as the Job Training Incentive Program, JTIP.

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