The Economic Development Department hosted their second annual Job Creators Day at the New Mexico State Capitol on January 18, 2018. It was an opportunity for local business owners, employees, economic developers, and legislators to come together and celebrate those who create jobs in our state.
Cabinet Secretary Matt Geisel emceed the event and introduced Representative Larry A. Larrañaga and Representative Patricia Lundstrom, both of whom are committed to economic development tools and tax reform. Spokespeople from the following companies took turns talking about how EDD programs have had a positive impact on their businesses: Raytheon, RiskSense, Inc., Truth or Consequences Brewing Co., CIG Logistics, Descartes Labs, Vitality Works, PreCheck Inc., Southwest Cheese, and Meow Wolf.
Each speaker told inspiring stories of overcoming barriers to find success in New Mexico. Every company utilized one or more of the State’s economic development tools: LEDA, JTIP, MainStreet, International Trade, New Markets Tax Credits, and more. The following stories are perfect examples of how EDD’s economic toolbox helps small businesses & entrepreneurs succeed while creating good jobs for New Mexicans.
John Masterson told the story behind Truth or Consequences Brewing Company. While on vacation, John and (his wife) Marianne fell in love with the quirky, artsy town of T or C. They decided to bring their business and technology skills to New Mexico from Seattle. John outlines how LEDA, MainStreet, and the New Mexico Finance Authority helped them renovate a downtown building and open their new brewery in June 2017.
Mark Fidel tells the story of RiskSense, an innovative, research-driven cyber security company that employs 76 professionals in Albuquerque. RiskSense is a spin-off of the New Mexico Institute of Mining and Technology and their CEO, Srinivas Mukkamala, is still a senior researcher there. RiskSense is dedicated to hiring local talent and using JTIP to train new employees with valuable skills.
Mitchell Coven was hitchhiking through Albuquerque in the ‘80’s when he fell in love with New Mexico. He decided it was the perfect place to start his business, Vitality Works, makers of natural herbal, vitamin and nutraceutical supplements. The company has 235 employees and is one of the larger nutraceutical manufacturers in the United States. JTIP, IRB, LEDA, the High Wage Jobs Tax Credit, and the New Markets Tax Credit supported their expansion. All of them? They? train employees with valuable skills to a variety of workers.
Video of the entire event can be found here: https://youtu.be/4U1FP3Yimzo