Economic Development News
Friday, July 13 2018
Stampede Meat will invest more than $36 million in Modern Facility
Sunland Park, NM — Governor Martinez was joined by state and local leaders to announce that Stampede Meat will expand to Sunland Park creating up to 1,295 new food processing and manufacturing jobs over the next five years. The company will invest more than $36 million in infrastructure and the renovation of the former Tyson plant in Sunland Park. New Mexico beat out Oklahoma, Texas and Iowa for the competitive expansion.
"It’s an honor to welcome Stampede and their large-scale job creation to New Mexico," said Governor Susana Martinez. “Since day one, we’ve been committed to making New Mexico business-friendly, and it’s paying off. We’ve cut taxes, slashed through red tape and strengthened our key economic development tools – and now companies like Stampede, Facebook, Safelite, and many more are expanding and creating jobs in New Mexico.”
Tuesday, April 17 2018
New Mexico emerges as a leader, growing wind power faster than any state
Santa Fe, NM — Wind power, the largest source of U.S. renewable electricity generating capacity, now supplies more than 30 percent of the electricity in four states, Iowa, Kansas, Oklahoma, and South Dakota, after strong growth in 2017. Industry leaders released the news from the state capitol in New Mexico, a rising star for wind power. New Mexico added wind power capacity at a faster rate than any other state last year.
The rapid expansion of American wind power reflects its key role at the center of a transformation in the country’s electricity sector – bringing consumers more affordable, clean, and reliable energy while growing the economy. The industry’s latest trends and milestones from 2017 are detailed in the American Wind Energy Association (AWEA) U.S. Wind Industry Annual Market Report 2017 released today. According to the new report, more American homes and businesses use wind energy than ever before and the industry employs a record 105,500 men and women across all 50 states.
Tuesday, April 10 2018
Albuquerque, NM — Leprino Foods, a Denver-based company that claims to be the world’s largest mozzarella cheese maker, is investing $15 million to expand its Roswell manufacturing plant.
The state is providing up to $200,000 for the expansion through the Local Economic Development Act.
The expansion will add five jobs to the 552 already at the site, according to a news release from the state’s Economic Development Department.
Tuesday, March 01 2016
Los Alamos, NM -- Los Alamos County announced today that Los Alamos and Los Alamos-based Descartes Labs has signed a lease on a 3,000 square foot commercial building abutting Los Alamos Canyon in downtown Los Alamos. The property located at 1925 W. Trinity Drive was built in 2012 by the Los Alamos Department of Public Utilities in partnership with the Japanese government’s New Energy and Industrial Technology Development Organization (NEDO) who invested $30 million in Los Alamos to test and validate smart electric grid equipment capabilities. After NEDO completed their research, the building sat vacant for over a year and was recently remodeled to accommodate commercial office use.
Descartes Labs had outgrown their former space in Los Alamos and was being heavily courted to relocate to another community. The vacant NEDO smart house was quickly converted by the County to serve the needs of a new high tech firm like Descartes, removing bedroom walls to create an open floor plan with just a few small offices. The building already contained a full kitchen with top of the line Japanese smart appliances, a solar array, and LED lighting.
Thursday, August 27 2015
Las Cruces, NM -- CyraCom Language Solutions, a worldwide provider of interpreting services, will be expanding its Las Cruces office. Governor Susana Martinez announced that 100 new employees will be added to CyraCom’s Las Cruces operation to meet growing demand for its services, bringing the Las Cruces staff to 200 employees.
Friday, July 24 2015
A combined City of Las Cruces and State of New Mexico trade mission recently returned from a location promotion tour in Taiwan, and they have identified some promising prospects for New Mexico and the Las Cruces. The four person trade delegation was led by Lieutenant Governor John Sanchez and City of Las Cruces Economic Development Coordinator Gary Camarano. The delegates traveled to Taiwan on June 20, 2015, and spent a week meeting with Taiwanese businesses, trade organizations and government officials to discuss opportunities for investment in New Mexico and the Las Cruces region, to build awareness of New Mexico and Las Cruces, and to explore export and import opportunities for the business community.
The New Mexico/Las Cruces “Trade Mission Taiwan 2015” was organized by Gary Camarano, the City Economic Development Coordinator. Camarano explained, “A lot of what makes Las Cruces an ideal spot for doing business starts at the State level, and the Martinez administration has been very active in improving the overall business environment of the State. Through tax and regulatory reforms, the State has been recognized in 2014 as the ‘#1 State for Manufacturing in the West’. This is something that businesses find attractive and we need to showcase. The Taiwanese were very responsive to information like this.”
Monday, July 20 2015
Photo Cutline: The ARCA AirStrato UAVS in a test flight. The ARCA AirStrato “air robot” delivers military-level performance at an affordable price.
Las Cruces, NM -- ARCA Space Corp., a manufacturer of unmanned aerial vehicle systems (UAVS), announced it will locate its headquarters and U.S. production facility at Las Cruces International Airport. In a joint announcement held at Las Cruces International Airport today, New Mexico Governor Susana Martinez and Las Cruces Mayor Ken Miyagishima welcomed ARCA Space Corp. to Las Cruces and reiterated that New Mexico and Las Cruces are open for business, and that aerospace will be an industry slated for further attraction efforts.
ARCA Space was founded in 1999 as a Non-Governmental Organization (NGO) in Romania by Dumitru Popescu and other aeronautics experts. Since then, ARCA launched two stratospheric rockets, four large scale stratospheric balloons - including a cluster balloon, was awarded two governmental contracts with the Romanian government, and one contract with the European Space Agency. In October 2014, ARCA established itself as a for-profit, U.S. company and began researching suitable facilities in Las Cruces for its UAVS manufacturing.
Monday, July 13 2015
Las Cruces Area Goods Exports Increased 210.9 Percent to a Record High in 2014
Las Cruces, NM -- The U.S. Department of Commerce today released a report highlighting goods exports from U.S. metropolitan areas for 2014. The International Trade Administration’s 2014 Metropolitan Area Export Overview indicates that goods exports from the Las Cruces, N.M., metropolitan area totaled $1.3 billion last year, an increase of $913 million or 210.9 percent from 2013 to 2014. Las Cruces ranked # 1 in terms of percentage growth, and 134 out of 300 for total exports.
“More and more U.S. businesses are realizing that selling their world-class goods to the 96 percent of potential customers who live outside the United States is critical to their success,” said Stefan M. Selig, Under Secretary of Commerce for International Trade. “The Department of Commerce is committed to assisting companies throughout the Las Cruces metropolitan area compete globally by helping them begin or expand their exporting operations. These efforts are important to strengthening both the local and national economy, and creating well-paying jobs here at home.”