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 Economic Development News 
Monday, March 02 2020

Big Dog Industries set to hire 125 over 5 years

Lovington, NM -- Big Dog Industries, a company that specializes in all areas of the hemp market, has purchased the former Lovington Cheese Plant. The company will be renovating the building that has been vacant for the past twelve years and begin operations within the next six months. Within the next five years, this company will directly employ 125 people at the Lovington facility.

Big Dog Industries and the Lovington Economic Development Corporation (EDC), who are the current owners of the property, have signed an agreement to transfer ownership of the 90,000 square foot building. To assist with the project, the New Mexico Economic Development Department has pledged a total of $750,000 from the State Economic Development Fund. In addition, the City of Lovington has pledged an additional $250,000  worth of incentives from the Local Economic Development Fund. All government funds will be paid on a reimbursement basis as the company meets the job creation and employment requirements it has agreed to.

Posted by: AT 02:54 pm   |  Permalink   |  Email
Tuesday, May 21 2019
CBD Made in New Mexico: Major New Employer Coming to Mesilla

Company Plans to Hire 180 New Mexicans to Manufacture CBD

Mesilla, NM -- Rich Global Hemp (RGH) announced it is launching growing operations for hemp plants as well as cannabidiol, or CBD, extraction in Mesilla, where it plans to hire 180 people in the next 18 months. 

Rich Global Hemp has acquired and is renovating an existing greenhouse facility in Mesilla Park where it will begin growing hemp plant clones that will later be processed into cannabidiol, or CBD, which is the non-psychoactive oil from the plants that has a wide variety of uses. RGH will start the plants at the greenhouse, provide the juvenile plants to farmers in New Mexico where they will be grown and harvested, then RGH will purchase the harvested plants to use in the production of CBD oil. The plants are bred for high CBD content and contain negligible percentages of THC, the psychoactive chemical in cannabis plants.

Posted by: AT 09:26 am   |  Permalink   |  Email
Friday, March 22 2019
New Mexico Takes Bold Step Toward a Cleaner, Stronger 21st Century Economy

The Energy Transition Act will dramatically increase New Mexico’s use of low-cost renewable energy while creating new jobs and diversifying the state’s economy

Santa Fe, NM -- New Mexico Governor Michelle Lujan Grisham signed into law The Energy Transition Act (SB489), advancing the state’s national leadership in renewable energy with a goal to source 50 percent of New Mexico’s energy from renewable sources by 2030. The law sets even higher goals for the future, targeting 80 percent renewable energy by 2040 and 100 percent carbon-free energy by 2045. The law also promotes investments in New Mexico’s workforce to ensure residents benefit from new economic opportunities that come with tapping into renewable resources in their state.

“We applaud the leadership of the New Mexico legislature and Governor Lujan Grisham for setting New Mexico on a path to a cleaner and stronger economy just months into her new administration,” said Tom Kiernan, CEO of the American Wind Energy Association (AWEA). “Ambitious renewable energy policies turn heads in the business community, drawing nationally-recognized corporate brands into the state and encouraging developers to invest billions of dollars into wind farms that create jobs and revenues for rural communities.”

Posted by: AT 01:40 pm   |  Permalink   |  Email
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.” 

Posted by: AT 02:16 pm   |  Permalink   |  Email
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.

Posted by: AT 01:30 pm   |  Permalink   |  Email
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.

Posted by: AT 09:00 am   |  Permalink   |  Email
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.

Posted by: AT 10:13 am   |  Permalink   |  Email
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.
“We’re proud to have partners like CyraCom as we continue to diversify New Mexico’s economy,” said Governor Martinez. “As our state becomes more business friendly, we’re growing our private sector and creating more jobs for our families.”
Las Cruces Mayor Ken Miyagishima applauded the expansion, saying, “As the state, city and our local economic development partners collaborate on projects like this, we’re going to see more job creation in Las Cruces and the region. The state is providing resources towards job training, and our City’s Economic Development Office, MVEDA and our other partners will be helping CyraCom find the right people for its needs. Our strong bi-lingual workforce is one of our strengths, and having CyraCom choose Las Cruces for its expansion is fantastic. It says a lot about the business friendly environment and advantages here in New Mexico and Las Cruces.”   

Posted by: AT 09:25 am   |  Permalink   |  Email
Friday, July 24 2015
Las Cruces and State reach out to Taiwan for new business

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.”

Posted by: AT 02:11 pm   |  Permalink   |  Email
Monday, July 20 2015
ARCA Space Lands in Las Cruces, New Mexico

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.

Posted by: AT 02:52 pm   |  Permalink   |  Email
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.”

Posted by: AT 09:49 am   |  Permalink   |  Email
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