News
News Articles
Member Showcase: CAVU Aerospace
Apr 5 2024CAVU Aerospace is one of the world’s leading providers of aircraft asset management, disassembly, and recycling services. They partner with major airlines and offer services like aircraft sales and leasing, plane storage, and total airplane material management. With four busy and growing locations, their Roswell facility has contributed greatly to...
The Outdoor Recreation Division (ORD) of the New Mexico Economic Development Department (EDD) announces the round 3 Trails+ Grant recipients. Projects awarded will expand equitable access to the outdoors and grow New Mexico’s outdoor recreation economy.Read the full article here.
Marketing has always been central to successful real estate sales, but how buyers and properties connect has changed dramatically over the past decade. While real estate agents still place signs on front lawns, digital technology has become the tool of choice for leading realtors. Conducting virtual tours, using augmented reality...
The manner in which young adults approach money management is one of the most debated topics in generational wars. However, it's also a conversation that lacks context. After all, you would need to consider the economic challenges that erupted since the start of the 21st century. There have been three...
The Job Training Incentive Program Board approved awards to five businesses in March to assist with the workforce training of 70 trainees and two interns, Acting Economic Development Department Cabinet Secretary Mark Roper announced today.Read the full article here.
SANTA FE, N.M. – The New Mexico Economic Development Department’s Justice, Equity, Diversity and Inclusion (JEDI) Office has launched a new tool that will connect New Mexicans to business, entrepreneurial, and community resources from across the state, Acting Cabinet Secretary Mark Roper announced today.Read the full article here.
How Data Centers Are Reshaping Rural America
Mar 18 2024Pastoral places that used to host horse farms and tractor pulls will soon power the artificial intelligence we use for everything from streaming services to driverless cars.That is because AI requires real infrastructure, and the capital investment needed to build that infrastructure does not come cheap.Newmark, in its 2023 U.S...
The New Mexico Economic Development Department, through its Office of Strategy, Science and Technology (OSST), has awarded SBIR/STTR Matching grants to seven companies to support innovation development and jumpstart commercialization.The companies awarded FY2024 grants were chosen with input from the Technology Research Collaborative (TRC), a state board of science and...
Member Showcase: Leprino Foods
Mar 5 2024Leprino Foods, the world’s largest manufacturer of mozzarella cheese, has a bustling branch in Roswell, New Mexico. With more than 600 employees at their Roswell Facility, Leprino Foods has been creating jobs and giving back to Roswell & Chaves County for more than 30 years.Leprino Foods Impact on Roswell &...
The 2023 Governor’s Cups
Mar 1 2024Maybe it’s a coincidence, or maybe not. But the two states with the highest construction employment increases between December 2022 and December 2023 are the same states claiming the 2023 Governors’ Cups for total qualified projects and total projects per capita.Texas wins its 12th consecutive Cup for total projects, weighing...
As the world grappled with the challenges posed by the COVID-19 pandemic, the childcare sector emerged as a critical cornerstone for supporting working families and ensuring the healthy development of young minds. Adequate childcare is a necessity for parents and a vital component of a thriving economy. This narrative delves...
Specialized workforce training facilities that provide the skilled labor force needed to support the rise in manufacturing plants across the U.S. are being developed across the country — a trend influenced by the government’s investment and incentivization of domestic manufacturing through the Inflation Reduction Act and the CHIPS and Science...
After completing the Arts & Cultural District (ACD) Start Up Benchmarks, Carlsbad’s Pearl of the Pecos (POP) ACD has been granted StateAuthorization, the tenth New Mexico community to achieve this designation. StateAuthorized ACDs receive additional incentives such as assistance with cultural plan development and historic building tax credits. NM’s ACD...
The New Mexico Economic Development Department (EDD) announced that 21 projects in 19 communities across New Mexico are recipients of the FY24 round of Healthy Food Financing Awards. The grants flow from the Healthy Food Financing Fund (HFFF), as part of the Governor’s Food Initiative, and are administered by EDD’s Food,...
Member Showcase: Normex Pecans
Feb 10 2024Value-Added Agriculture: Ready for Success in Roswell and Chaves CountyRoswell, NM, and Chaves County have long been an epicenter for agricultural expansion. From USA Beef Packing’s facility to dairy farms, Chaves County is a bustling agricultural hub with plenty of land to grow. One booming business, Normex Pecans, chose Chaves...
No one would dispute the importance of the trucking industry in the U.S. supply chain. Truck drivers transport more than 70 percent of the nation’s goods across the country. However, the industry has been hamstrung by a shortage of long-haul truckers. The American Trucking Associations (ATA) esti-mates that the industry...
In the era of digital communication, economic development organizations are navigating a landscape where compelling storytelling and effective communication are crucial to attracting businesses, investors, and talent. The significance of having custom content on your economic development website goes beyond being a luxury – it becomes a strategic necessity.Click here...
When business schools nurture their relationships with local business communities, students and organizations benefit—all to the advantage of local talent pools and regional economies. The relationship is not a one-way street, however. It’s reliant on businesses reciprocating and participating in a business school’s initiatives.Business schools as catalysts for regional development...
Agriculture Secretary Tom Vilsack today announced a pilot program to allow more cattle producers and meat processors to access better markets through the U.S. Department of Agriculture’s (USDA) official beef quality grading and certification. The Remote Grading Pilot for Beef, developed by USDA’s Agricultural Marketing Service (AMS), matches simple technology...
STATE OF THE STATES 2024
Feb 4 2024Among the themes to emerge across the 50 state legislatures and governor’s offices over the past year is how to attract funding from a family of major federal programs toting hundreds of billions of dollars in funds. The various challenges and grants follow closely behind Recovery Act funds for which...
Public-private partnerships (P3s) are vital to a community’s growth. Collaboration between the public and private sectors fosters development projects that result in creating or retaining jobs as well as adding to the tax base of a community.Land development isn’t the only benefit to these partnerships, most communities have dedicated staff...
SANTA FE — Following Gov. Michelle Lujan Grisham’s announcement at the 2023 United Nations Climate Change Conference in Dubai and as highlighted in the 2024 State of the State Address delivered earlier this week, the New Mexico Environment Department today released a Request for Information (RFI) related the strategic water...
First 2024 Job Training Awards Announced
Jan 18 2024SANTA FE, N.M. – The New Mexico Economic Development Department (EDD) has kicked off 2024 Job Training Incentive Program (JTIP) awards by approving over $1.3 million in funding to support the workforce training of 87 New Mexicans in various aspects of the program, Acting Economic Development Department Cabinet Secretary Mark...
New Mexico Gov. Michelle Lujan Grisham and executives from Calgon Carbon Corporation announced today that the company is expanding to New Mexico through an asset purchase of its new Bloomfield location.The New Mexico Economic Development Department (EDD) has finalized an agreement with Calgon Carbon. Headquartered in Pennsylvania with a parent...