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Albuquerque Mayor Tim Keller’s list of proposed stimulus money expenditures includes improvements to the Balloon Museum. (Journal file photo)
ALBUQUERQUE, N.M. It was a busy night for the Albuquerque City Council, with legislative body’s second May meeting taking longer than a road trip to Denver.
Somehow the council’s annual budget vote barely contributed to the seven-hour run time, as the panel quickly passed the $711 million general fund spending plan for fiscal year 2022. As council budget chairwoman Klarissa Peña noted, it was a pretty “painless” process. (Read about the budget here.)
But the meeting minutes really piled up during a separate discussion about money specifically how to spend the city’s federal COVID-19 windfall.
Letter To The Editor: A Metropolitan Redevelopment Area (MRA) In White Rock Could Help Spur Local Development Los Alamos MainStreet
Over the years there has been continued frustration about some of our visible and unsightly vacant buildings in Los Alamos and White Rock and declining retail options in the downtown.
The community, as well as business and property owners, seem to all want the same thing: A vibrant downtown and business-friendly community. How we achieve this may be up for interpretation in our unique town, but the reality exists that we must bring stakeholders together, including business owners and property owners, in a constructive way to initiate important discussions around barriers and underlying issues preventing possible development and retail growth.
Multiple programs boost local economic opportunity
From left, U.S. Sen. Ben Ray Lujan, U.S. Sen. Martin Heinrich and N.M. Gov. Michelle Lujan Grisham listen to the remarks of Keyvan Esfarjani, Intel senior vice president and general manager of Manufacturing and Operations, during the announcement of Intel’s $3.5 million in its Rio Rancho plant Monday. Gary Herron photo.
Work to bolster the economy was the main focus at the Thursday morning NAIOP Rio Rancho Roundtable virtual session.
Sparked by the May 3 news that Intel was investing $3.5 billion into its sprawling Rio Rancho campus, and bringing 700 new high-tech jobs and 1,000 construction jobs, creating new jobs and training a workforce were among the topics.
New Mexico Applauds Intel $3.5B Expansion In Rio Rancho - 6:55 am
Intel plans to invest $3.5 billion in New Mexico operations and hire more than 700 new workers at their facility in Sandoval County. Courtesy/Intel Corporation/Walden Kirsch
EDD News:
RIO RANCHO Intel plans to invest $3.5 billion in its New Mexico operations and hire more than 700 new workers to create a domestic hub for advanced semiconductor manufacturing at its fabrication facility in Sandoval County, the company and Gov. Michelle Lujan Grisham announced.
In what will be one of the largest capital investments in New Mexico, Intel plans to modernize facilities to accommodate its Foveros technology, a breakthrough innovation to meet increasing customer demand for stronger microprocessing performance.