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ALBUQUERQUE, N.M. Yet another New Mexico food manufacturer is planning an expansion with the help of state funding.
The New Mexico Economic Development Department announced Wednesday that Saputo Dairy USA, a large-scale producer of cheese and other dairy products, is planning to invest up to $30 million in its existing facility at the Las Cruces Innovation and Industrial Park. The investment will help the company expand its capacity and add 150 new employees, according to a news release from EDD.
“Southern New Mexico is expanding its manufacturing footprint quickly,” said Cabinet Secretary Alicia Keyes. “The expansion of Saputo Dairy USA’s facility will create the jobs we need to diversify our economy and get people back to work as we recover from this pandemic.”
Businesses seeking help with rent, lease and mortgages are encouraged to apply for $200 million in State of New Mexico grants allocated to assist those impacted by the COVID-19 pandemic.
House Bill 11 (HB-11), the Local Economic Recovery Development Act (LEDA) was introduced in the New Mexico House of Representatives Jan 25, and after some revisions was passed. HB-11 passed the New Mexico Senate Feb. 18, 41 to 1, after senators added amendments. The day after it passed the House concurred and Gov. Michelle Lujan Grisham signed the bill Feb. 26.
“Thousands of New Mexico businesses will be able to receive assistance through this grant program so they can hire or rehire employees,” said Economic Development Cabinet Secretary Alicia J. Keyes. “Building this new capacity to create jobs is a cornerstone of the state’s recovery plan.”
New Mexico Makes Top Economic Development Projects List - 6:11 am
The Netflix expansion in Albuquerque has made the most recent list of top 20 deals. Courtesy/NMEDD
NMEDD News:
…Netflix studio expansion named one of the most impactful projects
ALBUQUERQUE – The New Mexico Economic Development Department (NMEDD) has announced that The State Of New Mexico and the City of Albuquerque have been recognized for closing one of the most impactful economic development projects of 2021.
Site Selection, an international publication of business expansion and economic development, annually recognizes the Top 20 Deals in North America.
The Netflix expansion in Albuquerque has made the most recent list of top 20 deals. It is the first time New Mexico has been chosen by Site Selection for Top 20 Deal recognition.
By News Editor And Partners
• 3 hours ago
Santa Fe, N.M. – The New Mexico Resiliency Alliance, in partnership with New Mexico MainStreet (NMMS) and the McCune Charitable Foundation, awarded ten
Resilient Communities Fund Grants to NMMS affiliated districts for community and economic development projects. Awarded projects have a clear and stated impact for new, innovative, or ongoing efforts to mediate the impacts of the Covid-19 pandemic and/or economic recovery efforts. Projects will be completed by December 2021. Here is a statement from
New Mexico MainStreet:
The
Resilient Communities Fund provides financial support for locally-driven, community-based, economic development projects in New Mexico’s rural and underserved communities. The Resiliency Alliance has awarded more than $350,000 in small grants since 2014. Investments have been matched locally by more than $1,000,000 in cash/in-kind contributions and NMMS’s professional technica