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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.” ....
(Jim Thompson/Albuquerque Journal) ALBUQUERQUE, N.M. Economic development was the star of the show during Monday’s Albuquerque City Council meeting, with most of the votes centering on large projects that sailed through without dissent. “This is a great agenda,” Councilor Diane Gibson remarked at one point. “I wish we had agendas like this every single meeting.” El Encanto better known to most of us as the tortilla-making, chile-processing Bueno Foods had two pieces of business on the agenda. The council approved both: $10 million in tax-exempt, city industrial revenue bonds and the city’s management of Bueno’s state-funded $500,000 Local Economic Development Act grant. ....
LEDA investments seek to build NM's food chain abqjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abqjournal.com Daily Mail and Mail on Sunday newspapers.
.... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ALBUQUERQUE, N.M. The Albuquerque City Council approved financial support that will allow Bueno Foods’ proposed expansion to move forward during its meeting on Monday. The Bueno Foods project will allow the Albuquerque company to build a 25,000-square-foot freezer warehouse to store food onsite. The project will be supported by Industrial Revenue Bonds and Local Economic Development Act funds, and was fostered by a mix of local and state economic development agencies, according to a news release from the city economic development agency. The company plans to invest a proposed $10 million IRB and $500,000 in LEDA funds in the expansion, according to the release. The LEDA grant funding would be provided by the state of New Mexico, with the city acting as fiscal agent. ....
Beck & Bulow to expand in Santa Fe with 52 new jobs - Albuquerque Business First bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.