News

The Moss Landing battery storage fire in California has added kindling to the fears that energy storage projects – at least those using lithium-ion batteries – will lead to increased fire risks.This was one of the central arguments during debate last week over the Rancho Viejo solar project near Santa...Continue Reading

President Donald Trump’s 10% additional tariffs on Chinese imports went into effect Tuesday, threatening to make several key categories of goods more expensive from the hundreds of billions of dollars worth of Chinese products brought into the U.S. every year.Key FactsThe U.S. imported $426.9 billion worth of Chinese goods in...Continue Reading

The State of New Mexico and GreenPower Motor Company (NASDAQ: GP) entered into a Memorandum of Understanding (“MOU”) for an all-electric, purpose-built school bus pilot project to be conducted in New Mexico in school districts across the state. The MOU provides that the state will seek an appropriation of $5...Continue Reading

Blending hard infrastructure information with talent metrics shows where tech reigns supreme — and where it’s spilling over to next.What if you could marry the most granular tech infrastructure data with tech talent metrics and corporate facility project numbers from tech-aligned industry sectors such as software development, data centers and...Continue Reading

The digital world is evolving at breakneck speed, yet many data centers are struggling to keep up due to aging infrastructure. According to the Uptime Institute, 55 percent of data centers are over a decade old, and nearly 25 percent are older than 15 years. With such a significant portion...Continue Reading

Welcome to the Journal's coverage of New Mexico's 2025 legislative session. Here are a few links and key info:Key 2025 legislative session datesJan. 21 — Session begins at noonFeb. 20 — Deadline for introducing billsMarch 22 — Session ends at noonApril 11 — Deadline for governor to sign bills passed...Continue Reading

“Georgia On My Mind” may be the official state song of the Peach State, but it might as well be the anthem of site selection consultants.In our annual Site Selectors Survey, the Peach State wracked up the most votes to dethrone last year’s winner, Texas, for Best Business Climate in...Continue Reading

The rankings on these pages are high-level measures of states’ workforce development climates. They do not reflect which states in a region have the most effective workforce training programs or labor boards or tools for connecting job seekers with potential employment opportunities. Rather they recognize states that performed well in...Continue Reading

Well, it’s been quite a year. And as far as state economic development policies and news go, it’s about to be quite another year.Looking back and looking forward, among the themes to emerge across the 50 state legislatures are workforce housing, streamlining of permitting, child care, infrastructure and shovel-ready site...Continue Reading

Travelers crossing the bridge on U.S. Highway 64 toward Beclabito will have a smooth ride with the completion of the connection that brings Arizona and New Mexico together.County, tribal and chapter house representatives gathered alongside community members to celebrate the project, which will continue toward Shiprock, according to project manager...Continue Reading

Oil and gas revenue earned New Mexico more than $2.5 billion last fiscal year, state officials announced Thursday. It was the third straight year the state broke the $2 billion threshold from its land, and its second-biggest windfall of that type ever.With record production, New Mexico has risen to become...Continue Reading

Bloomfield city officials, employees and citizens attended the groundbreaking ceremony Tuesday afternoon for the East Blanco Bridge. The project will replace the old bridge that served as U.S. Highway 64 since about 1992, when the current highway to the south was built.“So you all know that this project is a...Continue Reading

The East Aztec Arterial project officially began Monday afternoon with a groundbreaking ceremony at the southwest end of Phase 1B of the project. A large contingent of Aztec and San Juan County officials turned out for the event on a crisp autumn day.Aztec Mayor Mike Padilla opened by saying that...Continue Reading

Securing economic development incentives is a key element of a successful site selection strategy, but it requires careful planning, negotiation, and long-term compliance. The right incentives can offset costs, accelerate project timelines, and support long-term growth, but the process is often complex and full of potential pitfalls. From the earliest...Continue Reading

A new solar and battery storage facility known as the Sunbelt Project could be coming to the Central Consolidated School District in northwest New Mexico.The Public Service Company of New Mexico plans to build a 100-megawatt array with either 30 or 50 megawatts of battery storage in the school district's...Continue Reading

New Mexico’s most recent round of outgoing commitments for investments neared $1 billion.The New Mexico State Investment Council met on Tuesday and doled out more than $927 million in commitments in private equity, real assets, real estate and private debt.Oaktree Capital Management and FPA Multifamily received the largest commitments, both...Continue Reading

Today, the New Mexico Economic Development Department (EDD) and New Mexico MainStreet (NMMS) awarded $6.6 million in Capital Outlay funding to six revitalization projects in affiliated NMMS Districts to improve safety, create vibrant destinations, and support local economies. The NMMS Capital Outlay Program funds infrastructure upgrades in targeted public investment...Continue Reading

Staying ahead in any industry requires continuous networking and education, but with countless options available, making the right choices can be challenging. It’s important for you to focus on the events and programs that will provide the most value for your time and investment.To help you navigate this decision-making process...Continue Reading

New Mexico Economic Development Department (EDD) Secretary-Designate Rob Black announced today that the Office of Strategy, Science and Technology has awarded Science & Technology Business Startup Grants to seven burgeoning technology companies.The grants are available to New Mexico-based, for-profit science and technology companies with high-growth potential. Eligible businesses must work...Continue Reading

The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) has released new data exhibiting outdoor recreation’s powerful and positive economic impact on New Mexico’s economy. According to the latest data from the BEA Outdoor Recreation Satellite Account, outdoor recreation created $3.2 billion in value added for New Mexico, accounting...Continue Reading

As part of his presentation to a group organized by the multi-state 7 Rivers Alliance, Aaron Brossoit engaged in a conversation with a digital avatar of himself who spoke five languages and poked fun at the “real” Aaron for not being as debonair as the fake model.It was an entertaining...Continue Reading

When companies look to expand or relocate, workforce development is no longer an afterthought—it’s a primary factor in site selection. The days of simply considering grants or tax breaks are gone. For many businesses, especially in sectors like manufacturing and advanced technologies, the question is: Can you provide the skilled...Continue Reading

Area Development's Andrew Greiner speaks with economic development incentives experts Amy Gerber of Cushman & Wakefield and Kathy Mussio of Atlas Insight. Together, they discuss the evolving landscape of tax incentives, the shift toward workforce development, and the role of sustainability in attracting new industries. This transcript has been lightly...Continue Reading