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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...
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...
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...
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...
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...
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...
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...
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...
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...
From Trails to Jobs: Outdoor Recreation drives $3.2 billion economic impact in New Mexico
Nov 22 2024The 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...
InsideWis: Artificial intelligence can be used and misused – but it can no longer be ignored
Nov 21 2024As 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...
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...
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...
Industrial automation and robotics offer huge benefits to manufacturing and warehouse distribution and fulfilment operations. This is not a new concept; articles going back decades have explained how these applications can improve quality and consistency, optimize productivity and throughput, increase worker safety, and reduce direct labor cost.The topic has gained...
Shiprock will soon see the long-awaited hotel that tribal government says will bring economic growth to the Navajo Nation’s largest town.A groundbreaking took place Thursday near the Wells Fargo Bank off U.S. Highway 491 where the 85-room hotel will stand.Notable tribal figures attended including Navajo Nation President Buu Nygren, Navajo...
U.S. Department of Agriculture (USDA) Deputy Secretary Xochitl Torres Small today announced that USDA is investing in 116 projects across the nation to expand access to a clean and reliable electric grid, safe drinking water, and good-paying jobs for people in rural and Tribal communities. Part of the funding announced...
Lately, securing financing for large-scale development projects has become increasingly complicated and nuanced. Executives looking to expand facilities or select new locations must navigate myriad challenges, from volatile capital markets to stringent investor expectations.That’s because in 2023, capital markets encountered disruptions reminiscent of the 2008 global financial crisis. The Federal...
As a seasoned professional, you know that the true power of leadership lies in recognizing the potential within your team and creating an environment that allows them to demonstrate leadership themselves. However, too many leaders forget this and default into focusing on immediate outcomes rather than nurturing future leaders. The...
When you grow a plant from seed, you can't afford to miss a step. You must plant it at the correct depth, in proper soil, and give it the right amount of water and sun. Do everything right, and it will grow and flourish. Fail, and it will as well.Your...
The potential for new, good-paying jobs from investing in a clean energy ecosystem has long been highlighted by proponents of expanding clean energy in America. John Kerry, President Biden’s former Envoy for Climate, famously predicted the energy transition would be the “new industrial revolution.”While clean energy production and related industries...
Opportunity Arises in the Great Outdoors
Sep 30 2024A look into the nation’s outdoor recreation industry reveals a sector experiencing robust growth as nationwide participation reaches new heights.According to recent data released by the Outdoor Satellite Account and the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA), the outdoor recreation economy produced $1.1 trillion in economic output...
North America has plenty of rare earth minerals, including neodymium and praseodymium, which are critical to electric vehicle (EV) mobility. Australia-based American Rare Earths Inc. said in early 2024, for example, that it found 2.34 billion metric tons in southeastern Wyoming, 64% more than it thought was there in 2023.Huge...
Quality of Life: Does Your State Make the Cut?
Sep 30 2024Ask 10 location experts what their top quality of life ingredient is, and you’ll likely get about 10 different answers. Most would agree that housing costs and availability, education options, cultural amenities and commute times are high on their list, but it varies from person to person.Personal finance company WalletHub...
A Welcomed Catalyst for Innovation
Sep 30 2024"In my opinion, the value of an innovation district comes from the ability to congregate, connect and collaborate,” says Wexford Science & Technology Executive Vice President Thomas Osha. “And that requires the space to do so.”Innovation districts — or, as Osha dubs them, “knowledge communities” — are a vital way...