A MESSAGE FROM THE PRESIDENT & CEO | |
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Greetings,
It is always fun to communicate with stakeholders and investors on the heels of a new project announcement. This week, we were proud to announce the decision by Spring Oaks Capital LLC to expand its operations into greater Albuquerque - the first office location for the company outside of its Virginia headquarters. This office operation will create 200 or more jobs and a total economic impact of more than $33 million in the first three years of operation. They have already hired several New Mexico residents to kickstart their operations, and are actively promoting open positions.
On April 26, we had the great fortune of participating in a visit by Secretary of Energy Jennifer Granholm upon her visit to TWO locations in the region, both of which AREA was proud to have assisted in their locations in the region: Array Technologies and Arcosa Wind Towers. This level of visibility underscores that New Mexico is most definitely on the map for key growth industries.
In less than 30 days we have onboarded and responded 15 new business development opportunities, and are preparing ourselves and more than 30 partners for strong execution of a New Mexico presence and sizable trade show exhibition at the Bio International Convention in San Diego in June, with 25,000 attendees.
But of course, the summer is not even here yet. Stay tuned and be sure to register for our upcoming June 27 Town Hall Luncheon program with national guest speakers focused on the critical topic of site readiness!
With gratitude,
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Danielle Casey, CEcD, EDFP | |
Read AREA's 2024 Q1 Report
AREA is proud to share a quarterly publication highlighting all of its activities, outcomes, and announcements - as well as performance metrics!
Check it out HERE.
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Spring Oaks Capital LLC Finds New Home in Albuquerque
Greater Albuquerque just scored some new Lobo fans and some tremendous career opportunities for existing ones, with the announcement of Spring Oaks Capital LLC’s decision to create 200 new jobs in the region with starting salaries at $20 per hour. This new operation will deliver a total economic impact to the region of $33.6 million in its first three years alone. After a series of visits to competing markets for Spring Oaks Capital’s first expansion location outside of its headquarters in Virginia, and a detailed exploration of facilities and getting to know the greater Albuquerque community and workforce resources, it was decision time. The AREA team found out that Spring Oaks Capital selected the community with a surprise Zoom call and seeing Spring Oaks Capital’s leadership wearing a Lobo hat to announce their decision. It was the type of moment that economic developers live for.
Full Press Release Here
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NEW Investor Opportunity:
Share Your Services Overview
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AREA is the regional responder to 100 or more new prospective leads, and projects as well as expanding local businesses every year that are poised to make significant
investments in the market.
We have created a new online portal for our contributors and partners to upload Statement of Qualifications materials by category that are then shared in our unique, secure online proposal system with ALL client proposals so they can easily identify local providers, from general contractors, to accounting, to healthcare, and everything in between. Take advantage of this special feature!
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Supporter Spotlight
Thank you to our generous contributors
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Special Thanks to Continuing Supporters for Their Recent Contributions:
Huitt-Zollars, Inc.
BNSF Railway 2024 Annual Contribution
UNM Anderson School of Management Exec. and Professional Education Ctr.
Miller Bonded, Inc. 2024 Annual Contribution
Chalmers Ford 2024 Annual Contribution
ARI Graphix & Signs, Albuquerque Reprographics Inc.
University of New Mexico - Career Services
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IN THE NEWS: HEADLINE HIGHLIGHTS | |
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New Mexico's agreement with Maxeon was rated as one of the premier deals in North America: Maxeon will benefit from many tax credits and credits once the project comes to fruition. Some of those benefits include,"a job-creation award from New Mexico’s LEDA closing fund, state manufacturing tax credits, credits for high-wage job creation, property tax relief stemming from Bernalillo County Industrial Revenue Bonds, and a new Advanced Energy Tax Credit, signed into law by Gov. Lujan Grisham in March 2024," the release said.
Array welcomes U.S. Energy Secretary Granholm and New Mexico Senators for the groundbreaking ceremony of a new solar manufacturing facility: New $50+ million facility will grow production to over 300 jobs and strengthen energy security.
New Mexico Launches First-Ever Youth Apprenticeship Program:
Registered Apprenticeship has a proven track record of strong results for employers and workers, offering access to hundreds of occupations in high-growth and emerging industries.
Hospital site announced; Valencia County commission approves healthcare facilities contract, design-build team: Valencia County has approved contracts to build a long-awaited hospital at NM 6 and Sandsage in Los Lunas. The 15-bed, 40,000-square-foot facility will be operated by Brazos and constructed by Bradbury Stamm and FBT Architects. Completion is expected by spring 2026.
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BUILDING A REGIONAL ECONOMY PROGRAM:
CBRE and AREA Talent Profile Report, 2024 Issue
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On May 30th AREA and CBRE will launch of the 2024 Greater Albuquerque Industry and Talent Profile Report!
WE ARE CURRENTLY AT CAPACITY FOR THIS EVENT.
TO BE PUT ON A WAITING LIST - PLEASE CONTACT: events@abq.org
We will have the full report available online after the event.
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Discover the Opportunities in Albuquerque
AREA President, Danielle Casey, CEcD, EDFP, and CBRE Managing Director,
Jim Chynoweth, will highlight the talent and industry sectors that are thriving in the Greater Albuquerque region.
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Keynote Speaker & Panel Moderator
Darin Mellott
Vice President
Capital Markets Research, CBRE
Darin will share insights on the U.S. commercial real estate market landscape and the economic issues that will continue to shape market dynamics in 2024.
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Industry Panelists
Join us as some of Albuquerque's largest land owners share insights
about future Albuquerque development!
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AREA AT 2024 BIO INTERNATIONAL CONVENTION | | |
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AREA and a statewide delegation of partners will be at the 2024 Bio International Convention in San Diego from June 3-6!
The BIO International Convention is the largest and most comprehensive event for biotechnology, representing the full ecosystem of biotech with over 20,000 industry leaders from across the globe and we are thrilled to be in attendance!
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DON'T MISS THE NEXT AREA 1.0 STRATEGIC PLAN DISCUSSION
June Town Hall Luncheon Program: Site Readiness
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Investors, key community leaders and partners: JOIN US at Hotel Albuqueruque on June 27th for an important update and engaging discussions regarding key priorities for regional economic development. The luncheon begins with national site readiness experts as keynote panelists. Following the Town Hall breakout discussion to offer feedback, insight and guidance to the AREA Board as we set our implementation plan of goals.
We encourage you to join us for the FULL program, but for any unable to attend the lunch due to schedule or cost restrictions, an option to arrive at 1 p.m. for discussions only is available.
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CALLING ALL AREA AMBASSADORS:
Apply Today
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Who are AREA Ambassadors?
AREA Ambassadors are goodwill representatives of the organization, aligned with its mission. They champion AREA’s cause of growing the economy of the greater Albuquerque region. Ambassadors are educated in economic development initiatives, strategies and priorities through workshops and forums. Through these programs, Ambassadors are able to speak firsthand of the work of AREA and can promote the greater Albuquerque area through an economic lens. FIND OUT IF YOU MEET THE REQUIREMENTS, AND APPLY TO SERVE TODAY!
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Vacant Commercial Land for Sale: Rio Rancho
2.49 acres available. Easy Access to Enchanted Hills and Rio Rancho City Center. Across from Sandoval County Courthouse. 10 min. to I-25 highway, 30 min. to Albuquerque International Sunport Airport.
VIEW THE FULL LISTING
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Commercial Sites Available in Los Lunas
2.68 acres of vacant land. 13 developed lots from 1-3 acres are zoned for many of your commercial needs. Currently for sale. 15 minutes to downtown Los Lunas and near I-25. 35 minutes South of Albuquerque and the Albuquerque International Sunport Airport.
VIEW THE FULL LISTING
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2024 AREA Economic Impact Outcomes
(since Jan. 1, 2024)
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Upcoming Partner Workshops & Programs | |
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Bernalillo County is offering a FREE workshop, a part of their KeepNMAlive initiative and is sponsored by Commissioner Walt Benson, and available to all businesses or HR professionals regarding solutions for problematic substance use in the workplace.
FREE lunch provided. Scan the QR code below to register!
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Thank you to our contributors | |
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Diamond
Public Service Company of New Mexico (PNM)
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Platinum
University of New Mexico
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Gold
Albuquerque Journal • Bank of Albuquerque
Blue Cross Blue Shield of NM • Bradbury Stamm Construction • ExxonMobil
FRENCH Funerals & Cremations • Gridworks • Heritage Real Estate Company • Huning, LLC • Intel • Jaynes Construction • Mesa del Sol • NAI Sun Vista
New Mexico Gas Company • Nusenda Credit Union
Presbyterian Health Services • Summit Electric Supply Co.
Tamaya Ventures • Tempur Sealy • Titan Development • U.S. Bank
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Community Partners
City of Albuquerque • Bernalillo County • Town of Edgewood
Village of Los Lunas • City of Rio Communities • Sandoval County
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Albuquerque Regional Economic Alliance
201 Third Street NW #1900, Albuquerque, NM 87102
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