A MESSAGE FROM THE PRESIDENT & CEO

Greetings,

With Thanksgiving just a few days away, I would like to take this opportunity to offer our deep thanks and gratitude to all of AREA's partners and investors that allow us to serve the greater Albuquerque region.

Because of you, everyone is talking about and advocating for the importance of state level investment in Site Readiness - namely, site characterization and pre-development. But also the ability for proactive, large scale utility development as well as permitting transparency which will lead to timeframe improvements. Our talent attraction marketing efforts and desire to expand the program into a comprehensive strategy for the region is garnering the interest of partners, and just this week large steps took place in conversations and education regarding the potential for a downtown business improvement district in Albuquerque.

In late October, the I-40 Tradeport Corridor Regional Infrastructure Accelerator Summit convened representatives from Los Angeles, Winslow and Kingman, AZ and of course our local region to discuss the future impact of this unique public-private partnership. Learn more here.

I had the honor of providing an annual update to the Greater Albuquerque Association of Realtors, and we made a number of visits to local companies to offer support and learn about ways to remove obstacles to their growth.

And, of course, we enjoyed the 2024 AREA Annual Dinner & 505 Awards and celebrated some tremendously impactful and inspirational local leaders in economic development. If you were in attendance, we hope you enjoyed the evening and if not - there are some wonderful pictures of the program and you can save the date NOW for next year: November 13, 2025.

Wishing you the Happiest of Thanksgivings,

Danielle Casey, CEcD, EDFP

Did you know that AREA is a 501c3 public charity?

Don't miss this opportunity to make a tax-deductible impact in support of AREA before the end of the year. Your support can be dedicated to specific programs, or wherever it is needed most. Contributions can be made directly to AREA, or by designating a portion of your charitable giving to Albuquerque Regional Economic Alliance as a 501c3 recipient. In addition, non-anonymous donors will be recognized on AREA's website and at our annual 505 Awards and Annual Dinner Celebration.

Building Boomtown: A Night Under Construction - was a huge success, thanks to our many amazing sponsors as well as in-kind partners and supporters. However, the real success of the evening was due to the amazing contributions made by the honorees in championing economic development in greater Albuquerque. Visit www.abq.org/505Awards to see our many sponsors as well as learn about the honorees - and also check out photos of the event, courtesy of Liz Lopez Photography. A special shoutout also goes to Eddie Garcia for serving as Master of Ceremonies, HB Construction for the use of their equipment for decor, to Century Sign Builders for our 'engagement board,' Central New Mexico Community College for videotaping of the program, and to People's Flowers for the stunning centerpieces!

SAVE THE DATE:

November 13, 2025 will be the next Annual Dinner and 505 Awards - with nominations for honorees opening in April 2025.



Curious about what AREA has been up to in the third quarter (July - September) of 2024? Look no further than our publicly available Quarterly Report. It can be found on the PUBLICATIONS page of the www.abq.org website, along with an extensive menu of additional reports, promotional materials and industry data reports.

New Mexico is featured in the current issue of Trade & Industry Development magazine - digital AND print!

AREA has a 1/4 page ad in the editorial. Kudos to New Mexico Partnership for their amazing write-up!

Our own Chad Matheson also has an editorial on their website regarding site readiness!

NEW Investor Opportunity:

Share Your Services Overview

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!

Supporter Spotlight

Thank you to our generous contributors

GOLD INVESTOR

Since 1993

BRONZE INVESTOR ( NEW)

Since 2024

Special Thanks to Continuing Supporters for Their Recent Contributions:

Allen Sigmon Real Estate Group

Deloitte Consulting LLP

FBT Architects

Goodmans Interior Structures

Hartman + Majewski Design Group

HB Construction

Kaufman Fire Protection Systems, Inc.

RS21

Sandia National Laboratories

W.K. Kellogg Foundation

U.S. Southwest: Boomtown Central: Matched taxable gross receipts in New Mexico rose by $25 billion, driven largely by Albuquerque and nearby counties. Key contributors include Ebon Solar's $942 million solar cell facility and Kairos Power's $270 million advanced nuclear reactor labs in Albuquerque, signaling a shift toward renewable energy and alternative sectors.

How CNM is lead the way in quantam computing: Elevate Quantum, a Mountain West consortium, secured $127 million from the U.S. Department of Commerce to advance quantum computing. Central New Mexico Community College (CNM), a consortium member, will use this funding to develop a quantum-focused workforce. CNM instructor Dr. Brian Rashap and Sandia National Labs' Jake Douglas highlight the partnership's potential to bring quantum technology to the region. CNM's DeepDive Coding program is a key component of this initiative.

New Mexico companies receive training funds from EDD: The New Mexico Economic Development Department (EDD) has approved $1.6 million in Job Training Incentive Program (JTIP) funding to support the hiring and training of 94 employees and four interns across eight businesses. The average wages range from $20 to $91 per hour. The funding will benefit companies such as Flow Aluminum, Gridworks, Pajarito Powder, and Redwire Space, among others, primarily in Albuquerque. This initiative continues to bolster workforce development by reimbursing training costs for eligible businesses.

ICYMI ( In Case You Missed it)

Fidelity

Various Roles

Bank of Albuquerque

Various Roles

2024 AREA Economic Impact Outcomes

(since Jan. 1, 2024)

Upcoming Partner Workshops & Programs

December 4, 2024, 10 a.m.:

Maximizing the Benefits of State Programs: JTIP, WIOA, and Other Funding Tools

Please join us for one or all of this series of virtual training programs aimed at reaching a wider audience of companies at one time to provide information on the Job Training Incentive Program, WIOA resources, small business support and assistance through groups like WESST, and the free resources and tools that AREA provides such as its job training board and online ABQSites.com tool.

Next session:

February 5, 2025: Tools for Attracting and Retaining Talent to Your Company, 10 a.m. Register here

All webinars are FREE to all businesses in the greater Albuquerque region, with a focus on marketing to those in areas with low household and individual incomes to assist in entrepreneurial growth.

Following the live webinars, a recording of each program will be published online and listed on the AREA website for future reference and use by businesses, here: https://www.abq.org/local-business/

Series supported by Wafd.

See all upcoming trainings:

https://clients.wesst.org/events.aspx

SCORE upcoming FREE webinars for business:

December 3rd: Market Research for Small Businesses - Using Free Tools to Grow Your Business

December 10: Creating a Business Plan That Works - Key Elements Every Entrepreneur Needs

For more information, visit: https://www.score.org/business-education

Thank you to our contributors

Diamond

Public Service Company of New Mexico (PNM)

Platinum

University of New Mexico

Gold

Albuquerque Journal • Bank of Albuquerque

Blue Cross Blue Shield of NM • Bradbury Stamm Construction • Comcast • ExxonMobil

FRENCH Funerals & Cremations • Gridworks • Heritage Real Estate Company • Huning, LLC • Intel • Jaynes Construction • NAI Sun Vista • New Mexico Gas Company • Nusenda Credit Union

Presbyterian Health Services • Summit Electric Supply Co. • Titan Development

Community Partners

City of Albuquerque • Bernalillo County • Town of Edgewood

Village of Los Lunas • City of Rio Communities • Sandoval County

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