News and Media

With Community Support Thirsty's LLC Came Through the Pandemic to Open Back Up for Its One Year Anniversary

Wednesday, July 08, 2020

When Missy Granger, owner and operator of Thirsty’s LLC, opened up her restaurant on April 24, 2019, she expected all of the bumps that come with starting a new business. Luckily, she also found a Carlsbad community that appreciated her delicious daily breakfast and lunch burritos and quesadillas, her fresh menudo available on Fridays and Saturdays, her convenience items, and her fountain drinks — “with the good ice!” But how could anyone anticipate what 2020 had in store? To fully appreciate Granger’s story, you have to understand her impressive perseverance, the strength of Carlsbad’s robust business environment, and the trials th...

Gov. Lujan Grisham signs measure to help small businesses recover from COVID-19

Tuesday, July 07, 2020

FOR IMMEDIATE RELEASE Contact: Nora Meyers Sackett Press Secretary, Office of the Governor nora.sackett@state.nm.us (505) 690-7313 SANTA FE – Gov. Michelle Lujan Grisham on Tuesday delivered hundreds of millions of dollars for low-interest, low-risk loans to help small New Mexico businesses recover financially from COVID-19. The Small Business Recovery Act of 2020 allocates $400 million from the state’s $5 billion Severance Tax Permanent Fund for loans to small New Mexico businesses and nonprofits and almost $50 million for loans to local governments. Eligible businesses and nonprofits may borrow two times their average monthly expenses up to a maximum of $75,000. The measure sets the interest rate at one-hal...

New Mexico Launches Incentive Pay Program to Support Child Care Professionals

Monday, July 06, 2020

The New Mexico Early Childhood Education and Care Department (ECECD) announced that it will use a portion of its federal CARES Act stimulus funding to offer incentive pay to early childhood professionals who are working in centers that remain open during the public health emergency. “Throughout this crisis, New Mexico’s early childhood educators have stepped up in extraordinary ways, and this incentive pay plan is one way of thanking them,” said ECECD Secretary Elizabeth Groginsky. Read full article.

Potential Shifts in the Workforce Due to COVID-19

Friday, July 03, 2020

The COVID-19 pandemic is already causing shifts in the economy and workforce. Other than the obvious loss of employment, some of which will hopefully be temporary, another significant shift in the workforce involves employees in the professional services sector and others forced to work remotely from home. Although companies allowing employees to work remotely was already a growing trend in the United States, the question will be whether this trend continues after COVID-19 is under control. And, if the trend does continue, which is likely, consideration for incentives for home-based or remote employees will also have to be considered fro...

5 Ways Restaurant Owners Can Prepare for Reopening

Wednesday, July 01, 2020

In early May, many states began loosening restrictions on business operations. In California, for example, Governor Newsom announced that bookstores, music stores, toy stores, florists and some other retailers could reopen for pickup service. While restaurants were not a part of this first wave of reopenings, if all goes well, we could see them open their doors for seating in the next few weeks. Many eateries are operating on pickup or delivery service at the moment, but in order to truly reopen, restaurant managers will need to figure out how to handle a crowd of customers in a time of continued caution and social distancing. It’s no easy task, but in anticipatio...

Resiliency of Supply Chains & Post-Pandemic Opportunities for FDI

Monday, June 29, 2020

Disruption of supply chains and the prospects of reshoring to the U.S. are not unique to the spread of the coronavirus and related pandemic. As is well-documented, the development of global supply chains over time has provided cost-competitiveness to many companies. However, as we have witnessed rising offshore wages and operating costs, increased lead times, a lack of consistency in product quality, and a move toward more protectionist trade policies, many of our clients have for some time been assessing these mounting global supply chain risks vis-à-vis any cost-competitiveness that they once produced. The COVID-19 disruption will accelerate these analyse...

Outdoor Equity Find Receives $12,500 REI Grant

Friday, June 26, 2020

REI State Policy Grant Awarded to Help Underserved Youth in New Mexico SANTA FE, N.M. – REI Co-op awarded the New Mexico Economic Development Department (EDD) a State Policy Grant of $12,500 to use in support of the Outdoor Equity Fund (OEF), EDD Cabinet Secretary Alicia J. Keyes announced today. The Outdoor Recreation Division (ORD), a division of EDD, will manage this and other funds to support the OEF. ORD Director Axie Navas completed the grant application for the state. Navas was also instrumental in creating the OEF to provide investments in transformative outdoor recreation experiences for underserved New Mexican youth. The missio...

No-Interest LEDA Loans Approved For New Mexico Businesses

Monday, June 15, 2020

SANTA FE, N.M. – Four additional companies are in the process of receiving no-interest economic development assistance through a No-Interest LEDA loan program established by Gov. Michelle Lujan Grisham, Economic Development Department Cabinet Secretary Alicia J. Keyes announced today. Before the federal government passed the first CARES Act, Gov. Lujan Grisham worked with the New Mexico Economic Development Department to craft the program, which allows no-interest loans through the Local Economic Development Act (LEDA). To date, the new LEDA loan program has assisted five New Mexico businesses with a total of more than 100 employees. The program will provide $1.4 million i...

State LEDA Investments Boost Rural Communities

Thursday, June 04, 2020

SANTA FE, N.M. – The New Mexico Economic Development Department has worked quickly in the past year to help rural communities across the state bring new life to some vacant properties through a series of Local Economic Development Act (LEDA) fund investments. Alamogordo and Otero County were among the first local governments to pass a LEDA ordinance and the community has invested wisely over the years. Medlin Ramps, based in California, chose Alamogordo for its third U.S. location. The company is a leading manufacturer of ramps and material handling equipment. “We are delighted when companies like Medlin and others choose to locate in our rural communities, reviving vacan...

Resiliency of Supply Chains & Post-Pandemic Opportunities for FDI

Monday, June 01, 2020

Outdoor Recreation Division Announces New Outdoor Equity Fund

Monday, May 18, 2020

SANTA FE, N.M. – Applications for the Outdoor Equity Fund to support New Mexico's outdoor recreation economy opened and are available online, Director of the Outdoor Recreation Division Axie Navas announced today. The deadline to apply is August 1, 2020. The first-of-its-kind Outdoor Equity Fund was created to allow all youth equitable access to the outdoors. The grant will support transformative outdoor experiences that foster stewardship and respect for New Mexico’s land, water, and cultural heritage. Spending time outside is now more important than ever for mental and physical well-being, and for that reason, the Outdoor Equity Fund will only inves...

8 Ways the Crisis Will Forever Change the Future Workforce

Tuesday, May 12, 2020

This year's public health crisis has reoriented our relationships with each other, the media, technology and the work we do. Humanity has never experienced such a swift and universal shift. Friends are hosting live parties on Instagram. Teachers are uploading lessons to YouTube for the first time. Doctors are utilizing FaceTime or Google Duo for telemedicine services with patients. Read full article.

All Together NM Fund awarding $750K in grants

Monday, May 11, 2020

Money to help micro businesses affected by COVID-19 SANTA FE – The All Together NM Fund will be awarding $750,000 for grants to help New Mexico’s smallest businesses survive the COVID-19 pandemic. The funding will be divided among four New Mexico nonprofit organizations that will award and administer grants of up to $5,000 for businesses with five employees or fewer. “Business relief from the federal government has been scattered, and far too much of what was first available went to large businesses. Many micro businesses in New Mexico and elsewhere didn’t get a fair shake,” Gov. Michelle Lujan Grisham said. “So thank yo...

As New Mexico preps for special budget session, rural communities may see COVID-19 relief

Monday, May 11, 2020

New Mexico leaders continued efforts to provide more relief and funding for critical needs of rural communities as the COVID-19 pandemic continued to grow through the state resulting in business closures and a drop in government revenue. Lawmakers were expected to convene a special session this summer to address the economic fallout caused by the crisis and subsequent closure of businesses. Read full article.

FedEx Grants: We’re giving $1 million to small businesses

Monday, May 11, 2020

Entrepreneurs like you bring the energy, passion and independent thinking our economy and communities need. That's why we're giving away $1 million to help small businesses stay in business. If you’re a small business impacted by COVID-19 in the U.S., consider applying for a #SupportSmall Grant starting May 25. Selected recipients will get a cash grant of $5,000 plus a $500 FedEx Office credit. LEARN MORE AND APPLY SOON FOR #SUPPORTSMALL

USDA invests $23 million in high-speed broadband in rural New Mexico

Wednesday, May 06, 2020

U.S. Secretary of Agriculture Sonny Perdue announced during a virtual press conference May 5 that USDA is investing $23 million for three recipients in New Mexico to provide broadband service in unserved and underserved rural areas. These investments are part of USDA’s round one investments made through the ReConnect Pilot Program. Read full article.

Carlsbad, New Mexico: The Great Outdoors

Tuesday, May 05, 2020

Carlsbad, New Mexico: a city with just as much adventure as there is beauty. Nestled in Southwest New Mexico, Carlsbad is a one-stop-shop for adventure junkies and explorers. A town majestically situated between mountain ranges (and caves!), national parks to desert botanical gardens, rivers and lakes – Carlsbad has it all! Plan your next adventure here to experience the real Southwest of the United states, including cacti, coyotes, and unmatched geological formations. The possibilities are endless! Take a look at some of what Carlsbad, New Mexico has to offer: Lincoln National Forest: A massive forest, covering over one million acres of th...

Workspace Optimization Measures for 2020

Monday, April 27, 2020

Maximizing space utilization has become one of the most important market trends among real estate and facility managers, according to a survey from independent research firm Verdantix. Between rising real estate costs and the introduction of solutions for easier space and occupancy data collection, organizations are realizing the cost-saving potential of optimizing their workspaces. Yet, the number-one objective for real estate management has moved from reducing costs to improving the comfort and well-being of building occupants. While you don’t want a large number of employees in a space too small to accommodate them, you also don’t want a lot of unused, wasted space...

COVID-19: Who's on New Mexico's Economy Recovery Council?

Saturday, April 25, 2020

Who will decide what New Mexico businesses reopen and when? How will those businesses operate safely as long as COVID-19 remains a public health emergency, while vaccines and treatment are developed? Gov. Michelle Lujan Grisham announced she had appointed a 15-member Economic Recovery Council to work with her directly in developing answers to those questions. Read full article.

NMDWS announces benefit applications to begin next week for Self-Employed

Thursday, April 23, 2020

(Albuquerque, NM) – New Mexico Department of Workforce Solutions announced today that the application for unemployment insurance benefits for self-employed, independent contractors, and gig economy workers will become available on Sunday, April 26, 2020. These benefits are being offered through the federal Pandemic Unemployment Assistance (PUA) program. Workers who became unemployed, had hours reduced, or had an inability to work as a direct result of the COVID-19 pandemic may qualify for this unemployment assistance. People who may qualify for PUA include individuals not eligible for regular unemployment benefits: the self-employed; independent contractors; gig economy workers; church employees; individuals who were previously found monetarily ineligible; nonprofit and governmental workers; and workers wh...

The Eddy County Board of Commissioners Unanimously Approve Resolution Requesting Governor to Re-open Business

Thursday, April 23, 2020

Eddy County, NM- Today, during a Special Commission Meeting, the Eddy County Board of Commissioners unanimously voted to pass Resolution R-20-36, Resolution requesting the Governor to reopen businesses, including non-profits closed by Executive and Public Health Orders. The Resolution finds that no one rule related to which businesses, including non-profits may stay open is appropriate for every political subdivision or geographical area of New Mexico. Much like every State in the Nation has been affected completely differently by this virus and have put their own plans and orders in place, Eddy County believes it’s much the same for Counties within the State...

New Mexico governor appoints economic recovery council

Wednesday, April 22, 2020

SANTA FE, NM — Governor Michelle Lujan Grisham named a diverse group of business and labor leaders from across New Mexico to a new economic recovery council that will advise her on strategies for gradually reopening New Mexico businesses in a smart, safe and effective manner and for helping New Mexico’s economy to grow and thrive as it emerges from the current public health emergency. The 15 members of the council represent a broad swath of New Mexico’s business community, including leaders from the state’s high-tech industries, tourism and hospitality, film, construction, energy, agriculture and locally based retail. Read full article.

Carlsbad City Council approves $2M in extra Brine Well requests from State

Thursday, April 16, 2020

The Carlsbad City Council approved more than $2 million in funding requests from the New Mexico Energy, Minerals and Natural Resources Department (ENMRD) for the Carlsbad Brine Well Remediation project. Councilors approved $1.33 million and $800,000 to match state funds appropriated by the New Mexico Legislature during the 2020 session. In a memo from City Administrator John Lowe to City Councilors, he wrote that ENMRD requested state lawmakers to allow the final $10 million in state funds be made available in fiscal year 2020, rather than fiscal year 2021. Read full article.

COVID-19: What Should Employers Consider As They Adapt Their Background Screening Program?

Thursday, April 16, 2020

Businesses continue to operate despite the global reach of COVID-19. And while some industries are seeing a momentary downturn in hiring, others are experiencing a seemingly insatiable need for talent. From workers supporting the supply chain to healthcare professionals on the frontlines of the battle against COVID-19, the need to identify and onboard workers is more critical now than ever. And for many organizations that are experiencing a lull in hiring, the shift to remote work presents new risks that may have been previously unconsidered. Workers who are out of sight should not be out of mind. Read full article.

Economic Development Department Ramps Up Public Outreach: Agency Provides Ongoing Webinars to Help Businesses and Communities

Thursday, April 16, 2020

SANTA FE, N.M. – The New Mexico Economic Development Department is announcing 10 additional webinars to help business owners and community developers maximize their online footprint and to navigate federal and state economic emergency assistance. “Small businesses in New Mexico are hurting, as they are everywhere during this unprecedented health crisis. As a state, we must do everything we can to help them through this difficult time,” Gov. Michelle Lujan Grisham said. “The Economic Development Department has provided new tools to help businesses find a way to work online to the extent possible and to capture all the state and federal aid availabl...

Ten Things We Need To Know About Paycheck Protection Program Loan Forgiveness

Wednesday, April 15, 2020

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Securities (CARES) Act, a $2.3 trillion relief package designed to help individuals and businesses weather the economic damage caused by the COVID-19 pandemic. The headliner of the CARES Act was the creation of the Paycheck Protection Program (PPP), a new loan package designed to put $350 billion into the hands of small businesses for use in paying employee wages and other critical expenses over the coming weeks and months. As of the morning of April 15th, nearly $250 billion in cash had made its way t...

New Mexico small businesses urged to apply for federal stimulus loans

Thursday, April 09, 2020

New Mexico small businesses in financial distress due to the coronavirus crisis are encouraged to apply as soon as possible for loans made available under the federal stimulus bill. The stimulus bill, or Cares Act, allocates $349 billion for loans to small businesses. But businesses have until only June 30 to access the money, and loans will be made on a first-come, first-serve basis. Read full article.

Eddy County, Carlsbad and Artesia lead NM in Census self-responses

Wednesday, April 08, 2020

Eddy County, Artesia and Carlsbad lead the State of New Mexico in self-responses to the 2020 United States Census, according to government figures. Artesia leads the way in the number of respondents who completed a Census form either online or on the phone at 40.2 percent, per April 6 numbers. Carlsbad was next at 36.6 percent and Eddy County’s self-response rate was 35.9 percent, the numbers indicated. Read full article.

Oil and gas pipeline to be built near Carlsbad found to have 'minimal' environmental impact

Wednesday, April 08, 2020

Federal regulators found a proposed project to build 135 miles of oil and gas pipelines in the Permian Basin, crossing from southeast New Mexico to West Texas would not have a “significant” impact on the environment. An environmental analysis conducted by the Federal Energy Regulatory Commission (FERC), with cooperation from the Bureau of Land Management (BLM) was published last month, analyzing the proposed project’s impact on several environmental aspects. Read full article.

Essential Businesses: What is considered an essential business under New Mexico’s Stay-at-Home order?

Tuesday, April 07, 2020

On April 22, 2020, Governor Michelle Lujan Grisham and the New Mexico Department of Health announced the extension of the Stay-at-Home order to help minimize the spread of COVID-19 in New Mexico. Stay-at-Home order extension is now from April 7 – May 15, 2020 unless otherwise amended. “Essential business” means any business or non-profit entity falling within one or more of the categories listed below. The order requires that all non-essential business cease In-Person Operations which now includes automobile dealerships, payday lenders and liquor stores. Online operations are still allowed. Read full article.

Explore Carlsbad Caverns National Park Like Never Before On This Virtual Tour

Tuesday, April 07, 2020

Stuck at home or in the office? If you’re itching to explore the Land of Enchantment but unable to leave for an extended period of time, we have you covered. Recently, one New Mexico national park has been made available so you can tour without even leaving your couch. Continue reading here.

ExxonMobil donates $100K to support online education in Carlsbad

Monday, April 06, 2020

The Carlsbad Municipal School District will receive $100,000 from ExxonMobil to provide laptops and internet to low-income students who are living in remote locations with limited internet access. "Carlsbad's schools and teachers need support and encouragement during these difficult times," said Staale Gjervik, senior vice president at ExxonMobil and president of XTO Energy. "We hope our contribution will help facilitate the transition to online learning during this period and ease the burden on families and the schools." Read full article.

N.M. small businesses urged to apply quickly for federal stimulus loans

Monday, April 06, 2020

SANTA FE – New Mexico small businesses in financial distress due to the coronavirus crisis are encouraged to apply as soon as possible for loans made available under the federal stimulus bill. The stimulus bill, or Cares Act, allocates $349 billion for loans to small businesses. But businesses have until only June 30 to access the money, and loans will be made on a first-come, first-serve basis. “This money will go quickly, and New Mexico small businesses must act as soon as possible to obtain loans,” Economic Development Secretary Alicia Keyes said Saturday. “Many businesses struggling through this crisis need a financia...

City of Carlsbad update: Community rallies during pandemic

Wednesday, April 01, 2020

Shining a light on some of our local outstanding citizens who are helping us all through this crisis has been very well received, so here are a few people who deserve special mention today: Anthony Foreman, for a very generous donation to the Boys and Girls Club, and for always coming forth to support this community. Lisa Rhodes and our excellent Carlsbad Municipal Schools staff cafeteria for feeding community children during these trying times. The school district is adding Sunset as a location beginning April 6. They will serve grab and go breakfast and lunch along with Carlsbad Intermediate School, Carlsbad, Deser...

New statewide fund to respond to COVID-19 launches with over $1.1 million

Thursday, March 26, 2020

FOR IMMEDIATE RELEASE Contact: Nora Meyers Sackett Press Secretary, Office of the Governor nora.sackett@state.nm.us March 26, 2020 SANTA FE – Gov. Michelle Lujan Grisham on Thursday announced a new fund established by the New Mexico Coalition of Community Foundations to help New Mexico respond to and eventually recover from the COVID-19 pandemic. The All Together NM Fund will be used to address immediate needs and offer long-term support for the recovery work that lies ahead. Pledges of more than $1.1 million from Ian and Sonnet McKinnon; Intel; Pattern Energy; Blattner Energy; and Tri State Generation and Transmission Association will seed the fund, which will be administered by the Sant...

Coronavirus (COVID-19) Update from Artesia General Hospital

Wednesday, March 25, 2020

March 25, 2020 It is with great sorrow that we have to announce the death of an Artesia resident on Monday as a result of COVID-19. The patient was admitted to Artesia General Hospital on Sunday, March 22, presenting symptoms of the virus. He was tested and his results were expedited, which came back positive this morning from the New Mexico Department of Health. Many of us share the family’s grief; and on behalf of Artesia General Hospital, we would like to extend our heartfelt condolences to the patient’s family. We are conducting ongoing tests and awaiting results, but at this time w...

SIC approves creation of $100 million NM recovery fund

Tuesday, March 24, 2020

BY KEVIN ROBINSON-AVILA AND DAN BOYD / JOURNAL STAFF WRITERS Published: Tuesday, March 24th, 2020 at 12:06pm As much as $100 million from one of New Mexico’s permanent funds will be made available for business loans under a New Mexico Recovery Fund approved Tuesday by the State Investment Council Pictured is the Nob Hill area in Albuquerque. (Roberto E. Rosales/Albuquerque Journal) SANTA FE — The New Mexico State Investment Council voted unanimously Tuesday to immediately pump up to $100 million from one of the state’s large permanent funds into a newly-formed New Mexico Recovery Fund, which will provide discounted, short-term loans to businesses struggling t...

State agencies encouraging take-out, delivery options at restaurants

Wednesday, March 18, 2020

SANTA FE - During this difficult time for New Mexico restaurants and food establishments, the New Mexico Departments of Economic Development and Environment are encouraging New Mexicans to patronize local eateriesby utilizing home and curbside delivery and take-out options as much as possible to minimize contact with others. “Communities must step up for our local New Mexico businesses,” said Economic Development Department Cabinet Secretary Alicia Keyes. “New Mexicans can both help mitigate the transmission of COVID-19 and support these local businesses by choosing take-out over dining in.” “The standing advice from experts is to avoid groups of people if possible,” said Environmen...

The Economic Development Administration’s Five Investment Priorities

Thursday, March 05, 2020

Knowing your revitalization partner’s priorities adds clarity and saves time. When they are a funder with a competitive grant process, there’s all the more reason to know their priorities. For local communities interested in knowing where the U.S. Economic Development Administration (EDA) is at with their current investment priorities, this month’s speech at the 88th Winter Meeting of the U.S. Conference of Mayors delivered by Deputy Assistant Secretary for Economic Development and Chief Operating Officer Dennis Alvord pointed the way. Read full article.

What Are The Biggest Industries In New Mexico?

Thursday, March 05, 2020

New Mexico is historically a mining and ranching state, but natural resources still contribute significantly to the GDP. Energy, aerospace and defense, logistics and transportation, tourism, food, etc., are some of the state's biggest industries. A Breif Overview Of The Economy Of New Mexico Although the mining sector has scaled down on employees, the gas and oil industry of New Mexico contribute over $2 billion in revenues and taxes annually. New Mexico produces the most potash in the United States and holds significant deposits of uranium. The state is on a path to recovery since the economic recession of 2007. In the decad...

JTIP Funds support 107 new jobs in New Mexico

Wednesday, February 19, 2020

Santa Fe, N.M. – The New Mexico Economic Development Department has awarded Job Training Incentive Program (JTIP) grants to eight companies for the training of 107 new employees, Cabinet Secretary Alicia J. Keyes said today. More than $889,000 in job training funds were awarded to businesses in Rio Rancho, Church Rock, Loving, Albuquerque, Roswell, and Los Alamos. The average wage of the trainees is $17.21 per hour and three of the businesses are first-time JTIP recipients -- Supply One, Theta Plate, and USA Beef. February’s JTIP applicants are a great example of New Mexico’s diverse economy. Trainees will join the workforce in numerous industries...

5 key takeaways from Carlsbad business leaders' annual trip to Santa Fe

Friday, February 07, 2020

Business leaders from across Eddy County traveled to Santa Fe the week of February 7th for the Carlsbad Chamber of Commerce’s annual lobbying trip to meet with state policy makers and express the unique needs and impact of southeast New Mexico. Known as the Bat Brigade, the group talked with New Mexico cabinet secretaries about the regulation of oil and gas – the region’s main economic driver – along with public education, roads and the environment. Read full article.

NM must invest in tourism and hospitality for economic growth, stability

Wednesday, February 05, 2020

Thanks to the hard work of area businesses and a good year for oil and gas, Carlsbad is experiencing an economic boom. We have enjoyed business growth and record-breaking lodgers’ tax. While we celebrate this success, we know that for it to continue, we must be proactive. We, like so many communities across our state, know the ebb and flow of the oil and gas industry and know that we must look beyond just one industry for stability. In Carlsbad, we are taking a proactive approach to diversifying our economy through destination promotion. We applaud the growth of our existing industrie...

More Than 31 Million People in the United States (15.6% of the Adult Population Ages 18-64) Are Engaged in Early Stage Entrepreneurial Activity, According to the 2018/2019 United States GEM Report Produced by Babson College

Monday, February 03, 2020

WELLESLEY, Mass. -- The United States exhibits among the highest rates of early stage entrepreneurial activity in the developed world (15.6%). In addition, a great majority of entrepreneurs in the United States were motivated by opportunity in 2018. These are among the findings of the 2018/2019 U.S. Global Entrepreneurship Monitor Report, produced by Babson College. Read full article.

U.S. economy shakes free of recession fears in striking turnaround since August

Sunday, February 02, 2020

Measured growth is expected because of lower interest rates and more certainty after resolutions to some of Trump’s trade disputes The U.S. economy is heading into 2020 at a pace of steady, sustained growth after a series of interest rate cuts and the apparent resolution of two trade-related threats mostly eliminated the risk of a recession. This marks a dramatic turnaround in momentum since August, when some forecasters predicted a 50 percent chance of a downturn starting by the end of next year. Read full article.

USDA announces $550 million to deploy high-speed broadband internet infrastructure in rural U.S.

Saturday, February 01, 2020

STANTON, Iowa (KFOR) – More than half of a billion dollars in United States Department of Agriculture (USDA) Reconnect Pilot Program funding will be available in 2020 to develop high-speed broadband internet infrastructure in rural parts of the United States. U.S. Secretary of Agriculture Sonny Perdue announced that a second round of $550 million has been made available after being appropriated by Congress. Read full article.

Los Alamos National Laboratory spent $396 million with New Mexico business in 2019

Thursday, January 23, 2020

Economic impact data shows gains in procurement contracts to small business, job creation, and economic development projects Newswise—New numbers for fiscal year 2019 show Los Alamos National Laboratory’s big impact on New Mexico’s economy, as the Laboratory employed 12,041 people for a total of $1.16 billion in salaries and contracted with small businesses statewide for $288.6 million. “Los Alamos National Laboratory is a major economic driver in the region, and we are fully committed to strengthening local companies and growing the local workforce,” said Thom Mason, director. “I look forward to building on these efforts in the coming year.” Read full article.

Netflix spent over $150M, hired over 1,600 cast and crew in New Mexico

Wednesday, January 22, 2020

NEW MEXICO (KRQE) – The New Mexico Economic Department reports that since signing an agreement to open its first U.S. production hub in New Mexico, Netflix has spent over $150 million in the state. Economic Development Cabinet Secretary Alicia Keyes also announced Netflix has hired more than 1,600 cast and crew members and have utilized over 2,000 production vendors in the state. In January 2019, the streaming giant which is based in Los Gatos, California signed an agreement that allowed Netflix to purchase Albuquerque Studios and promised $1 billion in production spending over the next 10 years. In return, the State o...

Brew anew: Carlsbad brewery gets second life in downtown revitalization

Sunday, January 19, 2020

Lucas Middleton used to brew beer just to pass the time. He started making his own craft brews in his apartment while studying geology at New Mexico State University in Las Cruces. But after opening the second location for Milton’s Brewing, the brewery he founded with his friend Austin Weyant, Middleton solidified his place as a catalyst in Carlsbad’s growing dining and beer scene. Read full article.

News and Media

Carlsbad residents enjoy a low cost of living. At only 93% of the national average, our residents have more money to spend doing things they love.

Carlsbad is the best emerging economy in New Mexico thanks to our diverse group of businesses and forward-thinking residents.

We are an active community with immediate access to beautiful natural resources, hiking, boating, swimming, fishing, and more.

Our population is growing. Developers can benefit from an increased demand in housing, retail, and other amenities.

News and Media

Fast Facts

Carlsbad residents enjoy a low cost of living. At only 93% of the national average, our residents have more money to spend doing things they love.

Carlsbad is the best emerging economy in New Mexico thanks to our diverse group of businesses and forward-thinking residents.

We are an active community with immediate access to beautiful natural resources, hiking, boating, swimming, fishing, and more.

Our population is growing. Developers can benefit from an increased demand in housing, retail, and other amenities.