Blog

New $50 Million plant to bring 350 jobs to New Mexico

December 14, 2018

A Taiwanese manufacturing company is opening a $50 million plant in Santa Teresa, with an expected workforce of nearly 350, the company announced Wednesday.

Report: New Mexico has most female-owned businesses

December 13, 2018

A new report out is singing New Mexico’s praises when it comes to the percentage of businesses owned by women. According to Frontier Business, 51.7-percent of businesses in the state are owned by females and that number has likely since grown.

Oil Sector Boosts State Government Fortunes in New Mexico

December 12, 2018

Budget analysts for the Legislature trace about 80 percent of growth in state income during the current fiscal year directly to the oil and gas industry.

Stampede Meat opens Sunland Park plant with 300 reporting to work on Monday

December 10, 2018

The company has 300 employees starting work on Dec. 10. Construction work continues at the site, with plans to expand the company’s workforce to nearly 1,300 by 2024.

Eddy, Sandoval, and Lea Counties Lead Economic Growth

December 7, 2018

According to these measures, Sandoval County has been among the counties for incoming investment in New Mexico since at least 2015. Eddy and Lea counties’ places in the top three for 2018 are a testament to the energy boom happening in the Permian Basin. In 2015, neither county was in the top five.

New Mexico State Lands Are Providing Opportunities for Education

December 4, 2018

Oil and gas development accounted for 93 percent of the $852 million in revenue delivered to the state trust lands funds. Public schools received $698.4 million from these funds, an increase of $85 million from the previous year.

Report: Out-of-State Interests Flooded New Mexico with Comments Opposing Major Economic Opportunity

November 27, 2018

Increasing production from the Blanco-Mesaverde field would be a victory for the New Mexican economy and is another boost that will help continue the state’s recent economic growth and success.

New Mexico Marks Record for Monthly Oil and Gas Lease Sale

November 23, 2018

The New Mexico State Land Office has set a record for its monthly oil and gas lease sale, generating more than $43 million for public schools and other trust land beneficiaries.

New Mexico posts largest job growth in 12 years

November 17, 2018

New Mexico continues its ascent out of the economic doldrums, with job numbers in October showing the biggest percentage gain in a dozen years.

Updating New Mexico ‘Pool Rule’ Could Generate Over $29 Million in Additional Tax Revenue

November 15, 2018

An obscure New Mexico rule currently prevents natural gas companies from enhancing production in parts of the San Juan Basin, but a proposed update to that rule could generate more than $29 million in new tax revenue.