NM B I Z B U Z Z : the Business of New Mexico

Silver City Sun-News MainStreet plans business owner survey

8:23 AM

The Albuquerque Tribune: N.M. in running for plant Canadian aircraft firm Bombardier Aerospace has made New Mexico among its four finalist locations for a jet manufacturing plant that could employ 5,000 workers.

8:23 AM

State invests millions in Albuquerque-based movie, First Snow - New Mexico Business Weekly

8:21 AM

Business offers a smorgasbord of requests - The Albuquerque Tribune "There seems to be pretty good recognition that growing the economy is the catalyst needed to address other issues, such as schools, transportation and water. The only way we can provide more money and resources for badly needed infrastructure is to have a larger source of income," says John Carey, president of the Association of Commerce and Industry of New Mexico.

"We're a Rocky Mountain state, surrounded by and adjacent to some of the most pro-business and pro-growth states in the nation. It puts pressure on us to make the same case." ...

1:11 PM

Job training program funds 25 new jobs - New Mexico Business Weekly The Job Training Incentive Program (JTIP) board of directors has approved $282,817 to fund 25 new jobs averaging nearly $42,000 annually, Secretary of Economic Development Rick Homans says. The state economic development department oversees the program.

12:19 PM

72 Coalition Partners endorse Incentives for Jobs

2:25 AM

Full Plate for Legislature Jay Miller's "Inside the Capitol"

4:05 PM

In advance of the 2006 Legislative Session the Incentives for Jobs group have set out the eight bills they are endorsing. Full details

1:58 PM

from Forbes, January 2005
Cheap Jet Update
Thus bizjets remain inefficiently manufactured; costs and prices remain high; and the pool of buyers stays small. We have here a classic case of self-fulfilling prophecy. Eclipse Aviation of Albuquerque, N.M. looks like a good bet to end this streak and inject some needed revolution into the field.
Last month the Eclipse 500, a four-passenger jet, was due to take a test flight with its new Pratt & Whitney 610F engines. .....Certification and delivery of the Eclipse 500 is now expected in 2006.
Here's the revolution: The Eclipse 500 will cost about $1.3 million--about half the cost of the rival four-passenger Cessna Mustang, also due out in 2006.
Full story (free registration required)

1:04 PM

Wired News: X-Prize Long Shots Still in Play

11:44 AM

Governor gives GTEDC $1.5 Million Governor Bill Richardson came to Quay County Friday morning and before he left, the Greater Tucumcari Economic Development Corporation had a commitment for $1.5 million.

8:44 AM

Alamogordo’s New Mexico Museum of Space History is shipping names to the stars on the maiden Ansari X-Prize launch of SpaceShipOne

The museum has partnered with the St. Louis Science Center and Ansari X-Prize Foundation to send names starward. Until Aug. 27, you can sign up at the museum. Cost is $10 per name. The first flight is slated for Sept. 29 from Edwards Air Force Base, Calif. If SpaceShipOne does not make the first flight, the names will be flown on the competitor’s vessel. Either way, the names will be aboard the winning spacecraft

9:32 AM

Wednesday, August 18, 2004
Development help available, agency boss tells Socorroans

Dana L. Bowley El Defensor Chieftain Editor

The state is serious about making the economic development tools it has at its disposal available to local communities and businesspeople, says the man in charge of the effort.

Rick Homans, secretary of the state Economic Development Department, told a small group of Socorro public officials and businesspeople Monday at City Hall that growing the state's economy and the economies of local communities is a priority for Gov. Bill Richardson.

9:21 AM

Wednesday, August 18, 2004
Development help available, agency boss tells Socorroans

Dana L. Bowley El Defensor Chieftain Editor

The state is serious about making the economic development tools it has at its disposal available to local communities and businesspeople, says the man in charge of the effort.

Rick Homans, secretary of the state Economic Development Department, told a small group of Socorro public officials and businesspeople Monday at City Hall that growing the state's economy and the economies of local communities is a priority for Gov. Bill Richardson.: "%09%0D%0A%0D%0AWednesday%2C%20August%2018%2C%202004%0D%0ADevelopment%20help%20available%2C%20agency%20boss%20tells%20Socorroans%0D%0A%0D%0ADana%20L.%20Bowley%20El%20Defensor%20Chieftain%20Editor%0D%0A%0D%0AThe%20state%20is%20serious%20about%20making%20the%20economic%20development%20tools%20it%20has%20at%20its%20disposal%20available%20to%20local%20communities%20and%20businesspeople%2C%20says%20the%20man%20in%20charge%20of%20the%20effort.%0D%0A%0D%0ARick%20Homans%2C%20secretary%20of%20the%20state%20Economic%20Development%20Department%2C%20told%20a%20small%20group%20of%20Socorro%20public%20officials%20and%20businesspeople%20Monday%20at%20City%20Hall%20that%20growing%20the%20state%27s%20economy%20and%20the%20economies%20of%20local%20communities%20is%20a%20priority%20for%20Gov.%20Bill%20Richardson."

9:20 AM

Albuquerque Tribune Online: "Intel loves the county for the tax breaks it has provided, allowing the company to save money on improvements to its Rio Rancho facility, which employs 5,300 and carries a payroll of $399 million.

State and county officials hope Intel's application for a $16 billion industrial revenue bond from Sandoval County - thought to be the largest such bond ever - signals that it wants the relationship to continue.

'Intel is keeping its pledge to New Mexico,' said State Economic Development Secretary Rick Homans.

On Friday, Intel announced its request for the $16 billion bond package, saying it will help attract new Intel projects to the Rio Rancho plant over the next 15 years."

9:17 AM

NEW FOREIGN TRADE ZONE #256 FOR ROSWELL, NEW MEXIC0
(press release)

The City of Roswell, New Mexico has created a new U. S. Foreign-Trade Zone, Foreign-Trade Zone No. 256 under a grant of authority issued by the U. S. Foreign-Trade Zones Board pursuant to Board Order No. 1261. The FTZ was approved on December 02, 2002.

ROSWELL, NM (PRWEB) August 16, 2004 -- Foreign-Trade Zone No. 256 consists of 1 site totaling 524 acres located at the Roswell International Air Center. The City of Roswell New Mexico is working with the Lunsford Companies, Inc., TO POSSIBLY ESTABLISH THEM AS ITS first Subzone Operator.Lunsford Companies, Inc. has been in partnership with Jade Gate Co. Ltd. for the past 10 years.

In October of 2003 they imported their first two containers of goods from China to Carlsbad, New Mexico. Bob Donnell, Executive Director of the Chaves County Development Foundation (CCDF), contacted Mr. Lunsford to discuss whether or not Lunsford Companies, Inc. could benefit from Roswell’s FTZ as a subzone operator.

The CCDF has worked with the City of Roswell to solve all the problems and obstacles associated with establishing the FTZ. Bill Armstrong Jr., President of the CCDF, in Conjunction with Roswell Mayor Bill Owen, and Harold Hobson, Chairman of the Chaves County Commission are sponsoring a Luncheon Meeting at the Roswell Country Club, Noon on Tuesday, August 17, 2004, to welcome Mr. William B. Lunsford, President of Lunsford Companies, Inc., Mr. Ai Fu Zeng, President OF Jade Gate Co. Ltd. and Mr. Li Xiaofeng, Economic Development Planner, China.

They have also invited various business leaders of Roswell, New Mexico to attend the luncheon and extend a warm welcome to our China Visitors. The CCDF has also arranged a dinner meeting for Rick Homans, Cabinet Secretary for the Economic Development Department of the State of New Mexico to meet with Mr. Lunsford, Mr. Ai Fuzeng, and Mr. Li Xiaofeng. William B. Lunsford, Mr. Ai Fuzeng and Mayor Sun Yuanliang of Liaoyang, Liaoning, China have extended an invitation to Mayor Bill Owen, Roswell, New Mexico to become sister cities.

Mayor Sun Yuanliang has also extended an invitation to Mayor Owen, Bob Donnell, and Harold Hobson to come to Liaoyang Liaoning, China as guest of William B. Lunsford, Mr. Ai Fuzeng and Mayor Sun Yuanliang to pursue all areas of economic development interest and trade possibilties between Roswell, New Mexico and Liaoyang Liaoning, China.

A FOREIGN TRADE ZONE is an area considered outside of the U.S. Customs territory in which duties on merchandise can be deferred, reduced or in some cases eliminated. A Foreign-Trade Zone is an area where domestic and foreign merchandise is brought for the purpose of storage, manufacturing, assembly, salvage, repackaging, repair, re-export, transfer shipping, exhibiting goods and other operations.

Most Foreign-Trade Zones are located in or near U.S. Customs Port of Entry and under U.S. Custom Supervision. Foreign-Trade Zones are also referred to as "FREE PORTS" or FREE ZONES in some parts of the world. A Foreign-Trade Zone is a unique means of expanding international trade in Roswell, New Mexico as well as stimulating the local economy to provide greater economic growth and employment opportunities to Roswell, New Mexico.

CONTACT INFORMATION The Chaves County Development Foundation - Bob Donnell, Executive Director P.O. BOX 849 Roswell, NM 88202

http://www.chavescounty.net

9:04 AM