New Mexico: Opportunity Zones are Knocking

5 Aug 2019

FOR IMMEDIATE RELEASE:

Contact:

Bruce Krasnow

B?ruce.Krasnow@state.nm.us

(505) 827-0226, cell:

(505) 795-0119

SANTA FE, N.M. - The New Mexico Economic Development Department (NMEDD) hasunveiled a new website so local governments, investors, businesses, and propertyowners can take advantage and connect with Opportunity Zone resources.

The state, along with NMEDD, designated 63 Opportunity Zones in 22 counties as part ofthe U.S. Government’s Tax Cuts and Jobs Act of 2017. The purpose of the tax law is toattract capital investment into economically distressed areas in exchange for a reducedtax obligation.

“The Opportunity Zone program has the potential to transform parts of New Mexico andimpact communities for generations to come,” said Cabinet Secretary Alicia J. Keyes ofthe New Mexico Economic Development Department. “The state is working to educateand assist all 63 designated tracts to create an ecosystem that is open and ready forinvestment.”

Continue to full Press Release here.

Gov. Michelle Lujan Grisham

Cabinet Secretary Alicia J. Keyes

Deputy Secretary Jon Clark

More Topics

GGEDC awarded TBIC FDI Certification

Jul 23 2019

<p>Gallup, NM — GGEDC Board President Tommy Haws announced Trans-Atlantic Business Council (TBIC) is awarding the Foreign Direct Investment Qualified Community Certification (FDI Certification) to Greater Gallup Economic Development Corporation (GGEDC) with the purpose of promoting the Gallup-McKinley County market to foreign, specifically, European industries.</p> <p>Trans-Atlantic Business Council seeks to connect European industrial enterprises with American communities in efforts to develop distant yet promising economies. “With the FDI community certification, TBIC will market Gallup-McKinley County to European manufacturing firms” said Executive Director Patty Lundstrom. “The FDI community certification indicates that Gallup-McKinley County has the necessary education infrastructure, talent pool, community support and existing base of manufacturers to support new manufacturing.”</p>

Microsoft, Sacred Wind attack digital divide in rural NM

Jun 28 2019

ALBUQUERQUE, N.M. — Albuquerque-based Sacred Wind Communications is partnering with Microsoft Corp. to provide wireless broadband to remote New Mexico communities through unused TV spectrum. Sacred Wind will install Microsoft technology to tap into “TV white spaces,” or unused UHF and VHF broadcast spectrum, to potentially provide high-speed internet...

Gallup, New Mexico is a Patriotic Community Centrally Located in the SW United States

Jun 26 2019

Gallup, New Mexico is conveniently located within one of the fastest growing regions of the United States. Gallup provides companies with easy access to expanding markets in Colorado, Arizona, and Texas. In fact, Gallup is a transportation hub with immediate rail and highway access, providing companies with multiple ways to...