New Mexico Economic Development Department
State Government: Agencies/Departments/Divisions | Commerce & Economic Development
Recent News About New Mexico Economic Development Department
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The New Mexico Economic Development Department (EDD) released its September 2023 reports. The reports reveal that in the fourth quarter of the 2023 fiscal year (April, May and June 2023), New Mexico set a record high in spending, reaching $8.67 billion as measured by Matched Taxable Gross Receipts (MTGR), according to a document announcing the reports provided by EDD.
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The New Mexico Economic Development Department (EDD) has announced the recipients of the inaugural Creative Industries Grant Awards. These grants have been awarded to 18 projects across 15 communities and 3 pueblos in New Mexico. The aim of these grants is to promote progress and economic development in local communities and tribal regions through creative industries.
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New Mexico Gov. Michelle Lujan Grisham announced the resignation of Alicia J. Keyes as secretary of the state's economic development department in a June 29 statement. Grisham acknowledged Keyes's role in the state's thriving economy, its growing diversity, and historic job numbers.
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A technology company test-launched an airship from the New Mexico desert last week, taking a critical step toward providing an option, other than satellites and airplanes, to boost internet connectivity and collect other data.
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A company that uses hydrogen to fuel airplanes is building a manufacturing and distribution center in the Albuquerque Sunport.
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New Mexico appears to be a magnet to many production studios seeking to move east from Hollywood, so much so that the Land of Enchantment has earned the nickname "Tamalewood."
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Five New Mexico science and technology companies, two in Albuquerque, two in Santa Fe and one in Las Cruces, will each receive a startup grant of $25,000.