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Business

Roswell weighs home builder incentives amid housing shortage

The City of Roswell is considering a Municipal Infrastructure Reimbursement Program that reimburses home developers for building specific infrastructure elements, which could ultimately lower the cost of new homes.


Business

Non-stop daily flights will connect growing Albuquerque film industry to 'heart of Hollywood'

Starting next year, professionals in the film industry with be able to easily travel between Albuquerque International Sunport and Hollywood Burbank Airport now that Southwest Airlines has announced they'll be starting non-stop daily flights between the two.


Business

M'tucci's to renovate Albuquerque's 'iconic' Jones Motor Company building for new restaurant location

Albuquerque's well-known Jones Motor Company building will soon see new activity inside now that restaurant chain M'tucci's Moderno Italian Restaurant announced plans to renovate and open up a location inside the now vacant building.


Business

Lumber prices finally dropping, but housing costs 'still unaffordable' for many in New Mexico

After more than a year of unprecedented increases, the cost of lumber has declined during the summer. That’s a positive sign, but it doesn’t mean the housing industry is sailing on calm waters.


Business

Attorney for Albuquerque's Backstreet Grill faces sanctions after sending 'shocking,' profanity-laced letter to court

A judge has recently threatened to sanction Backstreet Grill's attorney, Ana Garner, after she sent a "shocking letter" to the court, according to a report by KOB 4.


Business

Return-to-work incentives 'a good step,' but only 4,000 New Mexicans take advantage

Earlier this year, New Mexico instituted a return-to-work incentive program for its residents amidst a worker shortage in the state.


Business

'Profits are the purpose of being in business': As McKinley County gas stations stop selling fuel to keep selling liquor, Kokinadis goes to bat for owners

Reacting to an amendment to the New Mexico State Legislature's alcohol reform bill, some gas stations in New Mexico have stopped selling gas altogether.


Business

New Nambe Pueblo Tesla plant forges 'long-term relationship' with clean energy giant

A new Tesla plant is coming to Nambe Pueblo at the site of an old casino, according to a recent report out of KRQE.


Business

Now Showing: Movie theater, restaurant moving into vacant central Albuquerque retail center

Icon Cinema and restaurant Dion’s are breathing life into the long-vacant retail center off of San Mateo Boulevard, north of Montgomery.


Business

Mayor of New Mexico's 'Chile Capital of the World' sees future built upon Hatch Chile Festival, Spaceport

Only about 1,650 people live in the village of Hatch, New Mexico, yet about 30,000 tourists descended upon the small town earlier in September to attend the annual Hatch Chile Festival.


Business

PNM's $8 billion merger with energy giant Avangrid ultimately 'helps our customers' in New Mexico

Public Service Company of New Mexico has joined forces with Connecticut’s Avangrid in an $8 billion merger where both entities are hoping to take full advantage of their experience in renewable energy, the Santa Fe New Mexican reported.


Business

'Not shying away from climate action,' El Paso Electric turns to solar power to diversify portfolio, cover anticipated 2022-23 shortfall

El Paso Electric Company says that its generation mix for 2022-2023 includes purchasing bids for natural gas, solar and battery storage, according to a press release.


Business

Counsel: Albuquerque's Backstreet Grill forced to close after 'face diaper' mask mandate dispute, not over refusing food-safety inspections

An Albuquerque Old Town restaurant didn’t want to obey public health rules, so it decided to stand up for what it believed in.


Business

'Important new capabilities': IMA Group acquires Albuquerque Neuroscience

The IMA Group (IMA) announced its acquisition of Albuquerque Neuroscience, Inc., a clinical research site specializing in diseases of the central nervous system and general medical conditions, though financial terms remain private.


Business

No Labor Day surge at Sunport, but passenger numbers trending in the right direction

Officials with the Albuquerque International Sunport believe that the number of people flying in and out of the airport are showing signs of improvement from where they were during the height of COVID-19 pandemic, even if they didn't see a surge in travelers over the Labor Day weekend.


Business

Magdalena makes most of its charm, vistas, history: 'If you like the West, this is a good place to be'

With a population of just over 650 people, the New Mexico village of Magdalena is small, but what it lacks in size, it makes up for in charm, beautiful vistas and rich history.


Business

Thirsty cannabis could struggle in severe New Mexico drought ⁠— and leave rest of state's farming industry high and dry

A severe drought in New Mexico could severely impact cannabis growth and the state's farming industry.


Business

Now hiring: Businesses and cities hope end of extra unemployment benefits will lure more people back to work

Businesses and local governments across New Mexico, including the City of Albuquerque, are still short on employees and looking for people to fill open positions as the state continues to recover from the COVID-19 pandemic.


Business

Kokinadis: Albuquerque's Backstreet Grill closes its doors after long fight against 'small business killer' mandates

After a long fight against he safety mandates put in place by Governor Michelle Lujan Grisham during the pandemic, Backstreet Grill, a restaurant in Albuquerque, has announced that it will be closing its doors.