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AREA CONTRIBUTOR NEWSLETTER

January 2024

A MESSAGE FROM THE PRESIDENT & CEO

Greetings,

Welcome to a new year, and along with it many ambitious goals and of course the 2024 Legislative Session. From an economic development lens, we at AREA continue to express the critical need for investment in economic development marketing, site readiness and public infrastructure, speed to market for prospective and existing business, and of course, talent development, attraction and retention.

Our business development team has already been on the road twice this month, joining our friends at the New Mexico Partnership on a visit to southern California to engage with consultants, businesses and a number of consulate and trade offices; and another to an exclusive interaction with seven top national site selection consultants.

We have also had the great fortune to announce our 2024 AREA Board of Directors which includes many long-time leaders but also some new faces that are eager to contribute to our regional efforts in economic development. Please be sure to review the list and congratulate and than them for their service!

With gratitude,

Danielle Casey, CEcD, EDFP

2023 AREA Economic Impact Outcomes

Return on Investment to the Region:	New Projects to the Pipeline Compared to Goal:	New Capital Investment to the Region:	Direct Local Fiscal Impact of Projects:	3-Year Direct and Induced Jobs from AREA Announced Projects:
90:1	116%	$165 m	$123 m	1,509

Investor Spotlight

Thank you to our generous investors for your continued support

HUB INTERNATIONAL

Contributor since: 1996

BRONZE

hubinternational.com

DELOITTE

Contributor since: 2017

BRONZE

Deloitte Consulting

MAESTAS DEVELOPMENT GROUP

Contributor since: 2016

SILVER

www.mdgrealestate.com

IN THE NEWS: HEADLINE HIGHLIGHTS

AREA Announces its 2024 Board of Directors with Several New Faces

At the start of its third year of a 5-year strategic plan, AREA is welcoming new leadership to its board and enjoying continued support of its critical initiatives by many long-time organizational leaders.

Exciting new additions to the AREA Board in 2024 include Ruth Huning-Gonzales, Manager of Huning LLC, a family business in the Valencia County area that has long been a supporter of AREA but has not previously served in a leadership role with the organization. Ben Gardner of Dekker/Perich/Sabatini and Adam Leyba of Klinger Constructors, LLC have joined the AREA Board on behalf of their organizations which have long held leadership positions with the nonprofit.

Don Tarry

AREA's 2024 Board Chair and President & CEO of PNM

Who are AREA Ambassadors?

AREA Ambassadors are goodwill representatives of the organization, aligned with its mission. They champion AREA’s cause of growing the economy of the greater Albuquerque region. Ambassadors are educated in economic development initiatives, strategies and priorities through workshops and forums. Through these programs, Ambassadors are able to speak firsthand of the work of AREA and can promote the greater Albuquerque area through an economic lens. FIND OUT IF YOU MEET THE REQUIREMENTS, AND APPLY TO SERVE TODAY!

FEATURED JOB LISTINGS

Urban Planner

Dekker/Perich/Sabatini

Credit Specialist

Bank of Albuquerque

Visit ABQ.org/jobs

FEATURED PROPERTIES OF THE MONTH:

Find all of these and more at ABQSites.com

1700 Louisiana Blvd NE

47,000 SF of investment space available, with a 7.95% CAP rate and long-term leases in place. Check out the great investment opportunity as well as the ample windows and great views!

VIEW THE FULL LISTING

601 Quantum Rd. NE

Colliers has been retained as the exclusive agent for the sale or lease of the fee simple interest in a 28,000 square foot state-of-the-art office/flex building situated in the heart of New Mexico’s 3rd largest city, Rio Rancho. The property is located within the New Mexico Business Tech Center, just off NM Highway 528 (Pat D’Arco Hwy), the major north-south arterial through the city.

VIEW THE FULL LISTING

Find the perfect space for your business at ABQSites.com

Opportunity Enterprise Revolving Fund:

Second Application Round is OPEN

The Opportunity Enterprise program provides low-cost loans for building or renovation projects to increase the inventory of commercial facilities and achieve economic benefits for New Mexico. The New Mexico Finance Authority makes loans from the Opportunity Enterprise Revolving Fund to applicants whose projects were recommended by the Opportunity Enterprise Review Board.

Funds may be used for activities related to commercial facility development, including purchasing, planning, building, surveying, improving, operating, equipping or maintaining land, buildings or infrastructure.

The application round opened on January 16, 2024 and closes on March 1, 2024. Applications will be reviewed after the close on March 1, 2024.