New Mexico Wins Again! State Wins Deal of the Year Award for 2nd Straight Year
- January 30, 2022 9:34 pm·
For the second year in a row, New Mexico has garnered national attention for one of the nation’s most impactful economic development deals. Intel’s $3.5 billion expansion of its Rio Rancho campus has been recognized by Business Facilities as one of the top manufacturing deals in the country, specifically representing manufacturing hubs. The expansion, announced on June 1, 2021 by Gov. Michelle Lujan Grisham and Intel, will create 700 new hi-tech jobs. Intel is currently hiring [2] for those positions. The project will also create 1,000 construction jobs with an estimated total project spend of $550 million. When completed, the Rio Rancho location will be Intel’s domestic hub for advanced semiconductor manufacturing. The facility originally opened 20 years ago in 2002. “Intel’s expansion in New Mexico proves once again that we are the place to be for companies seeking a strong workforce and a business-friendly climate,” Gov. Michelle Lujan Grisham said. “We’re continuing to invest in LEDA and other economic initiatives because we know they work.” Last year the state received a similar award in a different category for the 2020 Netflix expansion, the first time New Mexico has ever been recognized in these annual awards, and now that acknowledgement has now come twice. “Intel is one of many advanced manufacturing companies relocating or expanding in New Mexico,” Economic Development Department Cabinet Secretary Alicia J. Keyes said. “The State is very proud to once again…