The Albuquerque City Council unanimously approved an ordinance Monday committing $5.75 million in public funds to launch a global business accelerator expected to create 1,200 high-paying jobs in Mesa del Sol.
The ordinance authorizes the city to serve as fiscal agent for $5 million in state economic development funds and invest $750,000 in local resources to support the NMexus Center, operated by Indus Synergies.
Rather than recruiting a single employer, the NMexus Center will host multiple international companies from Asia, Europe, the Middle East and South America. The facility will employ 42 people directly; cohort companies are expected to create more than 1,150 additional jobs…