Staff Reports
ALBUQUERQUE — New Mexico and the City of Albuquerque are investing more than $1.5 million to help BlackVe Inc., a defense and space technology company, expand its Albuquerque headquarters and create 152 high-paying jobs over the next 10 years.
The state will provide $1 million through the New Mexico Local Economic Development Act fund, with the City of Albuquerque contributing $250,000 in local LEDA funds and a 20-year Industrial Revenue Bond.
The expansion is projected to generate more than $228 million in total economic impact for the state. Funds will be distributed as BlackVe meets construction and hiring benchmarks, with the City of Albuquerque acting as fiscal agent…