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 (LEDA) fund, with the City of Albuquerque contributing $250,000 in local LEDA funds and a 20-year Industrial Revenue Bond (IRB).
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.
Founded in January 2024, BlackVe manufactures multi-mission spacecraft, applying advanced production technologies to accelerate how satellites are designed, built and operated.…