04
Oct

Albuquerque Business First
By Joe Cardillo, Reporter
PUBLISHED: Oct 4, 2016

The state’s economic development department and local government agencies announced third quarter job growth Monday, and most of it came from local businesses according to a press release from the Sandoval Economic Alliance.

The biggest gain was 50 new positions with Bernalillo-headquartered MCT Industries, which specializes in manufacturing and machining for defense contractors.

Overall, job numbers for the quarter totaled 153, including 30 tied to Gonstead Physical Medicine in Rio Rancho, 10 at Walatowa Timber in Jemez Pueblo and seven with the fast growing Corrales-based Ideum, which doubled in size from 2013 to 2015.

Monday’s jobs announcement was unique in that it mostly centered on small business and locally-grown companies.

“We often celebrate large companies, but it’s the small businesses that are the engine of our economy,” said Dawnn Robinson, city councilor and deputy mayor for Rio Rancho. “Most of our employment, job expansion, and economic growth comes from existing business.”

Most of the companies announcing new jobs are also participating in state incentive programs, including the Local Economic Development Act fund, and the Job Training Incentive Program.

That follows a trend over the last several months of more New Mexico built companies accessing training and economic development incentives.
Tiffany Avery, director of marketing and communications for Sandoval Economic Alliance, said in an email interview that the organization has seen success working with businesses that previously might not have considered accessing state incentives.

“I think the county’s focus on business growth in the smaller and rural communities such as Corrales, Jemez and Pena Blanca has been a huge factor,” said Avery. “We are really focused on getting the word out to existing businesses that there are incentives, programs and support to help them grow, which has been a huge win for SEA.”

Antoinette Vigil, Business Development Manager for Sandoval County, says the county is focused on both educating business owners on incentives and making sure there are resources to help them crunch the numbers on things like debt capacity so they can make smart decisions when growing.

“While some of the incentives, programs and services are at the state level,” said Vigil, “unless enacted, induced or adopted at that local level, they aren’t useful or beneficial to the community that the local governing body governs … we all reach out to or respond to help one another-the overall goal is economic growth and understanding the short and long-term needs and abilities within.”

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