Rio Rancho Observer
Collaboration with city and county officials, as well as other state economic development groups, has created new jobs and opportunities in Sandoval County and Albuquerque, according to the Sandoval Economic Alliance.
The new developments were discussed Tuesday during the Sandoval Economic Alliance quarterly luncheon at Club Rio Rancho. It was attended by 95 people, with seats costing $125 each.
Jami Grindatto, president and CEO of the Sandoval Economic Alliance, said the alliance has been working on two projects: the first, helping in retention efforts with Aero Mechanical Industries. The composite repair specialist in the Rio Rancho industrial park was acquired by Florida-based AerSale Inc. in July. It will stay in Rio Rancho, AerSale officials said at the time.
The Alliance’s second project is to help relocate a company to Albuquerque — an effort that began with a tip given first to the alliance. Grindatto said the deal between the undisclosed company and Albuquerque Economic Development is still in negotiation but is expected to reach an agreement by the end of the next financial quarter and would result in bringing 300 new jobs to the area. He said the deal is an example of working alongside with AED.
“This was a lead that we generated, this was a lead that came to us,” Grindatto said. “We worked on opportunities in the whole metro area and they selected a particular area in Albuquerque that suited them better for their business than what we had in Rio Rancho. At the end of the day, we want to relocate them in New Mexico.”
Over the next 10 years, Grindatto said the combination of the county’s 875 announced and expected jobs will create 83 indirect positions and 245 induced positions — jobs created due to the impact of a new or expanding business — and generate $145 million in new revenue for Sandoval County.
Grindatto said the alliance has nine active business leads, including prospects in manufacturing, customer care centers, renewable energy and healthcare. The alliance has also made 157 new contacts since May, including Elite Manufacturing, L-3 Communications, Rockwell Collins, Forbes Industries, Northstar Aerospace and the Heico Corporation.
Guest speaker Steve Vierck, president and CEO of the New Mexico Partnership, congratulated the alliance on its collaborative efforts.
“Your mayor is involved, your city manager is involved, the county commission is involved, the county manager is involved and you look like a team,” he said. “Don’t lose that because that’s going to lead to your success.”