From global manufacturing and biosciences, to outdoor recreation and film production, the Economic Development Department (EDD) set the foundation for long-term job growth in 2020, putting New Mexico on the path to sustainable recovery, Cabinet Secretary Alicia J. Keyes said today.
The COVID-19 pandemic and the public health emergency brought unprecedented challenges to small businesses, employees, and the overall economy. But EDD moved quickly in 2020 to assist businesses with direct economic assistance to train or hire new workers, acquire land, and expand infrastructure. The initiatives will boost growth and hiring in the coming year.
“In 2019 we created the most new jobs in New Mexico in more than a decade,” Gov. Michelle Lujan Grisham said. “And in 2021 we will beat back the pandemic and regain our momentum toward a thriving and diversified state economy, with opportunity for all. We are going to make certain New Mexico is positioned to keep building — and building back better than ever before — in a post-pandemic world.”
“The Economic Development Department is moving New Mexico forward with strategic investments in business expansion and job growth that sets the state on the path toward a sustainable recovery in 2021,” Cabinet Secretary Keyes said. “Now is not the time to pull back on economic investments. We need to support businesses and industries that offer higher wages, economic diversification, and better opportunities for New Mexico’s families.”
EDD has also been working diligently to keep the public informed about existing financial assistance programs. They have been publishing a weekly newsletter that lists economic assistance resources for communities and businesses, and have hosted over 30 webinars since the start of the pandemic in March.
EDD is emphasizing the nationally recognized Job Training Incentive Program as one of its signature programs that is assisting businesses as they create jobs for new workers or advance skills of existing employees. In 2020, JTIP pledged training reimbursements to 75 businesses across New Mexico in support of 2,380 jobs – 29% of that total for rural jobs and 71% for urban. The average wage in 2020 was $18.61 an hour, over $38,000 annually.
JTIP grants went to firms in Albuquerque, Church Rock, Clovis, Roswell, Sunland Park, Loving, Los Alamos, Rio Rancho, Santa Fe, Las Cruces, Moriarty, Las Vegas, Corrales, Truth or Consequences, Taos, and Deming.
In 2020, EDD’s LEDA job-creators fund made strategic investments in 18 companies that will create 2,500 jobs over the next several years.
These companies have committed to invest over $761 million in New Mexico over the next 10 years with $150 million in new payroll.
FILM AND TELEVISION PRODUCTION
The growth of the film and television production industry remains an important economic driver for New Mexico as the state looks to diversify its economy.
In January, New Mexico started out the year strong with two of our cities named in MovieMaker Magazine’s for “Best Places to Live and Work As A MovieMaker”. Albuquerque was ranked #1 for large cities for the second year in a row, beating out places like Atlanta and LA, and Santa Fe was ranked #3 for small cities and towns.
In March, New Mexico was cast as host of Deadline Hollywood’s inaugural HotSpots conference, where they shine a spotlight on locations outside of Hollywood. Deadline, a premier industry trade publication for the film industry, brought industry professionals and decision-makers from across the country to experience all that New Mexico has to offer as a film and television production hub.
In November, Netflix announced it was expanding its footprint at Albuquerque Studios to develop the largest sustainable production studio in North America. The commitment includes an additional $1 billion in production spend over 10 years, an additional 1,000 production jobs, and construction of to 10 new stages, post-production services, production offices, mills, backlots, training facilities, wardrobe suites, a commissary, and other flex buildings to support their growing number of productions in New Mexico.
Netflix Co-CEO Ted Sarandos said, “New Mexico provides an outstanding production and business environment in close proximity to Los Angeles with some of the best crews and creative talent in the world. The expansion will bring many new high-tech and production jobs to the region. It allows us to be more nimble in executing our production plans while cementing the status of the region as one of the leading production centers in North America.”
“News of the World,” the Netflix-produced film starring Tom Hanks and filmed in New Mexico, was released on Dec. 25, 2020 and is already bringing new recognition to the state for our commitment to the industry as well as the talented crews and scenic landscapes that make the film a success.
2020 also marked the first full year of operations for the Outdoor Recreation Division (ORD), signed into law by Gov. Michelle Lujan Grisham in April, 2019.
The new outdoor recreation infrastructure grants are being used to invest in trails and outdoor infrastructure to help communities attract visitors in a responsible way. The grants are helping outdoor program managers and non-profits create or expand programs to inspire young people to both enjoy the outdoors and respect it.
The office also invested in start-ups by teaching new outdoor entrepreneurs how to start or grow their businesses. This is creating jobs within the outdoor recreation industry that is far outpacing the national average. The Enterprise Center, a state certified business incubator at San Juan College, helped launch four new outdoor recreation businesses with 12 new employees and $260,000 in wages.
ORD also awarded the first Outdoor Equity Fund grants to 25 applicants. Included in that group are three Native organizations / tribal governments (NACA, Zuni Pueblo, and Karuna Colectiva) that will get 449 Indigenous youth outside within the next year.
Made outside of the normal grant cycle as an emergency COVID-19 response to the urgent needs of the community, a grant was also awarded to the Gallup-based nonprofit, Silver Stallion, for creating a Mobile Ride Center — a mobile bike shop to travel the Navajo Nation and repair kids’ bikes.