Cabinet Secretary Fred Mondragn

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Cabinet SecretaryFred Mondragón

• Economic Development Report

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New Mexico Unemployment

• Unemployment Rates
• for May
• New Mexico 6.5
• U.S. 9.4

Many counties across the state have 3-4
unemployment currently.
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Secretarys Priorities

• Rural Economic Development
• Technology Based Industry
• Community Development Capacity Building
• Office of International Trade-Foreign Direct
  Investment
• Film Media Expansion
• Sustainable Green Energy Development
• Spaceport America
• Partnerships, Public Private
• Tribal Economic Development
• Business Recruitment

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EDD Services Available

• Job Training Incentive Program
• Certified Communities Initiative/Capacity
  Building
• MainStreet
• Office of International Trade
• Office of Mexican Affairs
• Green Economy Initiatives
• Business Incubator
• Capital Outlay

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Green Economy

• Development of Solar cluster that has attracted
  World class leaders like Schott solar
• Smart Grid Project
• Green Jobs Cabinet
• Geothermal
• Wind
• Biomass

• Second-best solar, fifth best inland wind and
  seventh best geothermal resource potential in the
  U.S.

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Office of Mexican Affairs

• NAFTA Institute
• Connecting NM companies with
• suppliers and buyers in Mexico
• 300 companies/ 600 attendees
• 3000 B2B meetings
• AeroMexico
• International flight from Abq to Chihuahua
• Santa Teresa Rail
• Moving the rail yard from El Paso to Santa Teresa
• FoxConn Development

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Office of International Trade

• Main Services
• Client Consulting
• Outreach
• Trade Promotion
• Investment Attraction
• OIT Focus Programs
• Region- country-specific trade consulting
• Assistance finding importers, sales
  representatives, distributors and other partners
• In-country assistance while on business travel
• Focus Middle East
• Focus Japan
• Focus Asia
• Focus Europe

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Business Incubators

• Assist communities to develop/certify incubators
  based on National Business Incubator Association
  criteria
• Five certified to-date
• South Valley Economic Development Center
• WESST Enterprise Center
• Santa Fe Business Incubator
• Quality Center for Business (San Juan College)
• Clovis/Curry County Business Center
• In Progress Cuba and Silver City
• 140 business clients/1400 jobs created

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Capital Outlay Funding

• 4.5 Million in Capital Outlay
• PreCheck-Helped move the company headquarters
  from Houston to Alamogordo
• 200 new jobs
• Reserve, NM-New Building for Industrial Mill Park
• 15 new jobs
• Louisiana Energy Services-restoration of building
  for office space
• 90 jobs

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Success Stories

• Schott Solar- World leader in photovoltaics
  located in Albuquerque, creating 1500 jobs
• Signet Solar- Located in Belen creating 500 jobs
• HP-Located in Rio Rancho creating 1300 jobs
• Fidelity- Located in Albuquerque creating 1250
  jobs
• PreCheck- National accreditation company located
  their headquarters in Alamogordo, NM

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ARRA- Stimulus Assistance

• Silver City
• 2 Million from EDA
• To renovate the old Wal-Mart building owned by
  the county, into a multi-use facility
• Albuquerque
• 2 Million from EDA
• Research facility to conduct clinical trials
• Las Cruces
• 2 Million from EDA
• Arrowhead Center

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Good Things Happening Here

• RailRunner-connecting cities along the Rio Grande
  valley to increase workforce availability.
• Film/Media-Top grossing movies in history shot in
  NM in the last couple of years.
• Green Energy-NM is home to a growing solar
  cluster, geothermal and wind energy projects.
• Border Development-growing interest in locating
  along the border to be close to Mexican
  manufacturing facilities like FoxConn.
• Spaceport America-Ground breaking last month,
  construction beginning, contracts in place with
  Virgin Galactic, Armadillo, and Lockheed Martin.

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Thank you