Dive summary:
- Aluminum recycler, Wise Recycling, has decided to stay in Bernalillo County, N.M. after receiving an incentive package that will allow the company to spend $700,000 on new equipment.
- With the incentive package in hand, Wise is looking to hire eight new employees and upgrade its equipment; without it, the company said they would have left the county.
- The county department also approved the industrial development project application on behalf of TW Investments, which holds Wise Recycling as a tenant.
From the article:
Bernalillo County is proud to once again lead the way with innovative ways to save and create jobs in Central New Mexico,” says Bernalillo Commissioner Art De La Cruz. “This commission has helped attract new companies to New Mexico, supported small businesses and looked for ways to help existing companies stabilize. The bottom line is we are focused on the economy and taking action.”
Bernalillo County is the first county in New Mexico to use an Industrial Development Project in this way. ...