Author: J. Erika

For its best places to travel to in the U.S., Forbes had this to say about Santa Fe. "Santa Fe never goes out of style, but with an ever-growing adventure travel scene, a slew of special events and restaurants and spas that nurture the body and soul, it should be on your 2019 travel radar."...

Readers of USA Today's 10Best poll ranked  Taos #4 on its list of the best ski towns in the U.S. "What makes a great ski town? Some would say it's convenient access to the slopes, for others, maybe it's the variety of restaurants, bars, shops and accommodations. Yet others might gravitate toward a small town vibe or historic atmosphere. Taos started as a pueblo tucked within the Sangre de Cristo Mountains of Northern New Mexico. Today,...

Facebook's data center in Los Lunas is looking to the double in size. The operation, which stores data for Facebook's social media sites such as WhatsApp, Instagram, and Facebook, opened in early 2019. It currently comprises three fully-operational buildings, a fourth due to come online shortly, and two more currently under construction. Under this new proposal, the center could expand by a total of six new additional buildings, with plans to build two by 2023. Through its...

The pandemic upended expectations for both business buyers and sellers in 2020, but not necessarily in negative ways. The past year saw one of the steepest year-over-year declines in Main Street business sales, according to BizBuySell’s Insight Report released January 21, 2021. The quarterly report, which tracks and analyzes business-for-sale transactions, stated that 7,612 business transactions closed, a 22% drop from 2019. Looking forward, the news is more promising. Pent-up demand combined with the Fed’s aggressive...

“It’s the COVID effect,” Duran said [Stephanie Duran, an associate broker with Barker Realty]. “People have been realizing they don’t need to be at the office. They can live anywhere. At the same time, they are fleeing higher density. Instead of just retiring to Santa Fe, they can live in Santa Fe now instead of having a multidecade dream of living here.” Demand for homes in Santa Fe continues at a fast pace, drawing homebuyers from...

Business editor Teya Vitu reports that construction is booming in Santa Fe. Seventeen apartment projects and a 68-unit independent living center have been recently completed or under construction. Between January and November 2020, 281 building permits for single-family dwellings were pulled. Construction activity and related job growth have ranked Santa Fe in or near the top ten among the nation's 358 metropolitan areas. Read the full article on the New Mexican....

The Economic Development Department has published the most recent series of county economic reports with detailed economic and employment data for all of the 33 counties as well as a statewide snapshot, Cabinet Secretary Alicia J. Keyes said today. The reports with a Dec. 2020 publication date cover the first quarter of the 2021 fiscal year – July, August, and September 2020 - during the COVID-19 public health emergency. “This community-level data, delivered in a timely and...

[caption id="" align="alignleft" width="365"] Recently constructed, SpinLaunch's 10,000 square foot Integration Facility and Mission Control at Spaceport America[/caption] A company that is developing and testing a mass accelerator with the aim of launching satellites into space orbit, using kinetic energy instead of rockets, is expanding at New Mexico’s Spaceport America, Cabinet Secretary Alicia J. Keyes announced today. SpinLaunch signed a lease at Spaceport America in 2019 and has since invested in test facilities and an integration facility....

ARTICLE BY: NAOMI JOHNSON If you are a small business owner, chances are you’ve never experienced anything quite like the challenges created by the pandemic. Maybe your business has been closed since March, or maybe you’ve been allowed to reopen at a limited capacity. Whatever the circumstances, it’s essential to prepare for the future—a future where your business is up and running, whether it’s at full capacity or not. For you to be adequately prepared, not only...

Pledges $1 Billion Investment and Additional 1,000 Jobs Today, New Mexico Governor Michelle Lujan Grisham and Albuquerque Mayor Tim Keller together with Netflix Co-CEO Ted Sarandos announced that Netflix, the world’s leading internet entertainment service, plans to boost its presence in the state by expanding ABQ Studios and committing to an additional $1 billion in production spend. The expansion will add 300 acres to the company’s existing space at ABQ Studios, located in Albuquerque’s Mesa Del Sol...

Today, the Bureau of Economic Analysis (BEA) released data on the size and scope of the outdoor recreation industry in the U.S. and in New Mexico. In New Mexico, the updated data show that the outdoor economy contributed $2.4 billion to the state's GDP in 2019 (2.2% of GDP). According to the report, 35,065 people were employed in this sector, with $1.2 billion in total income. At the national level, the data shows that the outdoor recreation...