Albuquerque Business News - Local Albuquerque News | Albuquerque Business First
A look back at the biggest eco devo stories of 2014
Some will look at 2014 as the year when New Mexico's economic developers lost Tesla Motors' big project for the second time. Others might look at it as the first time since the recession that significant collaboration between departments, a push for jobs and several announcements happened that could put more New Mexicans to work. Sure, not everything went smoothly. Most here wanted to land the Tesla Gigafactory, and GreenSky Credit pulled out of opening a call center here that would have hired 500?
Santa Fe theater offers to screen 'The Interview'
There's at least one movie-house business in the U.S willing to screen "The Interview," the controversial new comedy about a fictional plot to kill North Korean leader Kim Jong-un ? Santa Fe's Jean Cocteau Cinema. "Game of Thrones" author George R.R. Martin, who lives in Santa Fe and owns the standalone theater, took to his blog Wednesday night to rail against major U.S. movie theater chains, which he said have shown "a stunning display of corporate cowardice" by refusing the screen the James?
Behind the numbers: the Rail Yards Market's 2014 season
Though the city of Albuquerque and the Rail Yards farmers market are locked in a dispute about what the future of the market will be, co-organizer Chad Gruber said the 2014 season was a success. "What I'm most proud of is our volunteer time: we logged 16,000 hours of volunteer time," Gruber said. "Over the season, we had $400,000 in revenue earned by the vendors. That's money that stayed in this community." $400,000: Revenue earned by artisans and farmers during the 2014 season $110,000: Revenue?
Rail Yards farmers market stares down the barrel of Friday deadline
The Rail Yards Market and the city of Albuquerque are both trying to come together to meet a Friday deadline that, if not met, could mean the end of the popular farmers market in Barelas. City deputy chief administrative officer Gilbert Montano said on Thursday that the city is trying to make the newly remodeled Yards in the old roundhouse available for more community events. But to make that happen, he said, the city is trying to reduce the days the market can operate, from every Sunday to two?
How we got here: 12 stories that spotlighted Hobbs' massive growth
The small city of Hobbs has been making big news in New Mexico, thanks to a booming oil and gas industry. The city is now the second-largest economy in the state from a gross receipts tax perspective, and all that growth has meant more businesses and more jobs. Here's a look back at some of Hobbs' recent economic milestones. Sept. 3, 2013: Hobbs, a town of 34,122 received $6.9 million in gross receipts tax revenue from the state in August, the third-highest total in the state and about $900,000?
Albuquerque's ClosedWon launches massive IT portal
Albuquerque-based IT company ClosedWon announced today it has launched a new IT portal for a global company. ClosedWon declined to name the company it designed the portal for, but said the portal will serve over 200,000 employees at the company. The company said it built the new platform from inception to completion in five months. It was rolled out to a small test group in September, and is now live across the entire company. Katherine Cox, ClosedWon's communications director, said the IT portal?
Caza Oil & Gas announces initial production from two NM wells
Caza Oil & Gas announced that two of its wells, both in Lea County, have begun initial production. The first well, known as the "Marathon Road 15 OB Fed #1H horizontal Bone Spring development well," is producing 1,928 barrels of oil equivalent at a 24 hour gross rate, according to Caza. The second well, known as the "Igloo 19 State #2H well," is producing at a 24 hour gross rate of 1,356 barrels of oil equivalent. The wells are producing both oil and natural gas. The company also announced repairs?
Southwest Airlines adds new direct flight in ABQ
Southwest Airlines announced it is expanding its service in several major U.S. cities, including Albuquerque. The new routes will go into operation next summer, starting June 7, 2015. Among the 25 new routes is a nonstop route between Albuquerque and Orlando, Fla., leaving Albuquerque once daily. The routes are part of Southwest's summer schedule and will be in operation until Aug. 7, 2015. Several other cities in the region, notably Houston, Austin and Denver, will be getting new routes as well.?
Viewpoint: Paul DiPaola weighs in on NM's growing right-to-work debate
My family has lived in New Mexico since the late 1960s. Today there is a lot of discussion as to right-to-work for New Mexico. It has been said that problems cannot be solved at the same level of thinking as when issues are created. If we want to change what has been going on or has not worked in the past, we must not keep doing things the same way. For New Mexico, it is about jobs. I want to live and work among my kids and grandkids, but they need opportunities to find good work in New Mexico.?
Downtown Casita de Colores housing project wins design honor
Casitas de Colores, a mixed-income housing community built in Downtown Albuquerque by general contractor Bradbury Stamm and designed by Dekker/Perich/Sabatini, received an Honor Award for design excellence by AIA Albuquerque. Romero Rose, LLC and YES Housing, Inc. were the the co-developers of Casitas de Colores. "We are honored to receive this AIA award for Casitas de Colores," said Ron Witherspoon, principal at Dekker/Perich/Sabatini. "The entire team shared a vision for creating a safe, convenient?