Albuquerque Business News - Local Albuquerque News | Albuquerque Business First
County left off of Innovate ABQ board ? for now
Bernalillo County will likely get a seat on the Innovate ABQ board of directors, just not in the immediate future. "I can tell you some people at Bernalillo County were a little surprised we weren't included," said county spokesman Andy Lenderman. The county pledged $1 million to help build a business incubator at the Downtown site. On Friday, UNM spokeswoman Dianne Anderson said the school's regents chose the slate of directors, announced Wednesday, for the new Downtown Innovate ABQ business center?
Virgin Galactic SpaceShipTwo crashes in Mojave Desert (Video)
One person is dead and one is injured after the Virgin Galactic SpaceShipTwo crashed in the Mojave Desert, according to an NBC News report on Friday. Virgin Galactic is the anchor tenant at Spaceport America in Southern New Mexico, a facility that was built almost exclusively for Virgin. The company was widely expected to launch tourists into space soon from New Mexico. However, following the accident on Friday, Virgin Galactic posted the following on its website: "Virgin Galactic's partner Scaled?
PNM looks to state's eco devo efforts to boost business
PNM leaders on Friday morning praised the state's improved economic development climate and a new settlement on coal-plant emissions for improving its bottom line. The company reported third-quarter net earnings on Friday of $55.7 million, up $1.1 million year-over-year. The company also posted GAAP diluted earnings per share of $0.69, up $0.01 year-over-year and beating analysts estimates. "I promise no tricks, only treats," company Chairman and CEO Pat Vincent-Collawn said to open the morning's?
See which employers have hundreds of job openings in New Mexico
Who has the most jobs to fill in New Mexico? One indication is which large employers are running the most help-wanted ads on the New Mexico Department of Workforce Solutions website. See our accompanying slideshow to see which 10 employers have the most job openings right now. The New Mexico Department of Workforce Solutions lists the employers that have the most online help-wanted ads for positions within New Mexico. Its data comes from its website, which trawls the web for job openings and automatically?
Check out our most-read stories for the month of October
In the Chinese calendar, 2014 is the year of the horse, but on our calendars October was the month of the slideshow. More than half of our top stories for the month were presented in slideshow format, from our Top CEOs honorees to the top salaries at UNM. So what better way to highlight them than with ? what else? ? another slideshow. Click through to the gallery to see our top ten stories of the month, and remember to keep sharing your favorite stories! Want Albuquerque news in your inbox??
Nob Hill?s Pulse Encore nightclub plans fizzle
The grand re-opening never happened. The Pulse nightclub, which was open for 13 years but has now been closed for five, was poised for a rebirth as Pulse Encore? an idea by Old Town entrepreneurs David and Andres Rosales. The Pulse was one of the city's most popular all-inclusive gay and lesbian clubs. After it closed it in 2009, it operated for a short time as Copa Cabana nightclub. The Rosales' couldn't get the East Nob Hill spot back off the ground ? David Rosales said bureaucratic red tape?
Beer Madness: Foamy Four voting is open
Voting has opened for round four of Beer Madness, and we're down to our Foamy Four. From our original 32 contestants, we're down to just four beers, and three of them come from La Cumbre. The brewery's Elevated IPA is facing off against Marble's Red Ale, and La Cumbre is also challenging itself, as its Malpais Stout is going head-to-head with its A Slice of Hefen. Voting opened at 6 a.m. this morning and you can cast your votes by clicking here. But make sure to read the rules before you vote,?
ULI-New Mexico lands urban-innovation grant money
The Albuquerque-based New Mexico chapter of the Urban Land Institute, which is an influential 32,000-member organization, has just received some very competitive grant money from ULI's Urban Innovation Grant program. Banu B. McKinley, ULI-NM's district coordinator, told Business First the chapter secured one of 16 grants and will receive up to $25,000 to devise a plan to strengthen New Mexico's agricultural sector and local food movement. The local food movement in Albuquerque and across the state?
Behind the Cover Story: Dan Mayfield talks exits (Video)
Here at Albuquerque Business First, we always like to make an entrance. But, as reporter Dan Mayfield reminded readers this week, exits are important too. In his cover story, Mayfield wrote about the biggest exits this year, from Google's purchase of Titan Aerospace to Oncothyreon Inc.'s acquisition of Alpine Biosciences. Digital Producer Andy Beale sat down with Mayfield to discuss the exits and why they're actually a good thing for the economy. Check out the video to get Mayfield's take on the?
In this week?s issue: Finally, companies here are getting noticed (and four other things you don?t want to miss)
It's been a huge year for M&A activity here in New Mexico: the sales of all or part of New Mexico Gas Co., Oso Biopharmaceuticals, EMCORE and many other local companies have created over $1.5 billion in deal flow. Finding out a company is for sale, however, can generate anxiety about layoffs and bonus checks. But as reporter Dan Mayfield writes this week, more M&A activity in New Mexico is also generating something entirely different: more money for more companies and more jobs. Check out the story?