Albuquerque Business News - Local Albuquerque News | Albuquerque Business First


    Albuquerque startups summoned to Epicenter for the big pitch
    The graduates of the second ABQid class packed the Epicenter@Innovate ABQ Friday to make their final pitches to a room investors. Demo Day featured ABQid companies which have gone through a 12-week class at the Verge Building in Downtown Albuquerque. ABQid, the city?s first business accelerator, teaches companies to quickly launch and start firms. The companies that are accepted are given a $20,000 stipend in exchange for a 6 percent stake in their business. ?Startup companies truly have great?


    Worried about impending ACA changes? Emerging group has answers for businesses
    Contrary to its name, the "Cadillac Tax" is not related to the well-known luxury car, but rather an excise tax on employers that's tied into the Affordable Care Act ? one of several changes that will affect employers and business owners in New Mexico and nationwide starting next year. Next week, members of the New Mexico business community will have to opportunity to learn about the 2016 ACA changes, as well as discuss the challenges facing employers, including employer reporting requirements,?


    National Hispanic Cultural Center invaded by ready-to-party Albuquerque residents
    After a successful inaugural event last year that drew 800 people to the Albuquerque International Balloon Museum lawn, the sophomore effort of Dīner en Blanc lived up to the hype. About 1,200 partygoers dressed in elegant white, flooded Plaza Mayor at the National Hispanic Cultural Center. The NHCC was one of Business First's guesses for where the event might land this year. As is tradition with the international event, the location was a surprise to attendees until buses pulled up in front of?


    Inside Scoop: What's big in this week's issue (Video)
    Albuquerque Business First strives to find the best ways to reach you, our audience, and to provide the most important and relevant business information. Our weekly update video details the stories, events and trends that you will find in our publication, released every Friday. The accompanying video will give you a sense of the information and news you can expect ? this week from Assistant Editor Mike English. Some of the topics this week include an in-depth look at the wealthiest zip codes?


    Blue Cross Blue Shield decision creates ripple effects for health exchange
    While Blue Cross and Blue Shield of New Mexico's recent decision to not offer individual products on the exchange next year impacts the insurer and 35,000 members, the decision also forced the New Mexico Health Insurance Exchange to look at its operations and consider the effect on other insurers. "We did have to assess what it could mean for our operations and were able to quickly do that. However, we also heard feedback and had to have conversations with the other carriers to be sure they would?


    Downtown project named tops in renovation for 2015 ? five others nab kudos
    Dekker/Perich/Sabatini's remodel of the Albuquerque Convention Center is the best renovation project in the Southwest for 2015, according to construction industry publication ENR Southwest. The Convention Center work was a $25 million project that was executed by general contractor Bradbury Stamm. The multiple phase project included opening the building to Civic Plaza with a grand new entry on 3rd Street, and extensive refinishing of the interior. D/P/S and five other New Mexico companies were?


    Former big city California planner gives Albuquerque advice on engaging the public
    The former city planning director for Los Angeles and San Diego had advice for those in the commercial real estate industry in Albuquerque this week. Gail Goldberg spoke at an August 27 luncheon event hosted by the Urban Land Institute New Mexico chapter. She told a room full of planners, lenders and developers at Downtown's Hotel Andaluz that the industry needs to do a better job of engaging the public. Goldberg, who is now the executive director of the ULI in Los Angeles, talked about several?


    Albuquerque inventor ready to assist up-and-coming innovators at 'Mini Maker Faire'
    When Arnold Klein moved to Albuquerque's Sandia Park neighborhood 30 years ago, one of the first things he did was set up a hummingbird feeder. ?The first thing that happened was it filled with ants,? he said. Klein, a mechanical engineer who worked for Ethicon, said that he was inspired to find a solution to the ant problem and worked to develop one. ?We made a hummingbird feeder that has three patents on it, and the patents were licensed to two companies. We sold that business to a company?


    5 things you need to know today, and we're getting jaded about this movie-star-in-ABQ thing
    Whew. In a week when the stock market crashed, then recovered, we feel like we need a weekend to recover too. Thankfully it's Friday. Here are today's 5 things to send you on your way. GE won't bring good things to life in Rio Rancho Some might say it was a longshot to begin with, but kudos to Jami Grindatto and the Sandoval Economic Alliance for trying to land the headquarters of General Electric for Rio Rancho. Sandoval officials announced yesterday that their proposal did not win, but you don't?


    PNM asks for 15.8 percent residential rate hike
    Public Service Company of New Mexico submitted a request for a 15.8 percent rate increase for residential customers to the state Public Regulation Commission on Thursday, according to a report in the Albuquerque Journal. That's higher than its request to the PRC last December for an increase of 12 percent, but the company said other reductions would lower the overall cost to customers to a 7.9 percent rate hike. PNM's basic customer rates have stayed the same since 2011, and the company says it?