Albuquerque Business News - Local Albuquerque News | Albuquerque Business First


    Legislative committee approves $73.4 million job-creation package
    A legislative committee charged with developing a strategy to create a massive amount of new, money-importing jobs in New Mexico has approved a $73.4 million wish list to get the process started. The list includes boosting the state?s closing, or LEDA fund, to $50 million from the current $15 million, as well as $14 million for job training and $4.5 million to help smaller communities boost their economic development efforts by helping them hire staff. The Interim Legislative Jobs Council Committee?


    Crowdfunding rallies around displaced caretaker of future Innovate ABQ site
    For several years, Sonny Hodge has been keeping an eye on the First Baptist Church building Downtown. He?s been providing security, and he?s been staying at the church. But now that the University of New Mexico owns the building, which it plans to convert to business accelerator Innovate ABQ, Hodge has been forced to move out. He?s staying with the manager of Noon Day Ministries, Danny Whatley. ?We felt terrible,? said Lisa Kuuttila, the CEO of STC.UNM, which is UNM?s technology-transfer?


    ?Captain Fantastic? will film in ABQ, Las Cruces
    New Mexico Film Office Director Nick Maniatis today said ?Captain Fantastic? will be filming in Albuquerque, Las Cruces and Mesilla next month. The production will involve at least 75 New Mexico crew members, one New Mexico actor and approximately 220 local background talent, according to Maniatis. ?It?s wonderful to have a film like ?Captain Fantastic? choose Las Cruces as a film location,? Las Cruces Mayor Ken Miyagishima said in a statement. ?Film production is a great way to?


    City signs Rail Yards agreement
    Chief Administrative Officer Rob Perry signed an agreement with Samitaur Constructs today to begin developing the 27-acre Rail Yards site. The agreement, known as a Master Development Disposition Agreement, lays out the relationship between the city and the developer and defines what is expected of the developer at the site. The MDDA was already approved by the City Council on June 16, along with the overall master development plan. City Planning Director Suzanne Lubar said once the MDDA has been?


    Workers losing out to inflation
    American workers lost ground in the second quarter as their wages and salaries were stagnant and inflation increased compared to the same period in the previous year, the U.S. Bureau of Labor Statistics reported Thursday. The median weekly wage for the nation?s 106.6 million full-time wage and salary workers was $780 in the second quarter, unchanged from the same period in 2013. But inflation jumped by 2.1 percent. Women made less than men. Their median weekly wage was $716, or 83.5 percent of?


    Energy secretary will come to Carlsbad
    U.S. Department of Energy Secretary Ernest Moniz will visit Carlsbad on Aug. 12 to discuss recovery efforts at the Waste Isolation Pilot Plant. The visit is in response to an invitation from Sens. Tom Udall (D-NM), Martin Heinrich (D-NM) and Rep. Steve Pearce (R-2). The legislators said they had asked Moniz to come to the area for an update on cleanup efforts at the site, and to hear how much money the effort will take. The plant has been closed since Feb. 5 when there was an underground truck?


    ABQ RIDE lifts curtain on moving pictures
    Commuters are used to seeing advertisements on Albuquerque buses, but residents of the International District will soon have something else to look at: themselves. On July 25, ABQ RIDE in partnership with the nonprofit Littleglobe will unveil their Art in Transit project. Portraits of International District residents will be displayed on 15 bus shelters around town, as well as inside all ABQ RIDE buses. Three buses also will feature the portraits on the outside in place of advertising. ?Our department?


    Obama to take aim at corporate tax avoidance (Video)
    Obama to take aim at corporate tax avoidance (Video)


    Why LinkedIn could be the next online dating site
    Could LinkedIn be the place to find true love? At least one blogger at Inc. seems to think so. Citing LinkedIn's 300 million-user network, the important information contained in individual profiles and the ability through LinkedUp to filter by age, industry and location, the Inc. piece suggests that trust plays a role: "Having even a remote connection between two users increases credibility and helps users feel safe meeting one another in the real world." Then again, there's always the water cooler.


    Applications for jobless benefits decline
    The U.S. Labor Department today said there were 284,000 initial claims for unemployment insurance benefits during the week ending July 19, a drop 19,000 from the previous week. That was the lowest level for initial claims since Feb. 18, 2006 when the number was 283,000. The department?s four-week moving average, considered a more accurate picture of employment, was 302,000, a decrease of 7,250 from the previous week?s average. This is the lowest level for this average since May 19, 2007 when?