Albuquerque Business News - Local Albuquerque News | Albuquerque Business First


    Medicaid rolls here 'off the charts,' says Sidonie Squier
    New Mexico?s Medicaid rolls continue to expand and are ?off the charts,? New Mexico Human Services Department Secretary Sidonie Squier said Friday. There are now 731,000 state residents on Medicaid, with 164,000 joining the program since the first of the year, Squier said during a board meeting for the New Mexico Health Insurance Exchange. Squier is a member of the exchange?s board of directors. Medicaid enrollment in the state could soon hit 750,000 ? a third of the state?s 2.1 million?


    NMHIX board chair 'not happy' about results of marketing efforts
    The New Mexico Health Insurance Exchange?s decision to rebid its two-month-old advertising and marketing contract is the result of dissatisfaction with the job the Milwaukee-based BVK firm has done, the exchange?s board chairman said Friday. ?We are not happy, and we feel that our goals have not been met,? NMHIX Chair Dr. J.R. Damron told Albuquerque Business First. That dissatisfaction is the result of research done earlier this year for the board by Research & Polling, Inc. The firm?


    GAITS PPC changes name after merger with Virginia company
    GAITS PPC in Albuquerque will now become just PPC. Last year, GAITS, of Albuquerque, and PPC of Virginia merged. With new president Paul Strasser on the ground and a renewed commitment to growth in Albuquerque, the companies are now also merging their names. Strasser is visiting Albuquerque to launch the new name and as a sponsor of the National Hispanic Cultural Center's Maravilla gala event this weekend. "We're going to be PPC going forward, and we're supporting Maravilla as PPC, not GAITS,"?


    The pitch: see why Joshua Garcia wants $60K for his idea (Video)
    Entrepreneurs had the pitches flying early last week at the annual Pitch Fiesta, including Joshua Garcia, who pitched his equity-based crowdfunding platform called Raised on Tuesday. Hear Garcia?s pitch in the accompanying video. The Pitch Fiesta is an integral part of the Tech Fiesta ABQ week. Ten companies pitched their ideas on Tuesday night to a crowd of about 50 for fun and prizes. Paul Szauter of ElectroSeq won first place for his pitch for ElectroSeq, which is a genome-sequencing project.?


    Titan Development launching $45 million in NE Heights projects
    Albuquerque's Northeast Heights will soon see $45 million worth of new multifamily development rising near San Antonio and San Pedro drives. Up first is the $25 million Broadstone Promenade, a collaboration between Albuquerque's Titan Development and Phoenix's Alliance Residential. Promenade comes on the heels of the adjacent 280-unit Broadstone Santa Monica, which was completed this year and is already 96 percent occupied, said Kurt Browning, Titan's chief development officer. The just-launched?


    The pitch: see how Paul Droege plans to build Plug.Solar (Video)
    Entrepreneurs had the pitches flying early last week at the annual Pitch Fiesta, including Paul Droege of Plug.Solar. Hear Droege's pitch in the accompanying video. The Pitch Fiesta is an integral part of the Tech Fiesta ABQ week. Ten companies pitched their ideas on Tuesday night to a crowd of about 50 for fun and prizes. Paul Szauter of ElectroSeq won first place for his pitch for ElectroSeq, which is a genome-sequencing project. He won $250. Second place went to Bob Clauss of Casitas Homes?


    Behind the list: Despite economy, Albuquerque keeps on giving
    This week, Albuquerque Business First published lists of the largest United Way allocations and the largest grant-making organizations in the state. We spoke to four foundation executives who say that although the demand for charitable endeavors remains constant, foundations and nonprofits are getting creative with campaigns and programs to drive more corporate donations after the recession. Here's what they had to say about the state of giving in Albuquerque: With the economy in recovery, what?s?


    'Posh Nightclub' coming to Downtown Albuquerque
    The space that was formerly Downtown Albuquerque?s Sauce Liquid Lounge and Raw is coming back to life. Posh Nightclub is set to open in the coming weeks in the spaces located at 401 and 405 Central Ave. SW. The site is one of the most high profile in Downtown at the northwest corner of 4th Street and Central. The buildings most recently housed the Club 405 Lounge and then Dublin?s Street Pub. A live music and dance club, Blackwater Music, was the tenant at 109 4th Street, also part of the total?


    NMHIX considers dumping out-of-state marketing firm
    The New Mexico Health Insurance Exchange said Friday that it is looking to potentially dump the Milwaukee firm that is doing its marketing and advertising work. The move to possibly replace BVK comes about two months after the exchange board awarded the Milwaukee firm a $6.2 million contract. NMHIX executive director Amy Dowd told exchange board members Friday that the organization is looking for an advertising, marketing and public relations team that understands New Mexico and it Native American?


    Take a look at this year's United Way allocations
    Recently, the United Way of Central New Mexico announced a record-breaking year of more than $29 million in corporate and individual donations for 2013. This week, The List takes a look at how that money is being used to support programs in the community. Take, for instance, the B4-3 Network, a collaboration between Abrazo Homes, Alta Mira Specialized Family Services Inc., La Vida Felicidad, LifeRoots Inc. and Native American Professional Parent Resources that provides early intervention services?