Albuquerque Business News - Local Albuquerque News | Albuquerque Business First
NM apartment conference tackles needs of both urban and rural communities
The state's Apartment Conference and Trade Show is coming up and for the first time this year, both the Apartment Association of New Mexico and the Southwest Affordable Housing Group will host the event together. The two groups will provide training sessions to property owners, managers, developers and city leaders in urban and rural communities. The conference takes place Aug. 19 to 21 at Downtown Albuquerque's Hyatt Regency. Nearly 400 people have signed up for the event as of July 29, according?
Grindatto hopes Rio Rancho area will be on GE's short list in next few weeks
Within the next four to six weeks, Jami Grindatto expects to hear if Rio Rancho and Sandoval County are on General Electric's short list. Earlier this month Grindatto, the president and CEO of the Sandoval Economic Alliance, reached out to GE after its CEO blasted Connecticut?s governor for trying to raise millions by increasing business taxes there. SEA put together a proposal to convince GE that Rio Rancho should be its new home. Grindatto said the project would not just bring GE?s headquarters?
The List: These solar and renewable energy companies are shining in NM
The top-25 solar and renewable energy companies in the state employ more than 550 New Mexicans. This week?s list, ranked by number of New Mexico employees, focuses on those firms. The largest ? Array Technologies Inc. ? has 125 full-time employees in the state. Ron Corio is the firm's president. Click on the accompanying slideshow to see the others in the top five. For the full list, including top local executives, contact information and year founded, be sure to pick up the July 31 weekly?
Health insurer applies to enter the NM market in 2016
A new health insurer has applied to enter the New Mexico off-exchange market in 2016. Celtic Insurance Co., which is owned by Centene Corp. (NYSE: CNC), filed an application in April with the Office of Superintendent of Insurance to sell individual off-exchange PPO policies. According to data provided by the OSI, the plan is nongrandfathered under the Affordable Care Act requirements ? meaning it meets the ACA requirements ? and the requested rate would be effective as of January 1, 2016. Although?
The List: These buildings were LEED certified in 2014
Eleven of the top-25 buildings that were LEED certified in 2014 were government-owned. See the highest-rated LEED certified buildings on this week's List. Sandia National Laboratories' IGPP Building 704, with its 65 LEED points, was 2014's highest-rated building to receive certification last year. The building received a gold certification on June 23, 2014. Click on the accompanying slideshow to check out the other top-five LEED certified buildings in the state receiving certification in 2014.?
Fair Workweek Act could undermine economic development gains, ACI president says
The proposed Fair Workweek Act in Albuquerque could undermine the gains the state has made to help businesses, said Jason Espinoza, the new president of the New Mexico Association of Commerce and Industry. The proposed act could require businesses to abandon just-in-time scheduling and instead schedule all workers several weeks out, as well as mandate sick leave accruals for some part-time employees. It's already been opposed by several business groups worried about increased costs of doing business.?
Take a peek inside Jane Fonda's New Mexico ranch, on the market for $19.5M (Slideshow)
You won't find it on any of the typical real estate sites like Zillow, but that might be expected for such an exclusive listing as actress Jane Fonda's Forked Lightning Ranch in New Mexico. Situated on 2,300 acres east of Santa Fe, and encompassing three and a half miles of the pristine Pecos River, the property is on the market for $19.5 million. It is listed by Swan Land Co., based in Bozeman, Mont. Mike Swan is the listing broker. Click on the slideshow above for a peak at of Jane Fonda's Forked?
See which NM ad firm won big at Ad Age Small Agency Awards
Agencies in traditional advertising centers like New York, San Francisco or Chicago often take the big honors at ad conferences and competitions. This year, one Albuquerque firm broke that trend. McKee Wallwork + Co.(MW+C) took home two awards, one of only two agencies to do so, at this year's Ad Age Small Agency Awards in Boston. Judges reviewed more than 600 entries from small agencies across the country and the world, including agencies in Brazil, Mexico and Singapore. The Small Agency Awards?
How would a Puerto Rico default affect investments? A Thornburg manager's take
Another player in the numerous international financial crises playing out right now is expected to default tomorrow on bond payments that number in the millions ? and it's literally in the U.S. backyard. For the first time, Puerto Rico is expected to default on government debt obligations. Part of a whopping $72 billion in debt, the $58 million in bond payments are the latest financial troubles facing the U.S. territory. For investors and investment managers in New Mexico, the consequences are?
Millennials struggle with home ownership rates, but Gen X hit hardest
Yesterday we looked at home ownership rates in the U.S. and how the number of people nationally who owned homes in the second quarter of this year dropped to levels last seen in 1967. Today, we take a look at national home ownership rates among individual age groups. The U.S. Census Bureau released data this week that shows home ownership rates among all age groups are falling, though some in a more pronounced way than others. Millennials, or those under 35 years old for the Census Bureau data,?