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Intel Still Shedding Workers in New Mexico

The number of full-time workers directly employed by Intel Corp. near Rio Rancho fell by 37 percent in 2016 – from 1,900 salaried workers in 2015 to 1,200 as of December – according to the company’s latest annual report to the Sandoval County Commission, released Monday. “Our head count is down from what we reported […]

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Automated Cars Discussed at NAIOP

Automated vehicles are the future of American transportation and are expected to be completely driverless within the next 20 years, according to an architect and road planner. Dale Dekker, founder and architect at design firm Dekker/Perich/Sabatini, and Nathan Masek, senior transportation planner with the Mid-Region Council of Governments, presented information about autonomous cars during last […]

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Stakes are Too High to Rush County Oil/Gas Ordinance

In response to the SandRidge Energy request to allow oil and gas drilling on two acres in Rio Rancho Estates last year, Sandoval County and Rio Rancho are working to enact oil and gas ordinances. The county has published a “bare bones” draft ordinance. It has had two public meetings and received many comments from […]

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New Mexico Ranks High in Clean Technology Report

In a new report measuring states’ clean technology, New Mexico ranked high, just missing the top 10. In Clean Edge’s new U.S Clean Tech Leadership Index, which ranked states on how much clean electricity they generate, New Mexico ranked 13th. When it comes to utility-scale solar electricity generation, New Mexico was eight in the nation. […]

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Stewart Title Economist on New Mexico: “This is a Strong Sustainable Recovery”

Ted Jones, chief economist with Stewart Title, says he’s not a feel-good economist. Jones travels around the country giving presentations on the national economy. He’s known for his southern accent, his sense of humor and peppering his speeches on the economy with phrases like, “let’s tell it like it is.” Jones was in Rio Rancho […]

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Most New Albuquerque Area Retail Activity is Taking Place in Power Centers

Last year was a banner year for large retail power centers that host big box stores filled with national tenants. Consider what was built last year and is still under construction. Winrock Town Center, with tenants including T.J. Maxx and Nordstrom Rack on the way. The South Valley’s massive Las Estancias’ development, which recently opened […]

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Albuquerque Waterpark Plans Progress as Investors Look to the North for a Site

It’s been about eight months since a Facebook page announcing a new waterpark in Albuquerque was created and caused a a bit of a frenzy. It’s clear that many Albuquerque residents and visitors want more entertainment options. It was learned soon after that Rocky Mountain Fun Factory, the company behind the waterpark idea, was on […]

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Real Estate Execs Explain Why New Mexico Should Pursue ‘Enterprise Zones’

A state lawmaker last week introduced legislation that would change the state constitution to allow counties to limit property taxes within so-called “enterprise zones.” New Mexico currently doesn’t allow enterprise zones, a designation used in many states to provide incentives for new developments in blighted and urban areas. Local developers and real estate executives say […]

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Sprint to Cut Nearly 400 Jobs in New Mexico

Sprint will close its Rio Rancho customer care center next month, a move that will result in the loss of nearly 400 jobs. Sprint announced Friday that it would close the center on Feb. 5, saying the company is “significantly taking costs out of the business” as part of a “multiyear turnaround strategy,” eliminating up […]

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Oklahoma Company Proposes to Explore for Oil Near Rio Rancho

One of the nation’s largest oil producers has set its eyes on Sandoval County, with an application for exploratory drilling scheduled to be heard by county officials next month. The application by Oklahoma City-based SandRidge Energy to drill an exploratory well will presented to the county Planning and Zoning Board on Dec. 10, Sandoval County […]

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