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County approves $30 million IRB to expand 3D Glass Solutions’ manufacturing
Summary
Bernalillo County commissioners unanimously adopted an ordinance authorizing an industrial revenue bond (IRB) that will exempt equipment purchases from gross receipts and personal property taxes and support 3D Glass Solutions’ transition to high‑volume manufacturing.
Bernalillo County commissioners voted 5‑0 Tuesday to adopt Ordinance 2025‑512, authorizing an industrial revenue bond (IRB) for 3D Glass Solutions to support equipment purchases for a planned manufacturing expansion in District 4.
The vote authorizes an equipment‑only IRB with a par amount the county staff said is $30,000,000 and a 10‑year term; the company will pay a payment‑in‑lieu‑of‑taxes equal to 25% of the mill rate, which county staff estimated at about $46,732 annually to the county over the IRB term.
County economic development staff told the commission the company’s technology — described in the presentation as “Apex Glass” — was developed…
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