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Sandoval County renews contract with Sandoval Economic Alliance after FY2025 report
Summary
Commissioners heard Sandoval Economic Alliance’s FY2025 annual report summarizing business retention and attraction work, then approved the FY2026 professional services agreement to continue county-funded economic development services; the presentation included visit counts, survey results and an estimated return on investment.
The Sandoval County Board of County Commissioners on Wednesday received Sandoval Economic Alliance’s (SEA) fiscal-year 2025 annual report and approved a renewal of the county’s professional services agreement to continue SEA’s economic-development work.Fred Shepherd, president and CEO of the Sandoval Economic Alliance, presented the FY2025 summary and described SEA’s role as a county-contracted, confidential resource for business attraction, retention and expansion. Shepherd told the commission SEA completed 42 business visits in the contract year—19 in rural parts of the county and 23 in Rio Rancho—and that SEA’s business retention work targets so-called stage 2 companies with roughly 10–99 employees.“If these companies do what they say they would like to do, it'd be a net gain of just of a 183 jobs within our community amongst those companies,” Shepherd said, citing…
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