Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Council backs Vitality Works expansion; city to serve as fiscal agent for state LITA funds
Summary
The council approved a Local Economic Development Act project to help Vitality Works expand its West Side manufacturing operation; the city will act as fiscal agent for $500,000 in state LITA funding and contribute $100,000 locally under LEDA, staff said the expansion will add 18 jobs.
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
The Albuquerque City Council on April 21 voted to advance a Local Economic Development Act (LITA) project supporting Vitality Works Inc., a nutraceutical manufacturer expanding on the West Side.
Economic development staff described the package: the state will provide $500,000 in LITA funds, with the city proposing to serve as fiscal agent for those state dollars and to contribute $100,000 from local LEDA resources. The company plans a roughly $5 million capital expansion that will add about 35,000 square feet of production and warehouse area, staff said.
Max Gruner, director of Economic Development, described Vitality Works as a long‑standing Albuquerque employer with more than 300 full‑time workers; company representative John Priest said the expansion will create 18 new full‑time production jobs with benefits and an average annual wage above $46,000. Staff analysis, including a fiscal impact review provided by the State of New Mexico, estimated about $1.75 million in net benefits to the city over a 10‑year period.
Councilor Sanchez moved a due‑pass motion (to pass the ordinance). The council unanimously approved the motion; staff said the Development Commission had previously recommended the project unanimously.
Councilors and staff encouraged a site visit and emphasized the West Side job impacts. The council vote authorizes execution of a project participation agreement and related documents.
