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Sandoval Economic Alliance reports business retention gains; urges state site‑readiness funding

2170027 · January 29, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Sandoval Economic Alliance told commissioners it has visited 30 local businesses year‑to‑date, half in rural areas, and emphasized programs to scale stage‑2 firms, site‑readiness work on government‑owned sites and coordination with county staff to ready parcels for development.

Fred Shepherd, president and CEO of the Sandoval Economic Alliance (SEA), updated the commission on the organization’s business retention and expansion work and on site‑readiness assessments intended to improve the county’s competitiveness for new investment.

Shepherd said SEA’s outreach has favored local, existing firms: 30 business visits year‑to‑date, split evenly between rural locations and Rio Rancho. He said SEA’s work supports "stage‑2" companies (generally 10–99 employees) that are poised to scale, and that support includes training, connections to hiring and workforce programs, and…

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