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Council approves $750,000 city match and $5M state award for Mesa del Sol business accelerator
Summary
Council approved an incentive package for the New Mexico Nexus (Mexis) business accelerator at Mesa del Sol: the state would provide $5 million and the city $750,000 to support a center that staff projects will create 1,150+ jobs over 10 years; the ordinance passed unanimously after a substituted floor amendment requiring local hiring provisions.
The City Council voted to approve O‑106, a Local Economic Development Act (LITA) project to establish the Mexis/Nexus business accelerator at Mesa del Sol.
Director Max Gruner and staff described the proposal: the state Local Economic Development Act award of $5,000,000 would be fiscally handled through the city and the city would provide $750,000 in local LITA funds for lease reimbursement and project support. Staff analysis projected the…
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