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Proposal for Midtown innovation hub touts jobs, partnerships and a mixed-use campus

Santa Fe Finance Committee · April 28, 2026
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Summary

The New Mexico Innovation Hub presented plans to build lab and office space, training programs and about 80 housing units (15% affordable) in Midtown Santa Fe, stressing partnerships with colleges and national labs and urging quick action to capture state economic development funds.

David Perez, representing the New Mexico Innovation Hub, told the Santa Fe Finance Committee that the hub grew from a three-year process identifying the city’s three biggest needs to boost startup growth: access to capital, workforce development and modern facilities. “The state investment council has dedicated about $1,600,000,000 to venture capital firms who invest in the state,” Perez said, and the hub aims to attract some of that capital to Santa Fe.

Perez said the hub has signed partner agreements with Santa Fe Community College, New Mexico State University’s Arrowhead Center, New Mexico Tech, UNM-affiliated programs and Los Alamos National Laboratory. He described Midtown…

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