“New Mexico has a long tradition of nurturing innovation and high-tech research,” EDD Cabinet Secretary Alicia J. The company is planning $60 million of capital investment into the site. All incentives are pending and contingent on approval by the Albuquerque City Council. BlueHalo will also apply for an Industrial Revenue Bond. The City of Albuquerque Economic Development Department has pledged $250,000 through its LEDA fund, and will also act as fiscal agent for the state’s funding.
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“This site represents BlueHalo’s long-term commitment to New Mexico and will not only enhance the company’s ability to support current and future programs at Kirtland Air Force Base, but will also serve as one of the major hubs across the BlueHalo Labs national infrastructure designed to fuel future innovations to solve some of the most complex technology problems and transition those to full production, getting real capability into the hands of those who need it most.”Īs an incentive, the New Mexico Economic Development Department has awarded BlueHalo $2.25 million from its LEDA job-creation fund.
“We are excited about the selection of the MaxQ site for our new franchise technology campus in Albuquerque,” BlueHalo CEO, Jonathan Moneymaker, said. BlueHalo will manufacture several critical products at the new facility in support of space, directed energy, and air and missile defense for the government and commercial customers. The new space includes an office complex, laboratories, manufacturing facilities, test areas, and secure spaces. Its decision to expand in New Mexico over other locations preserves the existing 260 New Mexico jobs. The development at the Max Q location, located at Gibson and Carlisle Blvd SE, will bring hundreds of BlueHalo’s Albuquerque-based employees into a consolidated ecosystem. The project is expected to create 64 jobs.
Where to Invest in the Booming Aerospace Manufacturing IndustryīlueHalo, an integrated national security and technology company, will locate its new state-of-the-art, 200,000-square-foot campus at the MaxQ site in Albuquerque, New Mexico.Designing the Aircraft Manufacturing Facility.Controlling Conditions in Aerospace Manufacturing Facilities.A Guide to Aerospace Investment Decisions.2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts.
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