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thyssenkrupp Materials NA Expands Operations with New Facility in Santa Teresa, NM
thyssenkrupp Materials NA, a trusted leader in materials distribution and manufacturing solutions, is making a significant investment in its future with the expansion of operations in Santa Teresa, New Mexico. This move not only strengthens the company’s ability to serve power distribution customers across North America and Mexico but also enhances supply chain efficiency. Strengthening the Supply Chain and Creating Jobs Supported by the New Mexico Economic Development Department (EDD), this...
119 New Mexico workers stand to benefit from state job training funds
The New Mexico Economic Development Department (EDD) has announced its latest round of Job Training Incentive Program (JTIP) funding, approving $1.6 million to assist nine companies in training up to 119 employees and supporting workforce development across the state. Among the recipients, Franklin Mountain Packaging in Santa Teresa stands out, securing $701,117 to train 63 workers at an average wage of $20 per hour. Investing in Workforce Development The JTIP program plays a crucial role in...
German steel giant plans multimillion-dollar expansion in the Borderplex
The New Mexico Borderplex continues to emerge as a powerhouse for economic development and manufacturing, with German steel conglomerate thyssenkrupp Materials NA making a significant investment in the region. The company recently announced its expansion into Santa Teresa, bringing with it a multimillion-dollar investment and the promise of creating between 50 to 100 new jobs. Strategic Expansion to Santa Teresa James Patsakos, President of Manufacturing Services at thyssenkrupp Materials NA,...
New job training funds can assist up to 36 New Mexico Borderplex workers
The New Mexico Economic Development Department (EDD) is kicking off 2025 with a significant investment in workforce development. In January and February alone, approximately $5.4 million in job training awards were approved through EDD’s flagship Job Training Incentive Program (JTIP). These funds will support up to 170 new trainees and interns, as well as 51 current employees, bolstering job growth and economic expansion in the New Mexico Borderplex region. Investing in Local Talent “JTIP...
Border Boom: The $2 Billion Transformation of Santa Teresa in New Mexico’s Borderplex
Santa Teresa, New Mexico, is on the brink of a major transformation, thanks to an ambitious $2 billion mixed-use development spearheaded by Dallas-based developers Terry and Devon McLachlan. Their vision for the region includes a sprawling 4,700-unit residential community, Alta Mesa Estates, alongside a 272-acre industrial park, Alta Mesa Logistics Park. This development is poised to capitalize on Santa Teresa’s strategic location at the heart of North American trade corridors, reinforcing its...
Electric bus maker eyes New Mexico Borderplex facility following state agreement
New Mexico is on the brink of a transportation revolution. A landmark agreement between the State of New Mexico and GreenPower Motor Company is set to pave the way for sustainable, zero-emission school transportation. This initiative not only underscores the state’s commitment to green energy but also signals a strategic realignment of the electric vehicle (EV) supply chain in the United States. With plans to establish a facility in Santa Teresa, this move is poised to bring economic growth,...
Governor Lujan Grisham Announces $5 Billion New Mexico Borderplex Digital Infrastructure Campus in Santa Teresa
Groundbreaking Partnership to Create 1,000 High-Quality Jobs and Strengthen Global Trade in Southern New Mexico Governor Michelle Lujan Grisham has announced a transformative partnership with BorderPlex Digital Assets, LLC, establishing New Mexico as a leader in digital infrastructure and advanced manufacturing. The collaboration will bring an estimated $5 billion in construction investment and create 1,000 new jobs in Santa Teresa, further solidifying the region as a hub for global trade and...
New Mexico Borderplex and Tradeport Strengthens Economic Competitiveness with Site Readiness Legislation
Governor Michelle Lujan Grisham and New Mexico lawmakers are taking bold steps to enhance the state's ability to attract large-scale industrial and commercial investments. Two new bills, the Strategic Economic Development Site Readiness Act (SB 169) and the Utility Pre-Deployment Act (SB 170), aim to streamline economic development and infrastructure readiness across the state. The bills, introduced by Senator Michael Padilla and supported by Representatives Meredith A. Dixon, Joshua N....
NMSU’s Hunt Center Teams Up with Startup Chihuahua and Juárez for Fundraising Sprint in the NMBorderplex
The Hunt Center for Entrepreneurship at New Mexico State University’s Arrowhead Center is collaborating with Startup Chihuahua and Startup Juárez to introduce the Borderplex Fundraising Sprint. This innovative program is tailored to support startups in the Borderplex and Chihuahua City regions. Building a Thriving Entrepreneurial Ecosystem The Hunt Center for Entrepreneurship is dedicated to strengthening the region’s entrepreneurial landscape by: Empowering diverse communities to pursue...
New Mexico Borderplex: Driving Growth through Energy and Trade
New Mexico, the nation’s second-largest oil and gas producer after Texas, combines cutting-edge federal research with robust trade activity at its bustling ports of entry. These elements position the state as a potential economic powerhouse. However, challenges like slow population growth, low household income, and limited educational attainment have historically hampered its progress. In 2023, New Mexico made significant strides, propelled by a thriving energy sector and increasing trade with...
