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New Census data highlights massive hit to Rio Rancho economy – Albuquerque Business First

Posted by on Jun 13, 2014 in Press, Print | 0 comments

New Census data highlights massive hit to Rio Rancho economy – Albuquerque Business First.   Dennis Domrzalski Reporter-Albuquerque Business First Email  |  Twitter  |  LinkedIn  |  Reporter RSS Feed Enlarge Photo Randy Siner | Albuquerque Business First “The economic base of Sandoval County has shrunk by 30 percent over the past five years. The county is losing economic base jobs at an alarming rate,” said Lautman, owner of Lautman Economic Architecture. “A lot of it has to do with downsizing of Intel and Hewlett Packard.” Rio Rancho’s economy took a major hit in 2012, and its major commercial and industrial zip code lost $315 million in annual payroll from the previous year, according to new data from the U.S. Census Bureau. The 87124 zip code, which houses Rio Rancho’s Intel Corp. plant, saw its annual payroll fall to $549 million in 2012 from $864.6 million in 2011,...

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Former Intel leader takes helm of new EDC | Albuquerque Journal News

Posted by on May 20, 2014 in Press, Print | 0 comments

Former Intel leader takes helm of new EDC | Albuquerque Journal News. By Sterling Fluharty / Rio Rancho Observer Staff Writer Jami Grindatto, former Intel Corp. regional director of corporate affairs, will facilitate a new economic development corporation in Rio Rancho, for at least two months, as the EDC assembles its board of directors and searches for a permanent director.   The announcements were made during Thursday’s meeting of the Rio Rancho Roundtable, a local project of NAIOP New Mexico, a commercial real estate development association.   Sandoval County and the City of Rio Rancho will invest seed money in the new EDC as part of a regional approach to economic development adopted by the county commission in January.   The city and county managers introduced Grindatto and pitched private investment in the new EDC to about 100 local...

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Our View: Organization may signal start of new economic partnership | Albuquerque Journal News

Posted by on May 20, 2014 in Press, Print | 0 comments

Our View: Organization may signal start of new economic partnership | Albuquerque Journal News. By Rio Rancho Observer staff The emergence of a new public-private economic development organization to foster and bring job-producing businesses and industry to Rio Rancho and Sandoval County offers great promise. We hope it holds its course.   Some details about the initiative, which followed the recommendations in a regional economic development strategy adopted by the Sandoval County Commission earlier this year, were revealed at last week’s meeting of the Rio Rancho Roundtable, a local project of the commercial real estate development association, NAIOP New Mexico.   The county and city plan to invest seed money in the new organization, signaling, perhaps, the start of a new partnership to not only bring economic-base jobs — involving local production of goods and services for purchasers outside...

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State’s job losses could impact governor’s race – The Santa Fe New Mexican: Local News

Posted by on May 20, 2014 in Press, Print | 0 comments

State’s job losses could impact governor’s race – The Santa Fe New Mexican: Local News.   By Bruce Krasnow The New Mexican Job losses in New Mexico accelerated during the past 12 months, making it just one of two states to lose jobs while the rest of the United States was growing, according to data released Friday. For the 12 months ending in April 2014, the state reported a net loss of 4,400 jobs, according to the state Department of Workforce Solutions. Nationally, nonfarm payrolls increased in 48 other states over the 12-month period, with only New Mexico and Virginia seeing percentage declines in employment, according to a measure from the U.S. Bureau of Labor Statistics. Jobs have been front and center in the campaign for governor, as the Democrats have pointed to the fact that the state is...

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Zero-Sum Labor – The C-Suite’s Next Wicked Problem – Area Development

Posted by on May 20, 2014 in Press, Print | 0 comments

Zero-Sum Labor – The C-Suite’s Next Wicked Problem – Area Development. Zero-Sum Labor – The C-Suite’s Next Wicked Problem The impending chronic shortage of qualified workers is causing employers to rethink their business models, locations, and role in their host communities. Mark Lautman, Lautman Economic Architecture LLC (Q2 2014) EDITORS PICKS Closing the Gap Between Manufacturing Employers’ Needs and Workers’ Skills Cultivate STEM Talent to Grow Your Bottom Line Critical Location Decision Factor #1: Keeping the Cost of Labor in Check Critical Location Decision Factor #3: Workers Who Have the “Right Stuff” Critical Location Decision Factor #10: Union Activity Can Be a Deal Breaker After a decade of financial market turmoil, recession, escalating tax and regulatory burdens, and the constant barrage of global market disruptions and creative destruction, C-suite execs are recovering from their own version of PTSD. So the last...

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