ALBUQUERQUE, N.M. — City officials recently celebrated the official opening of the Rio Rancho office of Stolar Research Corp.
The 30-year-old Raton-based company supplies radio geophysics detection and imaging equipment to the federal government and the mining industry.
The 23,500-square-foot building between Sprint Boulevard and Jager Drive in Enchanted Hills will initially house 25 administrative, technician and engineering employees, with capacity for up to 50.
“We thank Stolar for sending a message that we are continuing to be a high-tech community,” said Mayor Tom Swisstack, one of several speakers at the ceremony.
The city provided incentives in the form of $4 million in industrial revenue bonds that give the company a break on property taxes and $510,000 for infrastructure improvements for the building site.
Gov. Susana Martinez, who also attended the event along with Economic Development Secretary Jon Barela, said political gridlock in Washington, D.C., means the city and state need “to compete like never before” to attract jobs.
Stolar President Gerald Stolarczyck echoed the need for diverse groups and cultures to work together in a speech that honored Stolar employees and company founder Larry Stolarczyck, his father.
The ceremony included a performance by a group of Jemez Pueblo dancers.