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BREAKING: Company Will Bring 1,500 Jobs to Rio Rancho by 2014

ALBUQUERQUE, N.M. — Green2V plans to build solar photovoltaic panels

 

Rio Rancho Mayor Thomas Swisstack announced Wednesday morning that a two-year-old renewable energy company, Green2V Corporation will build its corporate headquarters and research and development facilities in Rio Rancho, bringing 1,500 full-time jobs to the city by 2014.

Swisstack said at a news conference at City Hall that the City Council will vote at its meeting on April 14 on a resolution for a $500 million industrial revenue bond for the project.

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The mayor expects the company to begin construction this year on a 1 million square foot complex on a 124-acre site west of V. Sue Cleveland High School. The city has agreed to purchase the land from the State Land Office for about $6.9 million, according to City Manager James Jimenez.

Gov. Bill Richardson, who attended the news conference, said Green2V will be eligible for state incentives such as the high-wage tax credit, the manufacture’s investment tax credit and up to $9 million in JTIP funds.

Green2V CEO Bill Sheppard, a former Intel executive with ties to Rio Rancho, said the company the plans to build solar photovoltaic panels. He said the company has a private equity investor and can make its products competitive by controlling the supply chain for purchasing all its raw materials in the United States.

For more on this, check out the story in Thursday’s Journal.

 

 


 

Wednesday, 07 April 2010 06:33

 

Rio Rancho is expected to announce today that hundreds of high-paying manufacturing jobs are on their way to the City of Vision, the Albuquerque Journal’s Rosalie Rayburn reported today.

Mayor Tom Swisstack has invited a who’s who of the local business community for a major economic development announcement at 10:30 a.m. today at Rio Rancho City Hall, and Gov. Bill Richardson and State Land Commissioner also will be on hand to announce the creation of a commercial and industrial zone in northern Rio Rancho near the new city center, the Journal said.

The manufacturing site will be on a 124-acre parcel of land that belongs to the State Land Office immediately west of V. Sue Cleveland High School, and the city has reached an agreement with the land office to buy the land, Assistant Land Commissioner Kristin Haase told the Journal.

 

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