The Bernalillo County Commission on Tuesday unanimously approved up to $9 million in taxable industrial revenue bonds for New Mexico Fresh Foods’ expansion into Albuquerque.
The Santa Fe-based company plans to create a high-pressure processing facility in an empty warehouse at 5600 Venice NE, near Balloon Fiesta Park. It will use a cold pasteurization technique to expand the shelf life for foods without using heat or preservatives, CEO Kelly Egolf previously told the Journal.
The industrial revenue bonds – which are privately funded but enable certain tax breaks – will be used for the acquisition and installation of equipment, the county said in a news release.
