BernCo OKs $9M incentive for NM Fresh Foods expansion

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.

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