RIO RANCHO – Intel Corp. hired 24 employees at its Rio Rancho plant in 2013, six of whom lived in New Mexico, and will have to pay Sandoval County for not having enough state residents among its new hires under a 1995 agreement, the Rio Rancho Observer reported.
Since 2000, the company has hired, on average, slightly less than 150 workers per year. Fewer than 2,800 now work at the local plant, following last year’s redeployment of 400 employees, according to a recent Intel report and spokeswoman Natasha Martell Jackson.
The industrial revenue bond agreement between Intel and the county, which the parties renewed in 2004, requires Intel to pay the county $100,000 for each year New Mexico residents comprise less than 60 percent of individuals hired that year.
Liz Shipley, government affairs manager for Intel in the Southwest, submitted the company’s 2013 annual report to Sandoval County last month, the Observer story said.
Hiring figures in the report indicated Intel last met the 60 percent goal in 2010.
When the county receives those payments from Intel, which happened five times in the last decade, it funds school-to-work initiatives. The money is split among the Bernalillo, Cuba, Jemez Valley and Rio Rancho school districts.