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State launches new Technology and Innovation Office, announces $90M for tech advancement
Economic Development Secretary Rob Black talks with his deputy secretary Isaac Romero, left, and Rep. Meredith Dixon, D-Albuquerque, in January during the 60-day legislative session.
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Technology is getting a new home at the New Mexico Economic Development Department.
The department on Monday announced the launch of its Technology and Innovation Office, which will absorb the existing Office of Strategy, Science and Technology.
EDD also announced more than $90 million in new funding to help propel technology advancement and support startups.
It’s one of many moves and achievements New Mexico has touted in recent years to secure itself as a technology hotspot. Last year, the federal government awarded Elevate Quantum, a regional quantum collaboration New Mexico is part of, a “tech hub” designation and a $40.5 million grant.
“New Mexico’s trajectory in the fields of science and technology is clear, and this landmark investment accelerates that,” Gov. Michelle Lujan Grisham said in a statement. “With our deep bench in innovation, we’re creating momentum that will drive prosperity well into the future.”
Lujan Grisham signed House Bill 20 in April, the legislation that created the new division within EDD. It goes into effect in July, according to the bill.
Nora Meyers Sackett, director of the Office of Strategy, Science and Technology, will lead the new tech office.
Bill sponsor Rep. Meredith Dixon, D-Albuquerque, described the office as a boost to the state’s emerging fields — quantum computing, artificial intelligence and clean energy.
“This kind of strategic, forward-looking investment will help us continue to recruit high-growth businesses from cutting-edge fields to New Mexico so we can strengthen and diversify our economy,” Dixon said.
