Tag Archives: LEDA

The Line: NBCUniversal Film and TV Project Comes to Albuquerque

Line NBC Universal In NM

June 21, 2019 – Last week, NBCUniversal announced plans to expand its film and TV production with a multimillion-dollar project in downtown Albuquerque. The state is investing up to $7.7 million along with $3 million from Albuquerque in Local Economic Development Act (LEDA) funding to convert a present warehouse into a state-of-the-art studio. In return for these investments and additional tax incentives, NBCUniversal has committed to $500 million dollars of spending over the next decade, more than 300 full-time jobs at good wages, and $55,000 per year into training programs.

While the Albuquerque City Council voted unanimously to approve the city’s share of the funding, not everyone is on board with the investment, including the Rio Grande Foundation, a tax watchdog group. Gene Grant and the Line opinion panelists weigh in on whether they think it’s a good economic deal for New Mexico.

Line Panelists:
Janice Arnold-Jones, former NM state representative
Tom Garrity, The Garrity Group PR
Giovanna Rossi, Collective Action Strategies, “The Well Woman Show” (KUNM)
Harry Van Buren, UNM Anderson School of Management

For Further Reading:

City Council approves NBCUniversal incentive package – by Ron Davis, Albuquerque Business First

UPDATED: Getting NBCUniversal to open ABQ studio was a race to the finish – by Ron Davis and Rachel Sams, Albuquerque Business First

City council votes yes, bringing NBC Universal and over 300 jobs to Duke CityKOAT 7

The Line: State of the State’s Economy

Federal Money Dependency

May 24, 2019 – Diversifying New Mexico’s economy has been a goal for many years. But with the recent announcement that ExxonMobil anticipates pumping $64 billion dollars in economic benefits to the state over the next 40 years, it’s a hard to think of weening New Mexico off of the oil and gas industry. Still, the space tourism industry is ramping up, film and television production continues to grow more robust, and farmers are looking to branch out into new crops such as hemp. Gene Grant and the Line panelists explore many different ways to diversify New Mexico’s economy. 

Line Panelists:
Tom Garrity, The Garrity Group PR
Sophie Martin, attorney
Serge Martinez, professor, UNM School of Law
Rachel Sams, editor, Albuquerque Business First  

For Further Reading:

State looks to diversify economy, rely on ‘volatile’ oil and gas revenue less– by Matthew ReichbachNM Policical Report

State pledges $2M loan to help space company rebuild – by Collin KrabbeAlbuquerque Business First

The Bosses: Santa Fe has proportionally more woman-owned businesses than elsewhere, but entrepreneurs still face challenges – by Leah CantorSanta Fe Reporter  

Article mentioned by Rachel Sams:  

Hiring roundup: these space companies are hiring in ABQ – by Collin KrabbeAlbuquerque Business First