Governor Susana Martinez announced the New Mexico Economic Development Department will invest $1.8 million in Local Economic Development Act (LEDA) funds to build a well serving the area around the booming Borderplex in Santa Teresa. The well will support businesses such as the recently opened MCS Frames 215,000 square-foot distribution center, FedEx Ground’s new 215,000 square-foot logistics facility, Valley Cold Storage’s new 400,000 square-foot facility, and 6,400 linear feet of new rail in the Santa Teresa Intermodal Park.
“When we put our dollars into critical infrastructure projects throughout the state, they help put more New Mexicans to work immediately and lay a stronger foundation for long-term economic growth,” Governor Martinez said. “The booming Borderplex in Santa Teresa continues to serve as a strong example of the power of investing in infrastructure projects to help our communities continue to harness their potential.”
LEDA serves as New Mexico’s closing fund, a valuable tool for recruiting new businesses to the state while helping those that are already here grow and thrive. Governor Martinez has fought to grow this fund to $56 million, up from nearly zero when she took office.
This announcement is the latest in a series of significant water infrastructure investments that Governor Martinez and her administration have made to help the Borderplex continue to grow as a leader in international commerce and trade. Since taking office, Governor Martinez and her administration have invested more than sixteen million dollars to build and expanding infrastructure in the area to accommodate continuing growth. These include nearly $7 million to build and improve water distribution and wastewater systems to serve Santa Teresa’s industrial areas and the surrounding communities, nearly half a million dollars in 2012 and 2013 for critical transportation infrastructure in the area, including improvements to Airport Road and an additional lane of travel for the Port of Entry. And last year, Governor Martinez secured more than $8 million dollars in the capital outlay bill to upgrade and improve Airport Road, Industrial Drive, and the Pete Domenici Interchange.
Courtesy of the New Mexico Economic Development Department
Posted June 9, 2016
