Economic Development Department

 

Our Mission

The City of Albuquerque's Economic Development Department (EDD) works to create, diversify and enhance job growth and to promote business development and stability. EDD supports business and the development community within city government and between city agencies. It also partners with other organizations to further economic development.

 

What's New?

“Making Marketing Work”

City of Albuquerque Offering Marketing & Communications Workshop

The City of Albuquerque is presenting a free marketing seminar for local businesses. The Albuquerque Business Center is partnering with WESST to bring various marketing and public relations professionals together to present tips and strategies to assist local businesses in their marketing efforts.

Representatives from Carroll Strategies, DW Turner Inc., and Merrigan Group LLC will present business marketing and communications topics targeted at local businesses.

The workshop takes place on September 21st from 8 a.m. – 12:30 p.m., WESST Enterprise Center - 609 Broadway Blvd. NE, Albuquerque, NM 87102.

The seminar is free, but registration is required. Seating is limited to 70 people.

For more information or to register, please call (505) 768-3222 or email daniellemarquez@cabq.gov

thrive!ABQ is the  City of Albuquerque’s new economic development initiative. It was unveiled by Mayor Richard Berry at NAIOP’s March 29, 2010 luncheon. It centers around buying local, making it easy to do business here, and attracting new companies.

The initiative is called thrive!ABQ, because that’s exactly what we intend to accomplish- a vibrant business climate that’s accessible, user-friendly and welcoming to all. The current elements of this plan are just the beginning steps for a more comprehensive plan.

thrive!ABQ is comprised of three initiatives:

• Albuquerque First
• Albuquerque Easy
• Albuquerque Recruits

Click here for a detailed summary of the thrive!ABQ initiative.

 

Click Here For Information on the ABC

 

Our Services

Business Recruitment, Retention and Expansion: EDD provides information and support to businesses wishing to relocate to Albuquerque and local businesses planning to expand. We work closely with Albuquerque Economic Development Inc. , city business groups, and other government entities.

Industrial Revenue Bonds: EDD manages the city’s industrial revenue bond program, working with the bond applicant, city legal staff and other city departments to support the process and help the applicant meet requirements. EDD prepares the staff analysis for the Albuquerque Development Commission and City Council and serves as the commission’s staff in project review. EDD also monitors compliance of IRB recipients. Also see Incentives.

Small Business Support: EDD helps small businesses by providing strategic advice and support. The department is involved in ongoing commercial revitalization in various city areas and serves as a clearinghouse of information on small-business programs, financing and resources.

International Trade Division: EDD facilitates international business and trade opportunities for Albuquerque companies. Services include assisting companies with market research, preparing companies to become export-ready, marketing Albuquerque’s technology and research capabilities to attract international business, leading trade missions and supporting international research collaborations.

Albuquerque Film Office: The Film Office offers free dependable assistance to filmmakers. The Film Office will act as a liaison with city agencies and assist in obtaining locations, equipment, and hotel accommodations.The office also acts as a liaison with city agencies and the state Film Office.

Tourism and Conventions: EDD works with Albuquerque Convention & Visitors Bureau and the Albuquerque Hispano Chamber of Commerce and other local organizations to bring conventions and tourism to Albuquerque.

Major Partners: EDD has cooperative and/or contracting relationships with a number of business organizations in the city to foster job creation and economic prosperity for residents and businesses in Albuquerque.

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