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.
What's New?
Lowe's announced plans for a new Customer Support Center in Albuquerque, New Mexico. The center is expected to be operational during the first quarter of 2012 and is estimated to create 250 jobs by March and a total of 600 jobs by the end of 2013.
Lowe's plans to invest more than $15 million to renovate leased space in a 65,000 square-foot building at 6301 Jefferson NE. The new center will provide multiple support functions for Lowe's, including customer care, store support, internet sales support and repair services for customers and will complement the company's existing Customer Support Center located in Wilkesboro, N.C.
thriveabq.com
thriveABQ.com is an easy-to-use, searchable database of all registered businesses in Albuquerque. The primary purpose of thriveABQ.com is to increase local purchasing at all levels, from large buyers such as the City of Albuquerque to local residents. The portal will also support the City’s business recruitment efforts by connecting local suppliers to incoming companies.
Updated Small Business Resource Directory If you notice any omissions or errors in the Resource Directory, please contact Chris Chavez at (505)768-3292.
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.