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Business Assistance

  Wage Support, Bonds and Tax Credits

  • In plant Training Program. Pays up to 65% of employees wage for a period of 1,040 hours per person.
  • Industrial Revenue Bonds. Must be a two million dollar project or more.
  • Investment Tax Credit. Must be for manufacturing equipment.

  Technical Transition Program

  • Alliance for the Communication of Technology, a mentorship program for high-tech startups.
  • Non-venture Capital Fund, provides money for high-tech startup businesses.

  Environmental permit assistance

  • The New Mexico State Department of Business Development will assist in this area upon request.

 

Leasing Rate

In a Build To Suit environment, a building that is 40,000 sq. ft, and depending on the embellishments, is likely to be $8.00 to $10.00 per sq. ft annually for a five year lease with three renewal options.  These figures are only intended to be general guide lines.

 

Labor Force

  Edgewood has a great work ethic

  • You can expect that you will get a full measure for your labor dollars. 
  • Citizens of Edgewood cherish the opportunity to earn a decent wage here in Edgewood, instead of going back and forth over the mountain each day.
  • There is no competition for workers.
  • Few bad working habits.
  • Job jumping will not be a problem.
  • Very little employee turnover.
  • Low employee absentee problems.

New Mexico has no Right To Work Law

Average hourly wage South Santa Fe County

  • Skilled worker                            $ 10.98
  • Business computer operator         9.50
  • Input operator                                  7.75
  • Clerical                                             6.15

 

 

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Town of Edgewood

P.O. Box 3610
Edgewood, NM 87015

Telephone: 505 286-4518
Fax:  505 286-4519