$96M Paseo del Volcan project could open access to thousands of acres

Posted on Apr 10, 2015

Albuquerque Business (January 29, 2015) The real estate community is renewing its focus on the idea of a massive $96 million Paseo del Volcan roadway project that could spur millions in new development opportunities. The roadway, in general, would connect I-40 with U.S. 550 — and as it extends toward Northern Boulevard. would take an eastern curve and tie in with an existing portion of Paseo del Volcan and Unser Boulevard. David L. Pennington, the area manager and vice president of Uptown’s Parsons Brinckerhoff office, told Business First the firm was asked to assess the potential development opportunity of the roadway for the Mid-Region Council of Governments (MRCOG) and the city of Albuquerque. The road has implications for Rio Rancho too, as it would pass through both Bernalillo and Sandoval County, right on the fringe of both the Albuquerque and Rio Rancho municipal boundaries. Click here to view...

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BofA to hire 300 for new unit in Rio Rancho

Posted on Mar 20, 2015

Albuquerque Journal News (March 18, 2015) Bank of America is gearing up to hire 300 new employees in Rio Rancho to support services provided by a new type of automatic teller machine that allows customers to interact with a bank representative via video. Work already is underway to remodel an existing Bank of America call center near U.S. 550 to accommodate employees who will staff the new operation, said Michael Rodriguez, who heads up Bank of America’s operations in New Mexico. “I am excited about it – 300 new jobs is obviously excellent news for Rio Rancho,” said Rio Rancho Mayor Gregg Hull. Click here to view article...

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Grindatto: Jobs have ripple effect

Posted on Mar 20, 2015

Rio Rancho Observer (February 25, 2015) Economic achievements and future goals, including attracting hundreds of jobs to the county each year, highlighted the discussion at a Sandoval Economic Alliance luncheon Tuesday at Club Rio Rancho. Jami Grindatto, alliance president and CEO, said 923 existing and new economic base jobs have been created since July. Of those, 313 are filled positions, 301 are committed in 2015 and 309 are committed in 2016. Click here to view...

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ABQ home-building highest in five years

Posted on Mar 20, 2015

Albuquerque Journal (January 27, 2015) Home construction continued to improve in the Albuquerque metro area in 2014, with building permits issued for single-family homes reaching the highest level in five years, according to the latest report from DataTraq. Permits were issued for 1,576 houses throughout the metro area, an 8 percent increase from 2013, and the most since 1,669 permits in 2009. A high point came in May when 193 permits were issued, the most for any month since 196 in August 2008. “We’re happy with that,” said John Garcia of the HBA, the metro area’s homebuilders group. “There was nothing to make it better. We need an economic driver for sustained momentum.”   Click here to view article...

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Council backs Paseo del Volcan completion

Posted on Mar 20, 2015

Albuquerque Journal (March 14, 2015) The Rio Rancho Governing Body has taken a stand in support of the effort to complete Paseo del Volcan, albeit on a split vote. Governing body members voted 4-2 in favor of a resolution supporting construction of the road from Interstate 40 to Unser Boulevard. Currently, the only existing piece of PdV is in Rio Rancho. Councilors Chuck Wilkins and Mark Scott cast the dissenting votes. The resolution commits no money to the project. Mayor Gregg Hull, who sponsored the measure, said the road would open tens of thousands of acres for development, attract jobs, improve traffic flow and provide another route to the area. City Manager Keith Riesberg said he knew of major employers looking at large tracts of land in the PdV corridor in the past two years. Click here to view article...

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Intel gives quality award to Rio Rancho plant

Posted on Mar 20, 2015

Albuquerque Journal (March 11, 2015) Intel Corp.’s Rio Rancho plant has received a 2015 Intel Quality Award, the Santa Clara, Calif-based computer chip giant’s highest team recognition for role models of Intel’s values, spokeswoman Liz Shipley said. It’s the first time the New Mexico plant has won the award since 2001, when its Fab 7 manufacturing group won.  The current award went to the facility as a whole, including the manufacturing and support organizations, Community Engagement Manager Ron Eppes said. Rio Rancho was one of six Intel groups to win the award this year. Award applicants undergo an intensive self assessment based on the Baldrige quality model which examines group operations and quality systems for their impact and efficiency, Shipley said. Honorees demonstrate Intel values and continue to exhibit extraordinary results. They are selected by Intel’s senior leadership, she...

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