Start-up solar manufacturer Green2V is planning to build its corporate headquarters in Rio Rancho, New Mexico. The company will hire 1,500 employees over the next five years, and ultimately plans to open additional manufacturing sites in the state, eventually employing 3,000 people.
Green2V will begin construction this summer on the one million-square-foot facility. The company is eligible for incentives including a high-wage tax credit, a manufacturing investment tax credit, and job training funds. Rio Rancho is also considering extending a $500 million industrial revenue bond that would let the company receive financing to build the facility, which will include research, development, and manufacturing operations.
New Mexico is positioning itself to be a solar power leader, and Green2V is only the most recent of several solar companies to move in.
"This is a great investment for New Mexico," said Governor Bill Richardson yesterday. "New Mexico is going to be North America's solar valley, you watch."