Bicycle Technologies International Expands In Sante Fe, New Mexico, Doubling Its Workforce
07/03/2012
With the expansion the company, which employs approximately 50 workers, expects to hire up to 50 new employees over the next five years, New Mexico Gov. Susana Martinez's office said.
"By creating a better business environment in New Mexico, companies like BTI are better able to grow and succeed here at home," said Gov. Martinez. "We must continue our work to make our state a better place to do business so more companies will make the choice to start or re-locate here, contribute to our economy, and hire New Mexico workers. I applaud BTI for choosing to stay in New Mexico, create well-paying jobs and take the risk that so many entrepreneurs do by investing their time, energy and capital into expanding their company."
BTI's President and co-founder Andrew Wright stated, "We truly appreciate the level of support and teamwork we've received from the State of New Mexico, Santa Fe County, and the City of Santa Fe. Without the forward thinking programs and action of our municipal Economic Development teams, this project would have continued to stall or even fail. This financial and developmental support has allowed BTI to stay in New Mexico and reenergize our growth and job creation potential."
As an incentive New Mexico Economic Development assisted BTI with its resources such as the Job Training Incentive Program, which promoted the hiring and training of employees. Based on job growth expectations, BTI has also received $350,000 in Capital Outlay funding that will assist in the construction of its new 47,500 square foot facility, which will include a 15,000 square-foot building based on green sustainable principles.
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024