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Area Development - Site Selection, Facility Planning and Workforce Development

NewGlobal Ventures Plans Estancia Valley, New Mexico, Canning Operations

01/16/2025
Ag Tech company NewBridge Global Ventures plans to establish operations in Moriarty, New Mexico. The $5.3 million project is expected to create 34 jobs.

The investment will include the construction of a new canning facility which will allow the company to grow and integrate its farming, processing, manufacturing, and distribution businesses centered around industrial-scale hemp and CBD.

“We can pull the plant off the field and squeeze it within 45 minutes of harvest, producing 60 gallons of oil per minute. That process used to take weeks, not even counting the drying, curing of the plant. We were able to bring this to New Mexico because we have the perfect farming partner and strong support from the local community and the state,” said NewBridge CEO Lance Dalton.

To support the project the state of New Mexico has pledged $750,000 from the New Mexico Economic Development Department’s job-creation LEDA fund. The company can also benefit from post-performance state incentives and tax credits for workforce training; high-wage job hiring; and research and development after it ramps up its hiring and operations in the rural community.

“The Economic Development Department supports this initiative that leverages local resources and New Mexico’s rich agricultural heritage to create quality jobs in a rural community,” New Mexico EDD Secretary-designate Rob Black Rob Black noted. “This state investment in the Estancia Valley aligns with Gov. Michelle Lujan Grisham’s priorities to expand infrastructure and manufacturing and grow value-added agriculture in New Mexico.”

Additionally, the City of Moriarity Town Council has approved an ordinance to be the fiscal agent for the state’s LEDA assistance and will monitor compliance. The state assistance would be reimbursed as the company meets economic development and hiring benchmarks.

NewBridge uses a patented technology to process fresh biomass and extract valuable components directly on the farm where the crop is grown, eliminating the need for costly and time-intensive drying and curing.

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