DHF Technical Products Relocates To Rio Rancho, New Mexico
The company will manufacture products such as sheet, wire and casting grain for jewelry manufacturers, sputter targets for the thin film coating industries and will melt and refine precious metal scrap to for its own production needs or to sell to investors and manufacturers.
“DHF could have chosen to do business anywhere in the country, but New Mexico’s competitive business tax structure, reasonable real estate prices, and overall cost of living and quality of life for our employees were all major factors in our decision to relocate operations to Rio Rancho from California,” said DHF President Dan Castilleja. “Governor Martinez, Secretary Barela and RREDC were all very welcoming and we look forward to being in New Mexico.”
According to Governor Susana Martinez’s office, DHF cites New Mexico’s improved tax competitiveness and business friendly environment among reasons for the move from California to New Mexico. DHF will create 35 new jobs immediately, and up to 50 new jobs in Rio Rancho.
“We are proud to welcome manufacturers like DHF to New Mexico,” said Governor Martinez. “This company has uprooted itself from California to plant itself in New Mexico. That is amazing, and is a prime example of our efforts to diversify our economy, compete for jobs, attract new companies, and help small businesses grow.”
”In the last three years, we’ve improved our tax and regulatory environment significantly,making New Mexico much more friendly to businesses, and helping companies like DHF grow and thrive,” said New Mexico Economic Development Department Cabinet Secretary Jon Barela. “And with our incentives to help with job training and infrastructure we are investing in our communities and workers.”
NMEDD will provide $200,000 in Local Economic Development Act funds to Sandoval County to help offset building improvement costs for DHF. The department will also assist with $173,412 in Job Training Incentive Program funds for on-the-job training for the newly created positions.
“Rio Rancho Economic Development Corporation is proud to welcome DHF to Rio Rancho,” said RREDC President Noreen Scott. “We are grateful to the entire team who has worked for months to make this project a reality. Thanks to DHF for adding jobs to the New Mexico economy.”
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
The “Great Resignation” Is Impacting Corporate Relocations
Workforce Q4 2021
Changes in the Incentives Landscape
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
How an International Business Can Enter the U.S. Market Via M&A