Aspen & Autumn Expands Albuquerque, New Mexico, Operations
The company purchased a six-acre parcel of property at 98th Street and Bluewater Road and expects to begin construction on an 82,000-square-foot building within the next few weeks. The new facility will be a distribution hub for food, drinks, and other products throughout the Western United States through two related companies.
“Our companies are just bursting at the seams in the current locations and, with the support from the State of New Mexico and the City of Albuquerque, the new unified location will give us exceptional infrastructure to support continued growth over the next five to ten years,” Aspen & Autumn owner Robert D. Poole said.
The New Mexico Economic Development Department has pledged $750,000 in State of New Mexico LEDA assistance and the City of Albuquerque has pledged $250,000. LEDA assistance is pending approval by the Albuquerque City Council and funds will be awarded as the company meets economic development targets established in the Project Participation Agreement.
“This LEDA investment will provide a foundation for the company’s growth in the next five to ten years, allowing these distributors to increase sales outside New Mexico, while also continuing to enhance and support the business activities of a wide range of New Mexico-based small businesses,” Cabinet Secretary Alicia J. Keyes said.
When completed in early 2023, the project will substantially expand the capacity of the companies, which now occupies roughly 40,000 square-feet of space, and have a significant upstream impact benefiting local food producers and value-added agricultural entrepreneurs by expanding Aspen & Autumn’s ability to showcase and widely distribute New Mexican products.
The Evolution of the Megasite
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Rail Gains Advantage Amidst Supply Chain Snarls
The 2021 Top States for Doing Business Reflect Their Locational Advantages
18th Annual Consultants Survey: Access to Major Markets and Skilled Labor Are Clients’ Primary Concerns
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Innovative and Collaborative Design Sets the Stage for Life Science Innovation