Bueno Foods Expands Albuquerque, New Mexico, Production Plant
According to state officials, the $10 million expansion for Bueno Foods will be at its current location at 2001 4th St SW and will include a new 25,000-square-foot freezer warehouse for its manufacturing campus. The expansion, which will allow the company to better distribute New Mexico chiles and food products throughout the United States, is expected to be completed by the end of 2022.
“As our payroll and purchases ripple through the economy, we support secondary businesses and bring money back to New Mexico for local investment,” Bueno Foods President Jacqueline Baca said. “We’re a small family-owned business and we’ve been talking about this for years. The LEDA assistance allows us to move forward now.”
The 70-year-old Bueno Foods is being assisted by a $500,000 grant from the New Mexico Economic Development Department’s LEDA job-creation fund.
“The Economic Development Department is pleased to invest in this long-time family business that values locally grown New Mexico food,” Cabinet Secretary Keyes said. “Expanding quality food production and manufacturing close to home is a priority for this administration and for the farmers and growers in the state who rely on Bueno to get their products to restaurants and consumers.”
The City of Albuquerque is the fiscal agent for the expansion project, which also includes Industrial Revenue Bonds.
“Incentive programs like LEDA and Industrial Revenue Bonds allow us to assist Albuquerque businesses with local expansion and overall growth,” said City of Albuquerque Economic Development Director Synthia R. Jaramillo. “By supporting Bueno Foods, we are enhancing the fabric of our community, and supporting the private sector in creating more jobs and opportunities for the city’s future.”
2023's Leading Metro Locations: Hotspots of Economic Growth
The Logistics Analysis That Drives Industrial Site Selection
2023 Top States for Doing Business Meet the Needs of Site Selectors
Technology’s Influence on Workforce Development
Workforce Q4 2023
AI 101 for Site Selection
First Person: Realizing the Inflation Reduction Act’s Full Potential
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects