Jabil Plans Center of Excellence in Albuquerque, New Mexico
The company, which is headquartered in St. Petersburg, Florida, plans to invest nearly $42 million in new technology and equipment and add 120 jobs over the next five years.
“Thanks to the support of Governor Michelle Lujan Grisham, Mayor Keller and their economic development teams, Jabil is well-positioned to further build upon our capabilities and expertise in Albuquerque, supporting our mission to be the most technologically advanced and trusted manufacturing solutions provider,” Jabil Executive Vice President and Healthcare CEO Steve Borges said.
“We look forward to expanding our presence in the community and employing additional colleagues from Albuquerque’s talented workforce over the next several years,” he added.
There are currently more than 360 full-time employees on site, in addition to a temporary workforce of approximately 70 associates.
Jabil’s expansion will be supported by the state’s Local Economic Development Act (LEDA). The State of New Mexico will provide up to $750,000 in LEDA funding. In addition, the City of Albuquerque will commit $250,000 in local LEDA funding to the project. If approved by the Albuquerque City Council, the comprehensive $1 million in LEDA funding will help the company with eligible expenses associated with the project.
“This investment is a clear signal that New Mexico is building a high-quality 21st century workforce,” Governor Michelle Lujan Grisham said. “We have all the talent in the world right here in New Mexico, and when we build the infrastructure for a 21st century economy, we will see more young adults stay here and more homegrown talent return here.”
“Having Jabil in Albuquerque builds on our assets as a technology hub,” said Albuquerque Mayor Tim Keller. “Investing in 3D printing strengthens our city’s foothold in key industries. This deal even goes a step further by creating valuable job opportunities for our young and talented workforce in partnership with the University of New Mexico and Central New Mexico Community College.”
“Jabil’s investment here elevates Albuquerque’s strong technology sector by bringing a world class technical facility with sought-after capabilities, and to top it off they are adding quality economic base jobs that will create more wealth for residents and opportunities for our small businesses,” said Synthia Jaramillo, Director of Economic Development for the City of Albuquerque.
Genpact Canada Service Company Locates Virtual Data Science & Tech Hub in Montreal, Quebec
France-Based Babynov USA Selects Red Boiling Springs, Tennessee, for First U.S. Manufacturing Facility
Why are Foreign Trade Zones Making a Comeback?
34th Annual Corporate Survey & the 16th Annual Consultants Survey
How are Uncertain Times Altering Company Location Strategies?
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Infrastructure Investment as an Economic Stimulus Tool
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row