Posts Tagged ‘NMSU’

Release courtesy of Spaceport America

Las Cruces, NM – Spaceport America and the New Mexico Spaceport Authority (NMSA) congratulate Dr. Pat Hynes and the New Mexico Space Grant Consortium at New Mexico State University (NMSU) for being selected as the Federal Aviation Administration’s (FAA) Center of Excellence for Commercial Space Transportation (COE-CST). Winning the nationwide competition to host the COE-CST now enables NMSU to serve as the hub of a minimum $5 million, five-year research coalition addressing key challenges in the development of the commercial space industry.

“It’s a great day not only for education in the state of New Mexico, but also for the emerging commercial space industry and the role that Spaceport America will have in its continuing growth,” said Spaceport America Executive Director Rick Homans. “This COE-CST reaffirms and cements New Mexico’s leadership in the vanguard of commercial space.” Homans said the Center would likely facilitate development of launch vehicle systems, technologies and operations research for Spaceport America. “We commend Dr. Pat Hynes and her team, and are excited to work with her innovative consortium from New Mexico, Florida, Texas, Colorado and California, as well as companies like Virgin Galactic, SpaceX and other members of the NMSU COE-CST industry advisory board.”

In addition, NMSA Chairman of the Board Ben Woods said, “Today’s announcement means the New Mexico Space Grant Consortium at NMSU will be at the center of development for industry enabling technologies such as space launch operations and traffic management, space commerce and commercial human spaceflight for launch facilities like Spaceport America here in New Mexico.”

More information on the COE-CST announcement can be found on the FAA website: http://www.faa.gov/news/press_releases/news_story.cfm?newsId=11737.

Spaceport America has been providing commercial launch services since 2006. The spaceport is the world’s first purpose-built commercial spaceport and is now undergoing construction near Truth or Consequences, New Mexico. This state-of-the-art launch facility is expected to become fully operational in 2011. Officials at Spaceport America have been working closely with leading aerospace firms such as Virgin Galactic, Lockheed Martin, Moog-FTS, and UP Aerospace to develop commercial spaceflight at the new facility. The economic impact of launches, tourism and new construction at the Spaceport is already delivering on its promise to the people of New Mexico.

Release courtesy of NMSU News Center

July 26, 2010

NMSU photo by Harrison Brooks

WRITER: Justin Bannister, 575-646-5981, jbannist@nmsu.edu

CONTACT: Vickie Galindo, 575-646-5265, vigalind@nmsu.edu

The U.S. Economic Development Administration has awarded New Mexico State University’s Arrowhead Center a $1.5 million grant for infrastructure improvements to the Arrowhead Business and Research Park and to expand the newly created Arrowhead Drive.

The Arrowhead Business and Research Park covers 224 acres at the southern end of NMSU’s Las Cruces campus between Interstates 10 and 25. Its goal is to link scientists, technologists and entrepreneurs in developing emerging technologies that contribute to the state’s economic development.

“This funding will help the park continue its expansion and aid us in attracting companies seeking to work with NMSU faculty members and students,” said Pam Wood, research park director.

The university completed a mile-long extension of Payne Street through the research park earlier this year. This new grant will allow the university to expand that section of road, now named Arrowhead Drive, from two lanes to four. The grant will also allow NMSU to finish the park’s wastewater system, to install street lighting and to conduct an engineering study to help better plan for the next stages of development.

The Arrowhead Center won a similar, $900,000 grant from the EDA to help pay for construction on the first part of Arrowhead Drive and its accompanying utilities. Other money for that project came from the state of New Mexico, local road funds, the New Mexico Department of Transportation and NMSU.

“These investments by the Economic Development Administration and other partners are not only making the park more accessible and attractive to new businesses, they’re also helping lay the groundwork for a lot of exciting developments yet to come,” said Vickie Galindo, Arrowhead’s director of business development.

The Arrowhead Business and Research Park’s most recently completed building, Spaceplex 2, is home to General Dynamics and opened last summer. The park’s next building will be more than 8,000 square feet and broken into smaller, 1,700-square-foot pads for businesses intending to establish themselves before jumping into larger spaces. That building is currently under construction and scheduled for completion in the coming weeks.

Other plans for the research park include working with the Las Cruces Public School District to construct an early college high school where high school students could take college-level courses for credit.

Click on graphic to download

Thank you to all who attended Tuesday’s Business on the Border Luncheon where Dr. Chris Erickson from NMSU provided his economic outlook and forecast for Las Cruces and the region.  Dr. Erickson presented employment information illustrating that although Las Cruces has fared better than both the national average and New Mexico as a whole, in terms of employment growth, we are still behind our peak employment numbers experienced in the mid 2000’s.  Dr. Erickson stated that it will take approximately three years to catch back up to those previously experienced levels.   Dr. Ericson also commented that although it appears that the country as a whole is moving out of the current recession, which has lasted a staggering 20 months, we must nevertheless not rule out the possibility of a double dip recession.  If you are interested in a copy of Dr. Erickson’s presentation, it can be downloaded by clicking the graphic.

From an economic development perspective we enter the new fiscal year cautiously optimistic.  Over the past fiscal year, MVEDA has developed over 100 leads and over 45 initial site visits.  We also carry forward a strong pipeline of projects which we believe have a strong chance of closing in the coming fiscal year.   We are also experiencing much more diversification amongst the types of industries that have expressed interest in the region.  MVEDA’s top 10 active prospects include 3 manufacturing companies, 2 aerospace companies, 2 renewable energy companies, one food processing company as well as one high tech company.   Together these 10 prospects potentially could create the need for over 2,000,000sf of space and create as many as 600 to 700 jobs.

We are also beginning to see some recurring themes in terms of the anecdotal data we pull from prospects.  For example, whereas over the past fiscal year it appeared financing was the leading driving indicator of a business’ locate decision; we are now seeing more inquiries once again surrounding work force needs.   Additionally we are receiving more inquiries for build-to-suit opportunities as opposed to existing inventory.  Both questions lead us to believe that access to capital is slowly becoming more available which should bode well for economic development initiatives.

This past fiscal year, we also showed success in developing opportunities within the rural areas of the County.  MVEDA conducted site visits to Hatch, Rincon, Anthony, Chaparral, Santa Teresa and Sunland Park amongst other locations.  We are proud to say that one of these actually led to the “locate” of Universal Plastics in Anthony, NM.

Although optimistic, we cannot lose sight that there is still much to do to spark economic development within the state and region. The MVEDA Board of Directors and staff met last week to outline our strategic plans for the new fiscal year.  At the session, MVEDA updated its regional economic development SWOT analysis and recognized that although we have been successful in addressing many of our economic development weaknesses, there are several new arising threats and barriers that we must be aware of.   They include:

1. Uncertainty of a new administration:  A new administration always puts pause in private sector decision making.  Will the next administration be business friendly?
2. Uncertainty of business attraction incentives:  Recently the State has been experiencing budgetary challenges with its most “tried and true” incentive; Job Training Incentive Program (JTIP).  Recent changes have lowered the reimbursable amount on JTIP funding in urban areas (ie…Las Cruces) from 50% to 30%.  Incentives such as JTIP are the only tools most economic development programs across New Mexico have to be competitive in business attraction.  Will they be further reduced?
3. Regional and Local Incentives:  Serious consideration needs to be placed into the development of localized incentives for economic development.  Communities throughout the country, especially in Texas have economic development funds by which they can tap into for job creation.
4. Border competitiveness:  Recently El Paso announced the acquisition of 1,000 acres of land in Tornillo for the development of an industrial park with a port of entry which they will break ground on in 2012.  How will this affect our port of entry and future economic development opportunities in Santa Teresa?

These are challenges that MVEDA recognizes and, as an organization, must consistently retool our marketing efforts and plan strategically to deal with new challenges that arise.  And we can only hope that a “double dip” by the national economy is avoidable.

I look forward to seeing everyone at our next Business on the Border Luncheon where MVEDA will be providing a year end re-cap.  We will also have a guest speaker from the New Mexico Small Business Assistance Program which is a program that leverages technology and expertise at our National Laboratories and can provide up to $20,000 in technical support to companies in the region.

Release courtesy of The Bridge of Southern New Mexico

The first early college high school (ECHS) in New Mexico opened its doors to students on Tuesday, July 6, 2010, when approximately 116 LCPS freshmen began classes. The new high school, the fifth within Las Cruces Public Schools, will temporarily be housed within the Dona Ana Community College (DACC) for the 2010/2011 school year.

LCPS Superintendent Stan Rounds said, “This school is the direct result of community and educational partners coming together to address the future of our local students,” said Rounds. “It began with a dream, molded itself through the Bridge initiative, and now I’m proud to announce we have our first class of students.”

The Bridge (formerly known as the REI – Regional Education Initiative) brought together private business, public and higher education, government, and economic development, to find solutions on reducing the dropout rate and better preparing graduates for the workforce.

“This is a really great day for our community and it shows the impact of people coming together to seek solutions together,” said Suzanne Quillen, chairwoman of The Bridge of Southern New Mexico. “The early college high school is nationally a best practice for reducing the dropout rate and preparing young people to successfully enter the work force.”

Rounds said the LCPS ECHS will offer students the chance to earn not only a high school diploma, but also to graduate from high school with an associate’s degree and credits toward a bachelor’s degree. The ECHS will emphasize science, technology, engineering and mathematics (STEM) classes, entrepreneurship, along with career and technical education (CTE) courses.

Students were selected by completing an application and participating in a lottery drawing. The first class of ECHS freshmen (the class of 2014) will begin their high school careers with “a ninth-grade experience that will ignite their interest in education by providing relevance to their academics through high quality career and technical education (CTE) studies,” said Jennifer Amis, principal. “More than half our students will be the first in their families to attend a college or university.”

“This collaborative project has opened up a new avenue to higher education, one that affords greater access for many of our community’s youth who otherwise might have seen college as just a distant dream. Early College High School is about turning those dreams into reality while, at the same time, strengthening our workforce,” said Dr. Margie Huerta, DACC president. “The opening of this innovative school is proof that DACC, LCPS and NMSU can work together effectively to improve educational opportunities.”

“Nationally, early college high schools have a 90% graduation rate,” said Tracey Bryan, executive director of The Bridge. “They offer smaller learning environments and real-world applications in the coursework. This will give students a firm foundation on which to build a strong future for themselves, their families and their communities.”

By the summer of 2011, construction will be complete on a permanent eight-acre ECHS campus on Arrowhead Research Park on the western edge of NMSU. The state-of-the-art classrooms facilities are currently being designed by Studio D Architects of Las Cruces in collaboration with GenCon Corporation, LCPS, and the Arrowhead Development Corporation.

The July meeting of the MVEDA Business on the Border Forum will be held on Tuesday, July 6, 2010 from 11:30 AM until 1:00 PM at the Hotel Encanto de Las Cruces, 705 S. Telshor. The meeting will begin with a hot entree buffet followed by a brief update by MVEDA staff.

Christopher A. Erickson, Ph.D.

Dr. Christopher Erickson will be the featured speaker at the luncheon.  In his “Update and Outlook for the Las Cruces Economy” he will discuss the outlook for Las Cruces next year and beyond. He will also discuss the outlook for the state and national economy.

Dr. Erickson has served on the faculty of the NMSU Department of Economics and International Business since 1987. He is a frequent speaker on financial economics, macroeconomics and the border economy. His primary teaching interest is money and banking. He is the author or co-author of numerous articles on financial economics, including supplemental money and banking text that has been adopted on more than 100 college campuses. He is the Executive Editor of the New Mexico Business Outlook, the e-newsletter of the College of Business at New Mexico State University.

Luncheon cost is $20.00 per person, payable by cash, check or major credit card. Due to space limitations, reservations are required. Please confirm your attendance no later than Thursday, July 1^st by clicking the button below or by calling the office at (575) 525-2852. The meeting is open to the public.