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Albuquerque Business First
This is how Sunny505 executed a 15-year succession plan
On her 50th birthday, Joanie Griffin had an epiphany of sorts. “How do you ever exit?" That was the question she asked herself as she reflected on Sunny505, a successful marketing and communications firm she founded in Albuquerque in 1990 (formerly...
Workers forfeit hundreds on a popular workplace benefit. Here's why.
Workers are losing out on hundreds of dollars in flexible spending account money. A new report by the Employee Benefit Research Institute analyzed more than 3.2 million flexible spending accounts in 2022. It found, while workers are contributing more...
Court Records - Collected week of May 3, 2024
Lawsuits Extended Plaintiff: Antonio Maestas/Angie Gallegos (decedent), Def1: Buffalo Thunder Inc., Def2: Pueblo of Pojoaque, Def3: Buffalo Thunder Development Authority et al., Suittype: wrongful death non-auto, Caseno: CV 24 00966, Recdate: 2024-04-19,...
New Business Leads - Collected week of May 3, 2024
New Businesses New business licenses and corporate formations. -New Catering Licenses Company: The Ruby Oracle LLC, First: Noreen, Last: Richards, Address: 701 Adams SE, City: Albuquerque, State: NM, Zip: 87110, Recdate: 2024-04-22, Jurisdiction: State...
City to host small business resource fair
A collection of City of Albuquerque departments are looking to help entrepreneurs get started by hosting a small business resource fair on Albuquerque’s Westside. The event will feature over 30 organizations, primarily agencies business owners need...
Chase Bank's Santa Fe location delayed
The opening of Chase Bank’s first branch in Santa Fe has been delayed. The banking giant confirmed April 18 that construction is behind schedule at the future 2002 Cerrillos Road location. Santa Fe Branch Manager Vince Krakau declined to elaborate...
Here's how many startups UNM's Rainforest Innovations has helped build
The Covid-19 pandemic was challenging for UNM Rainforest Innovations. One of the primary goals of the nonprofit, owned by the University of New Mexico Board of Regents, is spinning startups out of the state's flagship university. Its startup numbers...
National chain, local favorites land at Sunport
A national chain and two local favorites will soon have a new home in the Albuquerque International Sunport. The Albuquerque City Council on Monday approved awarding Tailwind Hospitality, a Denver-based concession provider primarily serving small and...
Wages in New Mexico flatline
New Mexico can't seem to break $40,000 in median annual pay. That figure has remained static since the end of last year, according to ADP Pay Insights. While New Mexico’s wages remain stagnant, change may be on the horizon pending a new overtime...
El Nopal relocates near UNM
After two years, a Mexican restaurant has relocated from Carlsbad to a bustling area near the University of New Mexico (UNM) in an attempt to draw a younger, university crowd. El Nopal — previously located at 2704 San Jose Blvd. in Carlsbad — will...
New Mexico remains near bottom of US News' 2024 'Best States' rankings
Despite higher rankings for fiscal stability, natural environment and opportunity, New Mexico continues to rank near the bottom of US News & World Report's 2024 Best States compilation. New Mexico ranked No. 49 in the annual report, only beating out...
Air Compressor Solutions opens Carlsbad location
Air Compressor Solutions (ACS), an equipment provider, has opened a new shop in Carlsbad to broaden its product offerings and enhance its presence in the market. The new 6,000-square-foot facility is located at 711 Del Rio St. The shop is staffed with...
Retailer closing hundreds of stores after bankruptcy
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals. We'll take a look today at Walmart's decision to close down its health clinic business, how small businesses are rethinking real...
Indoor go-kart venue still on track for ABQ expansion
Albuquerque is poised to race into a new era of entertainment as plans for the previously announced Andretti Indoor Karting & Games may now have a finish line in sight. Chad Montgomery, director of real estate and development at Andretti, told Albuquerque...
U.S. senator touts NM's electrification potential
In a small room at a Westside apartment complex, U.S. Sen. Martin Heinrich (D-N.M.) told a group of about 35 onlookers a story about his home's electrification. "I just spent this morning making some huevos rancheros with red chile and a smoking hot...
Magdalena Donahue's geologic road trip across New Mexico
After decades studying New Mexico's geology, Magdalena Donahue was tasked with preparing a second edition of the "Roadside Geology of New Mexico," the first new edition in nearly 40 years. A New Mexico native from Los Alamos, Donahue "went and drove...
Job postings are sliding overall, but not for these high-demand roles
At a time when job postings have declined 28% from a pandemic-era high in 2021, certain positions — including multiple skilled trades — are in high demand. That’s according to recently released data from global job-search engine Indeed. Indeed's...
Ryder System opens El Paso logistics hub
Florida-based Ryder System Inc., a provider of supply chain, transportation and fleet management solutions, has opened a new multi-client logistics facility in El Paso to support recent growth in trade activity along the U.S.-Mexico border. Located...
$25.9M commercial building permit issued last week
The City of Albuquerque issued 13 commercial building permits between April 29 and May 3. The permit for the largest project in terms of square footage and estimated cost was issued on May 2 to Darren Searcy for a new building at 4401 Alexander Blvd....
Olive Tree Compounding Pharmacy relocates
After breaking ground last summer, a specialty pharmacy that produces medications for people and pets, has relocated to a new facility in the Unser Gateway trade area. On April. 8, Olive Tree Compounding Pharmacy relocated to a 6,000-square-foot building...
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