Lynn Johnson, Associate Broker
Direct: (505) 923-4664
Cell: (505) 350 5966
Lynn Johnson
Albuquerque
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Employment
Job growth in Albuquerque is steadily climbing!The unemployment rate for the Albuquerque metropolitan statistical area (MSA) was 3.7%, less than the national average of 5.0%. New Mexico added 7,300 jobs in 2007 and ranked 28th for job growth among the states (data provided by NM Dept. of Workforce Solutions.) The Albuquerque metro area accounts for nearly half of all the economic activity in New Meixco. The seasonally adjusted unemplyment rate for Albuquerque was 3.5 % in December 2007 - one tenth of a percentage point lower than the December 2006 rate of 3.6%.
It has placed the city on its Lucky Seven Investor Forecast predicting it will remain a good place for investors looking to make a profit. It was also chosen (again) as on of the best cities for jobs by Forbes, Inc.
Below are some of the key growth industries or areas for Albuquerque:
MESA DEL SOL
The future of Albuquerque's ubusiness and residential expansion is closely intertwined with the 25 square nile development on our South Mesa. This mixed use plan calls for a mosaic of businesses, homes, schools, parks, shops, restaurants and open spaces. Two key companies are already there - Albuquerque Studios and ADvent Solar. Three more companies - Fidelity Human Resources Services Co., Schott Solar and Sony Pictures Imageworkds have committed to join them by 2009. These businesses represent up to 6,600 new jobs for Albuquerque with retail and services needed to support them. Business development like this will support the strength of the existing home market in the near future while fueling new home building in the mid and long term.
FILM INDUSTRY
In addition to Albuquerque studios and Sony Imageworks, Rio Rancho will sonn be ther home for Lions Gate Studuios. Supporting businesses are beginning to move to the Metro Area as well. This industry will continue to grow dueu to the State and City incentives offered to production groups. Additionally, the Central New Mexico Community College has begun designing programs to train below the crew line, and UNM is developing an interdisciplinary digital/media arts program to support the burgeoning industry.
AERO SPACE
Eclipse Aviation, AeroParts Manufacturing, Aspen Avionics, GE Aircraft Engines, Sun Country Industries, Aero Mechanical Industries, Devore Aviation, Vibrant Corp. and the expansion of Double Eage II Airport represent new and growing aero space companies in the Metro Area. Eclipse alone plans to hire another 700 employees in 2008.
SOLAR POWER
Schott Solar and ADvent Solar in Mesa Del Sol join Emcore, UniRac and Sterling Energy and several other companies in researching, developing and delivering advanced solar power. This is an indsutry that clearly supports our sustainability initiatives for the City of Albuquerque.
DIGITAL
Intel Corporation, whose plant in Rio Rancho is one of the largest employers in the state, is the world's largest producer of computer microchips.
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Keller Williams Realty® 6240 Riverside Plaza Ln., Suite 100 Albuquerque, NM 87120 Office: (505) 897-1100 Fax: (505) 923-4677 |
©Copyright 2007, Lynn Johnson. All rights reserved. MLS Content provided by Southwest MLS.
Design/Development: Vincent Thomé, MindSpace Limited Co.
Design/Development: Vincent Thomé, MindSpace Limited Co.