Business Facilities - December 2007 - (Page 8)

METRO SPOTLIGHT Albuquerque, New Mexico By Michelle Janowitz THE ALBUQUERQUE METROPOLITAN STATISTICAL AREA (MSA) consists of four counties in central New Mexico, with the two largest cities being Albuquerque and Rio Rancho. Rio Rancho has grown rapidly since its incorporation in 1981, and is now home to more than 60,000 residents. Albuquerque, the largest city in New Mexico with a population of over 500,000, has a central downtown area, a historical district, an international airport, and the vast majority of the industrial, commercial, and residential development in the MSA. ALBUQUERQUE MSA POPULATION ESTIMATES, 2007 Bernalillo County Valencia County 618,920 70,296 Sandoval County Torrance County 113,026 17,706 Total MSA 819,948 A GROWING WORKFORCE W ith a population of over 800,000 and a seasonally adjusted working population of more than 405,000, the Albuquerque MSA’s employment accounts for over 40% of the state of New Mexico’s total employment. Through September, Albuquerque’s non-agricultural employment grew 1.2%. During the same period, the national economy experienced a 1.2% non-agricultural employment growth as well. esa del Sol is a 12,900-acre, 20-square mile, mixed-use MAlbuquerque.located in the southeast bordered the city community corner of of The community is by the Bernalillo County Recreational Complex and the Kirtland Air Force Base (the area’s largest employer). It is also conveniently located near two major highways, I-25 and I-40, and just a five-minute drive from the Albuquerque International Airport. At full build out over the next 35 to 50 years, Mesa del Sol will include 37,500 residential units and 18 million square feet of commercial space (industrial, office, and retail). Fourteen hundred acres have been designated for a commercial center—Innovation Park. Mesa del Sol’s inhouse economic development department—in partnership with state and local government, the business sector, and New Mexico’s universities—is working to attract highvalue employers and has targeted several sectors including renewable energy, film and digital media, government services, and the financial industry. Currently, Advent Solar, a photovoltaic solar panel manufacturer, and Albuquerque Studios are located at Innovation Park. Sony Pictures Imageworks and multiple U.S. General Services Administration projects have announced plans to have offices there as well. A CITY WITHIN A CITY GENERAL LABOR STATISTICS FOR ALBUQUERQUE MSA Labor Force (Sept. 07) Unemployment Rate (Sept. 07) Median Age (2007 Estimate) Avg. Manufacturing Wage/Hr. (Sept. 07) SOURCE: NM DEPT. OF LABOR, ECONOMIC RESEARCH & ANALYSIS BUREAU 411,600 3.4% 36.6 $15.79 Median Household Income (2007 Estimate) $46,582 New Mexico is a non-right-to-work state, but maintains a low level of union participation in the private sector. Less than 12% of Albuquerque’s workforce is unionized. 8 DECEMBER 2007 IMAGE PROVIDED BY RON BEHRMANN Did You Know …

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Business Facilities - December 2007 Contents First Word Snapshots Metro Spotlight: Albuquerque, New Mexico Corporate Moves: North Carolina 2007 Ecomonic Development Deal of the Year Awards State of the Year Seeking Supply Chain Solutions Mississippi Means Business Corporate Moves: South Carolina Biomedical Momentum in Florida's High Tech Corridor Trends in Offshoring Metro Spotlight: Stillwater, OK Metro Spotlight: Atlanta, GA Advertiser Information 2007 Salary Survey

Business Facilities - December 2007

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