January 24th, 2021 – For the second year in a row, New Mexico has garnered national attention for one of the nation’s most impactful economic development deals.
Intel’s $3.5 billion expansion of its Rio Rancho campus has been recognized by Business Facilities as one of the top manufacturing deals in the country, specifically representing manufacturing hubs. The expansion, announced on June 1, 2021 by Gov. Michelle Lujan Grisham and Intel, will create 700 new hi-tech jobs. Intel is currently hiring for those positions. The project will also create 1,000 construction jobs with an estimated total project spend of $550 million. When completed, the Rio Rancho location will be Intel’s domestic hub for advanced semiconductor manufacturing. The facility originally opened 20 years ago in 2002.