University of New Mexico Secures $1.5 Million Grant for Innovate ABQ Factory


credit: Rediff

The University of New Mexico (UNM) has recently received a $1.5 million grant from the U.S. Economic Development Administration to help the school build an Innovate ABQ business factory.

Downtown's old First Baptist Church has been targeted for the project's long-term location. The grant will aid in establishing a new innovation center to anchor Innovate ABQ, a business factory initiative to pull in UNM researchers and Albuquerque's business community for tourism and job creation.


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Federal Programs Related to - Regional Economic Development

Programs that provide technical assistance, venture capital, loans, loan guarantees or other forms of management support to encourage the establishment and growth of business and industry in a particular region of the United States.

Federal Programs Related to - Tourism Development

Programs that provide tourism marketing and development strategies for local communities. Also included are programs that provide incentives for the development or expansion of tourist facilities, usually cultural or historic sites, areas of scenic beauty or distinctive natural phenomena, theme parks, amusement parks, venues for theatrical or music productions, botanical gardens, and cultural and educational centers.

Federal Programs Related to - Community Economic Development

Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses.

Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones

Federal Programs Related to - Business Recruitment & Attraction

Programs provide any of a wide variety of incentives to encourage new businesses and industries to locate in a particular community, to provide development and expansion opportunities for existing businesses, and to discourage existing businesses from leaving the area and relocating elsewhere.

Attraction of Business; Business Recruitment; Empowerment Zones; Enterprise Zones; Industrial Park Development; Media Production Liaison Services




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