2025 Annual Q4 Report_ interactive layout

ANNUAL REPORT 2025

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YEAR IN REVIEW CHAD MATHESON, CECD Interim President & CEO Albuquerque Regional Economic Alliance In 2025, the Albuquerque Regional Economic Alliance advanced through a pivotal year of AREA 1.0 with strong momentum, translating years of foundational work into measurable progress for the greater Albuquerque region. The year was defined by landmark project wins in aerospace, defense, and next-generation energy, alongside continued gains in site readiness, workforce alignment, and regional collaboration.

Over the year, AREA strengthened partnerships with local governments, higher education, workforce leaders, and the private sector to better align talent pipelines with industry demand, while sharpening a clear, data-driven narrative focused on good jobs, innovation, and long-term competitiveness. As the organization moves toward the final year of AREA 1.0 in 2026, 2025 served as a bridge year, reinforcing execution today while intentionally setting the stage for even greater impact in the years ahead.

DON TARRY President & CEO, PNM 2025 Chair, AREA Board of Directors In 2025, the Albuquerque Regional Economic Alliance continued to advance the priorities of the AREA 1.0 Strategic Plan with focus and momentum. Building on ambitious initiatives launched in prior years, the organization made measurable progress across economic growth enablers including site readiness, downtown revitalization, and talent attraction and retention. These efforts require sustained commitment and coordination, and AREA is meeting that challenge with increasing effectiveness.

I thank AREA’s investors, partners, and staff for their continued leadership and engagement, and I am grateful to our Board of Directors, both returning and new members, for their service.

Together, we are positioning the region well as we move forward and prepare for the final year of AREA 1.0.

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2025 GOALS & METRICS Monitoring impact aligned with the AREA 1.0 strategic plan is essential for effective economic development.

Doing so helps assess whether actions lead to positive changes in economic indicators. AREA utilizes a custom-built analysis tool to measure and report annual outcomes from projects where it had a significant impact.

$1.06 B Total Economic Impact

$1.12 B

$16 M

$57 M

Total New Capital Investment

Local Fiscal Impact

Total New Payroll

85

10

New Projects to Pipeline

Business Retention Visits Converted to Projects

AREA’S estimated regional return on investment for 2025

141:1

2025 Metrics Tracking GOALS

TARGET

RESULTS

% OF GOAL

Overall ROI to the Region

100:1

141:1

141%

Direct Jobs Created or Retained

1,500

620

41%

Induced Jobs Created

2,235

530

24%

Total New Capital Investment

$175m

$1.12 b

640%

Total Direct Annual Payroll

$93m

$57.3 m

62%

Direct Local Fiscal Impact

$19m

$16 m

84%

Total Economic Impact

$600m

$1.06 b

176%

New Leads Generated or Qualified

150

98

65%

New Projects to Pipeline

50

85

170%

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GOAL 1: ESTABLISH NATIONAL IDENTITY AS A LEADING LOCATION FOR BUSINESS Build the national profile of the greater Albuquerque region by strategically marketing the area’s advantages as a business location; aggressively pursue high impact business investors and aid their entrance into the region; build strength through diversity of industries.

2025 OUTCOMES

85 New Projects Added to Pipeline

7 KRQE Morning Show Visits

3 National Wire Releases

1. Market the Region to Recruit Growth Businesses Site Selector & Consultant Engagement (Q1–Q3): Site Selectors Guild Winter Summit, Consultant Connect (Dallas & Chicago) Engagements with national and global site selection consultants reinforced the region’s competitiveness while surfacing consistent themes around power availability, development-ready sites, industrial scalability, automation, AI-driven workforce shifts, and longer project timelines.

Industry & Sector-Focused Conferences (Q2): Space Symposium, BIO International Convention AREA advanced New Mexico’s positioning in aerospace, space, bioscience, and life sciences through coordinated statewide representation, generating significant industry connections and multiple qualified leads while highlighting innovation assets, including national defense capabilities and research infrastructure.

Economic Development Leadership & Policy Forums (Q3): IEDC Annual Conference, Governor’s Conference on Economic Development Participation in national and statewide leadership forums emphasized data-driven economic development, infrastructure site readiness, workforce development, and cross-community collaboration, while elevating AREA’s role in shaping the profession and statewide strategy.

2. Supporting Existing Business Retention & Expansion AREA’s BRE program demonstrated a 35% increase of company visits in comparison to 2024. Visited companies covered all six focus industry sectors and sustained consistent engagement throughout the year.

BRE Contributes to Pipeline Growth and Near-Term Expansion - Ten companies visited converted into active pipeline projects, with 42% indicating expansion plans within the next 12 - 24 months.

Workforce and Talent Alignment - Employer feedback drove referral connections with workforce partners specifically targeted to support hiring, training, and retention. Wage analysis requests were provided to multiple employers informing their talent recruitment and retention strategies.

Small Business Capacity Building - AREA expanded small business support through a successful multi-part webinar series, with additional offerings developed in response to demand.

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2025 ANNOUNCEMENTS MANTIS SPACE In December, Mantis Space, a startup building the first power grid in space, selected Albuquerque for its headquarters and R&D manufacturing hub. The project is expected to create over 200 high-wage jobs and generate more than $480 million in economic impact over the next decade. The company chose Albuquerque after a competitive national search due to its talent pool, quality of life, proximity to customers, and strong state and local incentives.

PACIFIC FUSION In September, Pacific Fusion announced a $1 billion research and manufacturing campus at Mesa del Sol in Albuquerque, marking a major clean energy investment in New Mexico. The project will create hundreds of jobs, support construction activity, and position the state as a leader in advanced fusion technology.

Backed by $900M+ in private capital and supported by performance-based state incentives, the facility will house the company’s demonstration system aiming for net energy gain by 2030. The initiative builds on New Mexico’s scientific assets and is expected to spur supply chain growth and broader economic benefits, though the ambitious timeline and technical challenges of fusion remain significant CASTELION Castelion, a defense technology company, has selected Sandoval County, New Mexico, for Project Ranger — a 1,000-acre solid rocket motor manufacturing campus.

The project will create 300+ high-paying jobs, generate $650M in economic output, and involve over $100M in investment during its first four years.

Castelion chose New Mexico for its talent base, infrastructure, and long history of scientific innovation.

The facility will support scalable production of advanced long-range and hypersonic systems, strengthening U.S. defense capabilities.

The decision followed strong collaboration among Sandoval County, Rio Rancho, AREA, SEA, and state and federal leaders. Officials at every level praised the project as a major win for New Mexico’s innovation economy, workforce, and national security role.

Construction is expected to begin in early 2026.

REDWIRE In September, Redwire, a global leader in space and defense technology solutions, announced it has opened a new rapid capabilities facility in Albuquerque, New Mexico to advance the development of space-based defense systems.

This new 15,000 square-foot facility is Redwire’s latest investment in the Albuquerque region, with the company maintaining a long-standing footprint in the area as a key partner for Air Force Research Laboratory (AFRL). Redwire’s new facility, better known as Firestone Rapid Capabilities Facility (FRCF), will support a wide range of capabilities for space, missile defense, and other emerging warfighting domains.

QUANTINUUM In 2025, Quantinuum, announced plans to open a new location in New Mexico. This site will support ongoing collaborative efforts to advance the photonics technologies critical to furthering Quantinuum’s product development.

Photonics, the science and technology of light, is essential to the advancement of Quantinuum’s trapped ion quantum computing technologies, which use light to control and manipulate qubits.

During the IEEE Quantum Conference, Quantinuum hosted an open house, showcasing their new center of excellence in quantum computing.

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“New Mexico is a natural fit for this project. The Z Machine at Sandia National Laboratories helped lay the foundation for our approach, and the state’s legacy of applied physics innovation, deep talent pool, and business-friendly environment put it in a unique position to become a national leader in fusion energy innovation.”

- Keith LeChien, Cofounder and Chief Technology Officer, Pacific Fusion

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Total Visits Conducted

95%

Economic Base Companies

10

42%

Were converted to an active project

Indicated expansion potential in 36 months

Local Companies Visited in 2025: Eclipse Aerospace Array Technologies, Raven Defense Breezy Med Gridworks Hartigan Casting Flow Aluminum Torc Robotics Bueno Foods Robocasting Enterprises Vara Winery & Distillery Katharsis Media Turquoise Skies Southwest Countertops & Cabinetry

Directed Energy Consultants Indica Labs Commercial Door Manufacturing Nilson Advertising I-Pulse Opti-Pulse Goodmans Interiors Morrison Outdoors Aqua Membranes Aqua Research CDS Lighting Studio IDEAS Tek Wall Colmonoy

Crumbacher Business Systems Redwire Space Advanced Communications & Electronics NGage Strategic Capital Sandia National Laboratories Hoonify Technologies Express Wages Valkyrie Machining Spring Oaks Capital YEEO Safe The Boeing Company AMTP Party Outlaw

Accurate Machine Tool ProofLabs SuperAire Technologies Soil Secrets QueLab TriCore Reference Laboratories Vitality Works Passages International Niagara Bottling Knight Scientific Mindset Integrated Genuen

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2025 BIO INTERNATIONAL The Albuquerque Regional Economic Alliance (AREA) led New Mexico’s statewide delegation at the 2025 BIO International Convention in Boston from June 16-19, 2025, making over 470 strategic connections with bioscience companies, venture capital firms, and innovation partners. The team identified eight qualified leads for potential bioscience investment and expansion opportunities in New Mexico.

This effort was supported by key partners including the New Mexico Economic Development Department, the New Mexico Bioscience Authority, the University of New Mexico Health Sciences Center and many others, demonstrating the strength of New Mexico’s collaborative bioscience ecosystem.

Danielle interviews Marcos A. Gonzales

New Mexico continues to position itself as a competitive and growing hub for bioscience innovation, supported by strong research assets, workforce pipelines, and a favorable business climate. Learn more: https://www.abq.org/bio.

AREA IN THE NEWS (2025 HIGHLIGHTS)

February:

Albuquerque Regional Economic Alliance’s Chad Matheson Recognized with Economic Developer of the Year Award

May:

AREA Short Documentary Highlights the Region’s Economic History and Future Opportunities

June:

Albuquerque Regional Economic Alliance and Spaceport America Join Forces Through a Collaborative MOU New Mexico Delegation to Promote the State’s Bioscience Industry at BIO International Convention in Boston

July:

Pacific Fusion pursues locating $1B research facility in Albuquerque

August:

New Mexico is Candidate for Cutting-Edge Hypersonic Rocket Motor Facility Certified for Success: AREA Interim President & CEO Chad Matheson Earns CEcD, Strengthening Mission for Regional Growth

December:

Space Infrastructure Startup Mantis Space Selects Albuquerque for Headquarters and Manufacturing Hub

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GOAL 2: ATTRACT, RETAIN, AND ALIGN TALENT Convene key partners throughout the region, identify talent gaps and implement and catalyze talent attraction and retention solutions; improve connections between the jobs we do have with the talent we have.

2025 OUTCOMES Rylie Lodes,Optical Engineer Boeing - Albuquerque

178 Downloads of Talent Profile

67%

Social Media Engagement Impressions (Linked In, Facebook, Instagram, Youtube)

Relocated to Albuquerque for work (click here for full video)

$11M JTIP Awards to AREA Companies

1. Promote the Region to Attract & Retain Talent In 2025, we launched 8 targeted Linked In Ad campaigns spanning various sectors. Location with the most clicks on ads was the California Metro Area; the average CTR was .56% and the top industry that clicked the most was Technology, Information and Internet.

In collaboration with New Mexio Economic Development Department, AREA produced 8 testimonials from employees who had relocated to the region for work. Employees were named by each company via the JTIP program. See an example above. These testimonials have been shared on social media and will be used in future targeted marketing campaigns.

2. Identity Gaps & Forecast Needs In 2025, AREA enhanced its role as a regional intelligence hub by implementing a coordinated, data-driven strategy to identify workforce gaps and forecast talent needs. The Talent Insights Advisory Council aligned education, workforce, and economic development partners on data priorities and industry demand. AREA provided labor market presentations and collaborated with United Way and Albuquerque Public Schools to inform the Academies of Albuquerque model, aligning career pathways with employer needs. Additional efforts included talent pipeline analyses, employer mapping, and an alumni retention study, improving workforce visibility and supporting responsive education and training strategies for long-term competitiveness.

3. Support Regional Talent Development In 2025, AREA enhanced regional talent development by connecting employers, education providers, and workforce partners, securing over $11 million in training awards through collaboration with the New Mexico Economic Development Department. AREA engaged in employer meetings, education committees, and youth initiatives to align training resources with real-world skills and raise awareness of career opportunities, ensuring workforce development investments matched employer demand and supported regional competitiveness.

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CBRE/ AREA TALENT PROFILE & NAI SUNVISTA INDUSTRY REPORT

Click image to access full interactive report

AREA released its 2025 Greater Albuquerque Talent & Industry Profile (with CBRE) and the Industrial Market Profile (with NAI SunVista), two annual reports highlighting the region’s workforce, sites, and economic competitiveness. The CBRE report showcases talent, education, incentives, cost of living, quality of life, and growth industries, and includes testimonial videos from companies like Pajarito Powder and Sandia National Labs. It has earned multiple national and state excellence awards. Key findings show a young, diverse, and highly educated workforce; a bilingual population twice the national average; rising college enrollment; strong concentrations in R&D, semiconductors, and electrical equipment manufacturing; low costs of living and doing business; and increasing homeownership.

The NAI SunVista Industrial Market Profile analyzes commercial real estate trends and benchmarks operational costs against peer metros, highlighting growth in semiconductors, clean energy, aerospace, and advanced manufacturing. The report projects more than 10% job growth over the next decade, a 287% increase in warehousing and storage over five years, and significant gains in semiconductor, industrial machinery, and aerospace manufacturing jobs. Together, the reports position Greater Albuquerque as a competitive, affordable, and strategically located hub for advanced industries and future growth.

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CELEBRATING 65 YEARS

Our Annual Dinner & 505 Awards event proved to be one of our best ever! We had an unforgettable evening celebrating 65 years of economic development and looking ahead to the bright future of greater Albuquerque. We also honored this year’s extraordinary 505 Award recipients and reflected on how it all started with the Founder of AREA : Gene Hinkle. Formerly known as Albuquerque Industrial Development Service, Inc. (AIDS), then Albuquerque Economic Development, Inc. (AED), Albuquerque Regional Economic Alliance (AREA) has been a key player in the greater Albuquerque business community since 1960.

Founded by Gene Hinkle and local business leaders, it was created as a standalone economic development organization to focus fully on attracting and growing business to the region. Early funding included $75,000 annual pledges for five years and a successful capital campaign raising $1.3 million from 1967–1970.

Land donations and strategic real estate transactions further contributed to AREA's financial stability and growth. This would not have happened without Gene!

Check out photos & award info from the night here:

Pre-recorded tribute to to Gene by Holly Huddle, who previously worked with Gene.

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GOAL 3: BREAK DOWN BARRIERS TO REGIONAL COMPETITIVENESS AREA will work to bring together the regional network of economic development professionals for the benefit of the region, promote the expansion of infrastructure, and support solutions to challenges affecting the business climate.

2025 OUTCOMES

8 Active Broker Office MOU’s

5 Active Advisory Councils

9 Trade Shows & Conferences Attended

1. Collaborate with Regional Partners In 2025, AREA strengthened regional collaboration by convening public, private, and nonprofit partners around shared priorities that impact long-term competitiveness. AREA facilitated regular engagement through advisory councils, governance meetings, and on-site convenings that connected local governments, utilities, workforce partners, and industry leaders around infrastructure readiness, talent alignment, and economic development strategy. Notably, AREA expanded its regional footprint by welcoming new public-sector partners and hosting cross-jurisdictional meetings in collaboration with county and municipal leaders, reinforcing a truly regional approach to economic growth. These efforts improved coordination across agencies, elevated shared understanding of site selection and infrastructure requirements, and positioned the region to respond more effectively to complex investment opportunities that span multiple communities.

2. Foster A Strong Business Climate In 2025, Albuquerque Regional Economic Alliance played an active role in strengthening the regional business climate by advancing policies, partnerships, and education that reduce barriers to investment and expansion. AREA provided data, analysis, and subject-matter expertise to inform state and local decision-making on critical issues including site readiness, utility infrastructure, financing tools, and regulatory alignment. The organization engaged regularly with elected officials, utilities, and economic development partners to elevate the importance of development-ready sites, grid preparedness, and coordinated infrastructure planning. Through testimony, advisory participation, and direct engagement with policymakers and business leaders, AREA helped foster a more predictable, competitive environment that supports business confidence and long-term economic growth across the region.

3. Drive Development of Needed Commercial Space In 2025, AREA advanced the development of needed commercial and industrial space by championing site readiness as a core strategy for economic competitiveness. AREA worked closely with developers, brokers, landowners, utilities, and local governments to coordinate site evaluations, standardize technical data, and prepare properties to meet national site selector expectations. Through participation in the Global Location Strategy Site Readiness initiative, AREA helped position multiple regional sites for greater national visibility and identified infrastructure gaps in power, water, transportation, and land use.

These efforts strengthened local capacity and improved coordination across jurisdictions, and laid the groundwork for future pad-ready and speculative development. As a result, the region is better prepared to compete for large-scale investment opportunities as they arise.

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AREA Leads Site Readiness Strategy AREA LEADS SITE READINESS STRATEGY Forum...and agrees with Legislativelegistlation Support More than 36 U.S. states and regions now have site readiness programs that invest in land analysis, infrastructure, and predevelopment, reflecting a growing national emphasis on development-ready sites. In fact, 82% of site selectors rank site readiness as the top location driver for industrial projects in 2024. In response, AREA’s Competitiveness Advisory Council, in partnership with New Mexico IDEA and the New Mexico Economic Development Department, convened an August stakeholder session where public, private, and regulatory leaders underscored the importance of proactive site preparation to strengthen New Mexico’s competitiveness, support job creation, and enable long-term economic growth.

9 Sites Completed in for the Site Readiness Program

In 2025, Governor Michelle Lujan Grisham has signed four impactful pieces of legislation - aligned with significant funding appropriation - to support economic development in New Mexico: Senate Bill 169 – Strategic Economic Development Site Readiness which creates a dedicated funding mechanism and a structured process for identifying and preparing strategic economic development sites across New Mexico.

Senate Bill 170 – NMFA Definitions, Funds & Rates which enables the New Mexico Finance Authority to offer low-interest loans to rural electric cooperatives for infrastructure deployment and streamlines regulatory processes for utilities to pre-deploy infrastructure to certified sites.

House Bill 19 – Trade Ports Development Act establishes trade port districts and create the Trade Ports Advisory Committee. It facilitates public-private partnerships to develop trade ports and creates the Trade Ports Development Fund to provide grants and loans supporting infrastructure and economic expansion.

House Bill 20 – Technology & Innovation Division creates the technology and innovation division within the economic development department and enacts a related funding act, providing for match funding for certain projects and creating the technology innovation prize.

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2025 COMMUNITY ENGAGEMENT/ EXTERNAL MARKET OUTREACH RECAP ANNUAL RETREAT FOR AREA’S ED PROS On August 28, 2025, AREA’s Economic Development Professional Retreat convened regional partners for a collaborative discussion on aligning economic development strategies across counties. Representatives from NM EDD, Valencia and Sandoval Counties, AREA staff, and community partners shared updates and initiatives, with special thanks to the Los Lunas Fire Department, Victoria Archuleta, and Meta for their support and facility tours.

FAM TOURS

SPEAKING ENGAGEMENTS IEDC Conference PACA NewSpace Showspace Summit NMexus GAAR Annual Meeting ACEC SMPS Construction Specifications Institute QUARTERLY EVENTS AREA hosted two key events advancing downtown Albuquerque revitalization: the March 2023 kickoff that brought regional partners, civic leaders, and business stakeholders together to launch a collaborative effort to reimagine downtown, and the April 3, 2025 Spring Quarterly Investors Luncheon, which built on that momentum. The 2025 event focused on next steps for revitalization, featuring a keynote from Brad Segal of Progressive Urban Management Associates on the potential formation and benefits of a downtown Business Improvement District, along with insights from Mayor Tim Keller, AREA leadership, city council, and design partners. Together, the events underscored sustained public-private collaboration, shared vision, and strategic investment as drivers of downtown’s long-term economic and social growth.

In 2025, AREA hosted both spring and fall multi-day site consultant familiarization tours, welcoming nine national site selection consultants to experience greater Albuquerque firsthand. The visits showcased key development sites, advanced industries, infrastructure, and talent assets, while facilitating direct engagement with business, education, and civic leaders. Feedback from consultants highlighted the region’s strong momentum and competitiveness in sectors such as aerospace and defense, renewable energy, and technology, reinforcing greater Albuquerque’s positive outlook heading into 2026.

AREA AND SPACEPORT SIGN MOU The Albuquerque Regional Economic Alliance (AREA) and Spaceport America signed a Memorandum of Understanding on June 13, 2025, establishing a strategic partnership to boost New Mexico’s leadership in the commercial space industry. This collaboration aims to drive job creation, capital investment, and economic development in the greater Albuquerque region and beyond. By combining AREA’s economic expertise with Spaceport America’s unique infrastructure and success in aerospace innovation, the alliance will support growth in research, development, manufacturing, and high-tech services. Joint efforts will focus on marketing, business development, and supportive policy to expand the region’s role in the rapidly growing space sector.

REGIONAL PARTNERSHIPS Los Lunas Corridor Groundbreaking Project Ranger Convening in Rio Rancho Torrance County Added to AREA Public Sectors Economic Development Professionals Retreat

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ADVANCING ADVISORY COUNCILS As a key component of the AREA 1.0 Strategic Plan, AREA’s Advisory Councils help to guide its strategic initiatives through guidance and advocacy related to specific industry clusters and regional government entities.

Created in 2022, these advisories are designed to offer guidance to AREA on strategic initiatives, and act as advocates for industry and subject matter experts, driving new initiatives for the organization. Participants include government leaders, AREA investors, and community partners

ECONOMIC DEVELOPMENT PROFESSIONALS ADVISORY COUNCIL The Albuquerque Regional Economic Alliance’s Economic Development Professionals Advisory Council is a collaborative group of economic development professionals representing communities within and adjacent to the greater Albuquerque metro area. The Chair of the Economic Development Professionals Advisory Council will be elected by its members annually and submitted for recommendation to the AREA Board of Directors for a oneyear appointment to the AREA Board.

COMPETITIVENESS ADVISORY COUNCIL Focusing on key site selection issues such as access to talent cost of labor, and availability of commercial property and site readiness. Made up of regional leaders with unique expertise for delivering competitiveness recommendations, but also the drive and capacity needed to put them into action.

TALENT INSIGHTS ADVISORY COUNCIL Focusing on new innovation industries and utilizing data from the strategic plan, this council will serve as a regional convenor to unify and empower the regional workforce development ecosystem by fostering collaboration between education, industry, and government. Informed by data and energized by inclusion, the advisory is committed to identifying cross-sector partnerships and utilize complex data sets with the intent to build a resilient and adaptable workforce that meets the demands of today and designing it to serve the needs and challenges of tomorrow.

BIOSCIENCES & HEALTHCARE ADVISORY COUNCIL Focusing on bioscience cluster industries, this council will work to identify top potential firms for attraction and growth for the market, coordinate with regional and state entities for out of market promotion at key trade shows, and address obstacles such as talent pipeline and other industry needs.

PUBLIC SECTOR ADVISORY COUNCIL The Albuquerque Regional Economic Alliance’s Public Sector Advisory Council is a collaborative group of highest level local government elected leaders or their designees representing communities within and adjacent to the greater Albuquerque metro area. The Chair of the Public Sector Advisory Council will be elected by its members annually and submitted for recommendation to the AREA Board of Directors for a one-year appointment to the AREA Board.

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RECOGNITION, CERTIFICATIONS & HONORS CHAD MATHESON NAMED ECONOMIC DEVELOPER OF THE YEAR At the NM IDEA Winter Meeting on February 10, 2025, Chad was recognized for his leadership in securing Ebon Solar’s $900+ million investment and 900-job solar manufacturing facility in greater Albuquerque. Matheson led AREA’s business development efforts throughout the competitive, nationwide site selection process. The honor reflects both his individual leadership and the collaborative work of regional and state economic development partners.

CHAD MATHESON EARNS CECD CERTIFICATION Chad Matheson, Interim President & CEO of AREA, earned the Certified Economic Developer (CEcD) credential from the International Economic Development Council, a prestigious designation recognizing excellence and expertise in the field. Since joining AREA in 2022, Matheson has played a key role in advancing the organization’s strategic initiatives, with the CEcD credential underscoring his leadership, technical knowledge, and commitment to driving meaningful economic progress.

AREA BOARD WINS BEST BOARD AWARD Congratulations to AREA's incredible Board for receiving the Best Board Award from Albuquerque Business First as part of their "Philanthropy Summit & Awards" being held on April 10, 2025.

The event will feature an insightful panel discussion on philanthropy in New Mexico, followed by lunch and the recognition of the Garrett Thornburg Philanthropist of the Year, along with our 2025 Philanthropy honorees.

AREA WINS AWARD AT GOVERNOR’S CONFERENCE AREA and its partners were honored with the New Mexico IDEA Marketing Program Award for the collaborative Comcast NM video “The Evolution and Future Path of Albuquerque’s Economy,” recognized at the Governor’s Conference in September.

The award celebrates impactful marketing efforts that promote local and regional economic development, with thanks to Comcast’s Creative Services team, partners, and AREA staff who brought the project to life.

Haven't seen the video? Click here.

AREA WINS AWARD FOR TALENT & INDUSTRY REPORT The C2ER + LMI Institute awards recognize innovative, data-driven research that advances community, economic, and workforce development. AREA and CBRE Albuquerque received the 2024 Business Development Award for their Talent & Industry Profile Report, honoring its impact on business growth and regional workforce development.

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AREA 2025 BOARD OFFICERS

Don Tarry Chair of the Board Public Service Company of New Mexico (PNM)

Josh Parson Incoming Chair-Elect Sandia National Laboratories

Cynthia Schultz Immediate Past Chair Bradbury Stamm

Celina Bussey Secretary Deloitte Consulting LLP

Teresa Costantinidis Treasurer University of New Mexico

Chad Matheson Interim President & CEO AREA

PUBLIC SECTOR PARTNERS

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AREA 2025 BOARD OF DIRECTORS Hank Andrews Verus Research

Joanie Griffin Sunny505

Lori Anne McBride Manpower of New Mexico

Kyle Beasley Bank of Albuquerque

Zach Gruen HB Construction

Margaret Meister Modrall Sperling

Brian Brown Presbyterian Healthcare Services

Debbie Harms NAI SunVista

Roxanna Meyers Century Sign Builders

Kurt Browning Titan Development Phil Campagna Yearout Mechanical Jim Chynoweth CBRE Inc. Albuquerque Michelle Dearholt Nusenda Credit Union Robin Divine TriCore Reference Laboratories Joe Farr Duke City Commercial

Frank Gallegos Intel Corporation Benjamin Gardner Dekker Jeff Garrett Garrett Development Corporation Marcos Gonzales Bernalillo County

Tracy Hartzler CNM Justin Horwitz Rodey Law Firm Ruth Huning-Gonzales Huning, LLC Shad James Jaynes Corporation Wayne Johnson Sandoval County Mayor Tim Keller City of Albuquerque Leean Kravitz Fidelity Investments Pepper Lang Albuquerque Publishing Co.

Councilor Cruz Munoz Village of Los Lunas Rebecca Napier UNM Health Sciences Robert Nelson KPMG Ryan Shell New Mexico Gas Company Ryan Swinney GAAR Janice Torrez BlueCross BlueShield of NM Eric Weinstein Hub International Cliff Wilson Lovelace Health System

Adam Leyba Klinger Constructors, LLC Dan Long Gridworks. Inc.

Learn more about our Board Members:

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AREA 2025 CONTRIBUTORS GOLD

DIAMOND

PLATINUM

Albuquerque Publishing Company Bank of Albuquerque Blue Cross Blue Shield of NM Bradbury Stamm Construction ExxonMobil FRENCH Funerals & Cremations Gridworks Heritage Real Estate Company Huning, LLC Intel Jaynes Construction NAI SunVista New Mexico Gas Company Nusenda Credit Union Presbyterian Health Services Summit Electric Supply Co. US. Bank

SILVER

Aon Bohannan Huston CBRE Inc. Albuquerque Dekker Garrett Development Corporation Klinger Constructors, LLC KPMG LLP Lovelace Health System Maestas Development Group Manpower of New Mexico PNC Bank Sandia National Laboratories Titan Development TriCore Reference Laboratories

BRONZE

Albuquerque Academy ARCO Design/Build Central New Mexico Community College (CNM) Century Sign Builders Deloitte Consulting LLP Delta Dental Duke City Commercial LLC Eye Associates of New Mexico FBT Architects Greater Albuquerque Association of REALTORS® HB Construction, Inc. Homewise Hub International JP MorganChase Meta Modrall Sperling Page/ Rodey Law Firm Sunny505 Swire Coca-Cola Terracon UNM Health System Verus Research Yearout Mechanical, LLC

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AREA 2025 CONTRIBUTORS ADVOCATE 3D Glass Solutions Acme Iron and Metal Inc. Adelante Enterprises Albuquerque Business First Albuquerque Community Foundation Allen Sigmon Real Estate Group Alvarado Realty Amazon ARGUS Investment Realty ARI Graphix & Signs Atmosphere Commercial Interiors Betty’s Bath & Day Spa BNSF Railway BRYCON Corporation Carlo, Inc. Century Bank Chalmers Ford Chevron U.S.A Inc. Colliers International Albuquerque Crowne Plaza Albuquerque Doc Savage Supply Durans Central Pharmacy Emera Corporation Enterprise Bank & Trust Enterprise Builders Corp.

Fidelity Investments Gap, Inc. Geltmore, LLC General Mills, Inc

Goodman Realty Group Peacock Law P.C. Goodmans Interior Structures Peoples Flower Shops Goodwill Industries of New Premier Distributing Company Mexico Reelz Channel Hartman + Majewski Design Rio Grande Educational Group Collaborative Heritage Home Healthcare & RS21 Hospice Sandia Peak Tram Company Hillcrest Bank Sandia Science and Technology Huitt-Zollars, Inc. Indian Pueblo Cultural Center Park Development Corporation Segra JB Henderson Construction Sunflower Bank First National Jennings Haug Keleher 1870 McLeod, P.A. Sunward Johnson Commercial Real The Edward Group Estate TLC Company Inc. Kansas City National Security United Way of Central New Campus (managed by Mexico Honeywell FM&T) UNM Career Services Kaufman Fire Protection UNM Anderson School of Systems, Inc. Management Executive and KRQE-TV Professional Education Center Liz Lopez Photography US Eagle Federal Credit Union Los Poblanos Historic Inn & Vexus Fiber Organic Farm W.K. Kellogg Foundation Main Bank WaFd Bank National Roofing Wells Fargo Bank New Mexico New Mexico Bank & Trust YES Housing Inc. New Mexico MEP New Mexico Mutual View our full online New Mexico Transloading, LLC investor directory: New York Life Insurance Co. Oso Grande Technologies, Inc.

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Learn more about Advisory Councils:

View our full online investor directory:

201 Third St. NW, Suite 1900 Albuquerque, NM 87102 505-705-3777 info@abq.org abq.org | live.abq.org | abqsites.com

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