SANTA FE- State Senator Bill Burt, R-Alamogordo, introduced to the state Senate a small business success story. Emerging Technology Ventures Inc. moved to New Mexico and grew their business due in part to the economic development incentives the state is offering.
Daily News Report
SANTA FE – State Senator Bill Burt, R-Alamogordo, introduced to the state Senate a small business success story. Emerging Technology Ventures Inc. moved to New Mexico and grew their business due in part to the economic development incentives the state is offering.
Burt told the Senate that New Mexico’s economic development programs have been instrumental in supporting the Hudson’s decision to start their ETV business in 2014 and grow it in Alamogordo.
As a member of the Senate Finance Committee, Burt said he will do all he can to ensure the successful economic development programs remain in the budget.“
Jobs are critical for the success of our state,” he said. “We recognize and appreciate the incentive programs the state has been able to use to grow the local small business and to encourage others to locate here. We will do all we can to see that these success stories grow in our state. “
Burt said the Job Training Incentive Program, Rural/High-Wage/Technology Jobs Credits and the New Mexico Small Business Assistance (NMSBA) Program provided a cross-cutting support package to assist the small business in it’s critical start-up and growth stages.
He said ETV has grown to 15 full-time employees and project an additional three new hires in 2017 as a result of the expanded opportunities generated by the NMSBA program.
ETV provides Smart Battery Management Systems for managing battery power for unmanned vehicles and payloads in space.
“It’s such a unique program that supports economic growth in the state and we’ve highlighted it on a national level to the United States Small Business Administration as a model program for support to small businesses,” Cliff Hudson said. “I know that the upcoming legislative session will be a challenging one with the budget shortfalls that must be addressed. I want you (Burt) and the legislature to know the significant impact of the NMSBA program has had on us and other small businesses in the state of New Mexico.”
ETV continues to support STEM and internships in the community for sustainable workforce for not only their company, but also to support the start-up of a new business and the attraction of outside businesses.
From the Alamogordo Daily News, dated Wednesday January 25th, 2017. Click here for the original story.