Regional Economic Development Initiative
The annual REDI Conference was held on September 21, 2017 and featured the theme “Navigating Our Economic Future” was the theme, and we were pleased to welcome Congressman Ben Ray Luján and Congresswoman Michelle Lujan Grisham as our guest speakers. Thank you to all who participated. Read a recap of the event here by the Los Alamos Daily Post.
Northern New Mexico has always been on the cutting edge of innovation. Home to the earliest green buildings and sustainable communities, and a center for creativity and the arts, it’s no surprise that Northern New Mexico is revolutionizing the way we work. Whether you’re an entrepreneur, free agent, small company or corporation, you’ll be inspired by the rugged independence, superior quality of life, and network of like-minded people who await you in Northern New Mexico. Let us connect you with one of our communities, professional groups or concierge partners and find out more about Northern New Mexico today!
The REDI Strategic Plan, completed in 2008, is a long-term, 25-year plan for economic development in the region. Now five years in, we have made significant progress in implementing aspects of the plan including a $74 million REDINet regional broadband initiative, Economic Development Services, Cluster Strategies, and a Public-Private Partnership to sustain the effort.
The History of REDI
In 2007, Los Alamos County launched the “Progress Through Partnering” initiative and charges the Regional Development Corporation with the task of developing a long term regional economic development strategic plan (REDI) with the five main goals listed below.
• Diversify the economy
• Develop a high-quality workforce
• Increase the number of higher paying jobs
• Retain and attract youth and families
• Make rural communities vibrant
Northern NM Economic Clusters
In May 2008, the first regional REDI meeting determines the needs of the region and the strategic focus. REDI identifies and works with Northern New Mexico’s economic clusters, which are geographic concentrations of interconnected companies that work closely with each other. They rely on a common labor pool, use the same infrastructure and local suppliers and access the same educational institutions and other workforce resources.
Current areas of focus include Technology, Media, Value-added Agriculture, Renewable Energy/Green Industries and Outdoor Recreation.
City of Española
Mayor Alice Lucero
Los Alamos County
County Manager Harry Burgess
City of Santa Fe
Mayor Javier Gonzales
Town of Taos
Mayor Daniel Barrone
County Administrator Stephen P. Archuleta
Rio Arriba County
County Manager Thomas Campos
Santa Fe County
County Manager Katherine Miller
San Ildefonso Pueblo
Santa Clara Pueblo
Jicarilla Apache Nation
Institute of American Indian Arts
Northern NM College
Santa Fe Community College
UNM – Taos
Chambers of Commerce/EDOs:
Los Alamos Commerce and Development Corp.
Greater Espanola Valley Chamber of Commerce
Greater Espanola Vally Community Development Corp.
Santa Fe Chamber of Commerce
Taos Chamber of Commerce
Taos County Economic Development Corp.
State and Federal Agencies:
Bureau of Land Management
Governor Susana Martinez’s Office
Lt. Governor John Sanchez’s Office
Mortgage Finance Authority
Museum of NM Foundation
National Nuclear Security Administration
NM Dept of Workforce Solutions
Northern Area Local Workforce Development Board
NM Economic Development Department
NM Film Office
NM Finance Authority
NM Tourism Department
Los Alamos Public Schools
Espanola Public Schools
Pojoaque Valley Schools
Santa Fe Indian Schools
Santa Fe Public Schools
Taos Public Schools
Private Sector Entities:
Holy Cross Hospital
Kit Carson Electric
Los Alamos Medical Center
Los Alamos National Bank
Los Alamos National Laboratory
Presbyterian Espanola Hospital
Santa Fe Incubator
St. Vincent’s Hospital
When you are looking for a new home for your business, what is important to you? Tax incentives? Abundance of land? Affordable, sustainable energy? What about a growing workforce and training incentives for those workers? Northern New Mexico has all of these and more.
Business Relocation Services
NM Partnership (www.nmpartnership.com) is a collaboration with the New Mexico Economic Development Department to offer site selection services free of charge to companies looking to establish themselves here. From real estate searches to help navigating the tax incentives and marketing, NM Partnership will help you find the right place to set up your business.
Starting or Expanding a Business
Below are a number of resources to assist you in navigating what it takes to start a business in New Mexico. The NM Economic Development Department has published a helpful guide for startups, found here.
- Finance New Mexico
- Starting a Business | gonm.biz
- Santa Fe Business Incubator
- NM Small Business Development Center
Job Training Incentive Program (JTIP)
What is the purpose of this project?
REDI is a regional partnership for economic development jointly developed seven northern New Mexico local governments and the eight northern Pueblos. REDI’s geographic area includes Los Alamos, Rio Arriba, Santa Fe and Taos counties. Through a Regional Economic Development Strategic Plan, REDI has identified and implemented concrete economic development projects that are improving the economy and quality of life in the four-county region over the next 25 years.
Who is leading the effort?
The Regional Development Corporation (RDC) is the contractor for the project, and is partnering with the North Central NM Economic Development District (NCNMEDD) and other regional organizations.
What results has the REDI program produced?
Cluster Development Update:
Cluster strategies have been developed to pursue economic development in high paying industries in Technology cluster, Value-added Agriculture, Green Industries, and New Media & Film. These strategies continue to move forward, with advancements made in Technology, Value-added Agriculture and Media.
REDI staff is keenly focused on implementing the recommendations that public sector partner communities and private sector businesses have said are of the highest priority including:
- Regional Broadband (REDINet). REDI provided key support in securing $74 million in federal grants for the REDINet broadband infrastructure, which went live in 2013.
- Business-Friendly Policy. REDI efforts led to the amendment of the Local Economic Development ACT (LEDA) in 2009, allowing local governments to dedicate up to 10% of annual general fund expenditures on economic development projects. It has also worked with local governments in developing local suppliers preferences to help grow our local businesses.
- Economic Development Services, Attraction. REDI has formed strategic alliances with the State’s lead business recruitment agency, the New Mexico Partnership, and the region’s economic driver, Los Alamos National Laboratory. Other partnerships include creating a Certified Communities Cluster for the Rio Arriba and Espanola area and aiding other regional partners to grow the region’s economy.
- Economic Development Services, Creation. REDI invests in the Business Retention & Expansion program of the RDC, and the Northern New Mexico 20/20 Initiative, helping dozens of new businesses each year and highlighting high-growth businesses that are creating jobs and bringing additional revenue to our region.
- State of the Region Summit – REDI Economic Report Card. REDI developed baseline benchmarks to measure the accomplishments of our partnership over the long-term. Each year, a summit is held to track progress and identify goals for the upcoming year.
How does this benefit our regional community?
The public sector benefits from REDI because:
- Economic Regions are right-sized geography.
- REDI is helping the region compete for federal and other grant funds for economic development that no one else is seeking.
- Combined resources enhance national appeal.
- Economic development inputs such as infrastructure, workforce, business support services and public policy require regional solutions and capacities.
- Strategic plan alignment eliminates needless competition and duplication.
- Shared Economic Development services are cost-effective.
- Economic Development investments create new businesses, jobs, and tax revenues.
The private sector benefits from REDI because:
- Economic Development programs protect corporate investments in the region.
- Economic diversification keeps tax rates low.
- Education and workforce programs improve the quality of the labor pool.
- Corporate voice in regional economic development policy and visibility as community-oriented leader.
- REDI provides companies with timely information and valuable contacts.
- Cluster initiatives strengthen competitive advantages.
Who is involved in REDI?
Los Alamos County has signed cooperative agreements with seven county and city governments in the four-county region for Progress through Partnering initiatives. One of these initiatives is the REDI program.
Everyone in the community has a stake in its economic success. In addition to local governments, key stakeholders include economic development and workforce development organizations, chambers of commerce, unions, institutions of higher education, major private sector entities, school districts and federal and state agencies.