Albuquerque Journal (Albuquerque, NM)

Sandia Deal to Make Jobs.(Final)

Byline: Aaron Baca Journal Staff Writer

Gov. Bill Richardson, during a visit to Sandia National Laboratories on Wednesday, predicted that a new partnership between Sandia and an Albuquerque investment fund will create up to 2,000 new jobs in New Mexico during the next four years.

The investment fund Zircle, a partnership led by former Sandia scientist Thomas Brennan and entrepreneur Mark Benak, inked its deal with Sandia on Wednesday after weeks of negotiations.

Zircle, which hopes to raise about $50 million in private and state funds for its venture, plans to work with Sandia to identify commercial-ready technologies within the labs that are suited to needs of the corporate world. …

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