Albuquerque Journal (Albuquerque, NM)

State May Invest in Firms.(Final)

Byline: Journal Staff Report

* Richardson praises proposed injection of $29 million into 3 N.M. companies

SANTA FE -- Gov. Bill Richardson on Thursday praised a proposed state investment of $29 million in three New Mexico companies, which he said would lead to the creation of more than 1,600 new jobs.

"Today is the first big step forward in seeing New Mexico actively invest in itself," Richardson said at a news conference in his Cabinet room.

Richardson said he hopes the proposed investments -- $15 million in Mesa Semiconductors; $10 million in Eclipse Aviation; and $4 million in PowerWAN -- will result in 300 new jobs at Mesa, 1,300 new jobs at Eclipse and 15 new jobs at PowerWAN. …

Log in to your account to read this article – and millions more.