Local Brewing Company Receives LEDA Funding to Help Fund Expansion and Addition of 105 New Jobs
Governor Martinez and Secretary Barela Announcing Santa Fe Brewery Expansion 9/4/14
Recently Governor Susana Martinez and Cabinet Secretary Jon Barela announced along with a bevy of local officials that Santa Fe Brewing Company will expand its operation, creating 105 new jobs. The state’s oldest and largest craft brewery currently distributes throughout a nine-state region in the southern and western United States, exporting roughly 30 to 40 percent of its product outside of New Mexico. The expansion will increase production ten times and help the company enter new national and international markets.
The New Mexico Economic Development Department will contribute Local Economic Development Act (LEDA) funds.
"We have strategically focused our economic policies to help New Mexico businesses like Santa Fe Brewing Company stay in our state and grow," said Secretary Jon Barela. "Santa Fe Brewing is a wonderful value-added agriculture producer, an industry we are targeting for growth to increase our state's exports so we can diversify our economy and reduce New Mexico's longtime reliance on the federal government."
To learn more about the Local Economic Development Act, other types of financial assistance for New Mexico Companies and how NMEDD’s Finance Development Team can help guide you to the right financing tools click here.
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