New Mexico Economic Development Department
The New Mexico Economic Development Department is dedicated to fostering economic growth in the state by implementing various programs designed to support and enhance business development. Through these initiatives, the department aims to create a favorable environment for new and existing businesses, thereby boosting job creation and overall economic vitality. The department's focus includes promoting investment opportunities and providing resources to help entrepreneurs navigate the challenges of starting and expanding their enterprises. By facilitating collaboration among stakeholders, the New Mexico Economic Development Department plays a crucial role in strengthening the state's economy and ensuring sustainable development.
Past deals in Albuquerque, NM
Vibrant Corporation
Grant in 2023
Vibrant Corporation is a specialized provider of process compensated resonance testing (PCRT) services, primarily serving the aerospace and power generation industries, as well as materials laboratories. The company offers a range of PCRT services that include defect detection, process control, life monitoring, and material property characterization. Vibrant also manufactures PCRT testing equipment and supplies inspection tools for the automotive sector. Its technology facilitates non-destructive testing to assess structural integrity, thereby enabling quality assurance for component manufacturers and supporting maintenance, repair, and overhaul organizations in identifying critical defects such as cracks and fatigue. Founded in 1991, Vibrant Corporation is headquartered in Albuquerque, New Mexico, with additional facilities located in Germany.
Circular Genomics
Grant in 2023
Founded in 2021, Circular Genomics specializes in harnessing circular RNA as innovative biomarkers for precision medicine. The company focuses on improving diagnosis and treatment of neurological and psychiatric conditions by offering evidence-based diagnostic assays.
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