County moving faster than city to attract companies, BernCo commissioner says

County moving faster than city to attract companies, BernCo commissioner says

On Wednesday morning at the Economic Forum of Albuquerque, Bernalillo County Commissioners Board Chair Debbie O'Malley took a few minutes to toot the county's horn for economic development initiatives.

The county recently helped bring Flagship Food Group, and 300 new manufacturing jobs, to Albuquerque, which was announced Tuesday.

"I think we have to be careful with the taxpayers' money, but a great example of what we do is Flagship Food Group, an exporter of value-added food. And when I heard the CEO speak, he was clear it was our speed and accessibility," she said.

Flagship announced on Tuesday that it will build its U.S. manufacturing and distribution headquarters here. COO Carlos Angulo said the company would not have chosen Albuquerque if the county hadn't given preliminary approval for a $10.25 million industrial revenue bond for the firm.

The city of Albuquerque simply can't move as quickly, O'Malley said, and more companies are looking to Bernalillo County for industrial revenue bonds.

"Not every request gets the go-ahead," she said. "I do think we have to be careful. We have to do more as a community and build what we have."

O'Malley talked briefly about how the county is working with other partners to develop and attract more companies to Bernalillo county.