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Flagship Food Group expands to create 200 new NM jobs

KOB.com Web Staff
August 14, 2017 05:43 PM

ALBUQUERQUE, N.M. – A few hundred new opportunities for anyone looking for a job will soon be coming to Albuquerque, Gov. Susana Martinez announced at a press conference Monday. 

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The Flagship Food Group – the parent company for several brands, including Albuquerque-based 505 Southwestern – plans to invest nearly $3 million into its Duke City facilities. That will lead to the creation of around 200 new jobs with 100 construction jobs. 

"Our New Mexico-based products have helped us to grow internationally, and we look forward to further developing our partnership with the great state of New Mexico," said Flagship Food Group CEO Rob Holland in a statement.

Holland also thanked Martinez for New Mexico's "business-friendly environment" at Monday's announcement. 

Martinez said in the statement that the state is continuing to be competitive with others in the region when it comes to providing the best opportunities for businesses and employees, as well as growth of companies that already call New Mexico home.  

"Results like these mean more jobs for New Mexicans, and give us even more momentum to build on as we keep working to grow and diversify our economy," she said in the statement. 

Flagship Foods Group originally came to New Mexico in 2014, citing the state’s enriched tax environment and improved business friendliness.

According to a press release, 505 Southwestern produces about $70 million in sales, making up roughly 30 percent of the company's profits. 

Credits

KOB.com Web Staff

Copyright 2017 KOB-TV LLC, a Hubbard Broadcasting Company. All rights reserved

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