Updated: 08/27/2014 5:35 PM |
Created: 08/27/2014 5:23 PM
By: Stuart Dyson, KOB Eyewitness News 4
The Accurate Custom Injection Molding Plant in Los Lunas will add 250 jobs after the family that owns the company decided to keep the plant in-town.
The company has to build a new plant first, and started the process with a groundbreaking Wednesday morning.
The company, which manufactures primarily plastics, chose between keeping its plant in Los Lunas or moving to Amarillo.
"We actually own another facility in Amarillo, a weapons facility, and the city really wooed us to come over, but we decided with New Mexico," said Greg Pluemer, owner of the plant.
A $400,000 industrial revenue bond from the Department of Economic Development helped seal the deal.
"We were able to help with closing fund money and they decided to stay," Jon Barela of the Department of Economic Development said. "It's exactly the kind of business we want here in New Mexico – small, family owned businesses growing here without state."
Despite small job losses in Albuquerque over the past year – the city lost 200 jobs from July of last year to this year – the entire state gained about 4300 jobs over that period.