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City of Albuquerque: More competitive than ever

Jun 07, 2016

With its low cost of doing business, skilled workforce, low-risk location and attractive quality of life, it’s easy to see why companies such as Canon Information Technology Services have chosen to locate in Albuquerque, New Mexico.

Canon’s investment in Albuquerque is yielding opportunities beyond its daily business activities such as promoting the city as a world-class destination for travel and leisure. The Japanese company is also the sponsor of the Albuquerque International Balloon Fiesta, one of the most photographed events in the world.

A view of downtown Albuquerque. Credit: City of Albuquerque

That is just one example of why Albuquerque is an attractive location for foreign direct investment from countries such as Japan.

“Give us the opportunity, come to Albuquerque and let us show you what we have,” said Mayor Richard J. Berry.

Albuquerque Economic Development, Inc. President Gary Tonjes adds: “Investors, especially high-tech businesses and manufacturing operations, find Albuquerque appealing because of the state’s available workforce, competitive incentives and attractive business environment.”

In addition to its appeal among businesses and tourists, Albuquerque is among the preferred cities in the country for entrepreneurs. The downtown district, known as Innovation Central, has attracted many innovators and startups.

The area offers frequent activities for entrepreneurs and educational business programs, office spaces, residential lofts, street art, microbreweries, cafes and nightlife venues.

Innovation Central is a walkable, urban setting that embraces quirkiness, inspires ingenuity and encourages collaboration.

Albuquerque serves as a model for other vanguard cities seeking to establish an innovative economy that creates jobs, empowers its residents, attracts outside business and wows visitors.

“New Mexico is a breath of fresh air for people. It’s something different that they haven’t really seen before,” said Visit Albuquerque President and CEO Tania Armenta.

Southwest USA 2016 was prepared for and originally printed in The Japan Times Newspaper.

PDF of the printed report

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