New Mexico announces $5 billion investment in manufacturing

URLhttps://sourcenm.com/briefs/new-mexico-announces-5
SourceSource NM
Date Published01/26/2025
Author NameAustin Fisher

Additional Reshoring Information:

Company/Division name BorderPlex Digital Assets
Parent companyBorderPlex Digital Assets
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):1000
Year reshoring announced:2025
Year reshoring implemented or to be implemented:2035
Capital investment ($):231.5
City reshored to:Santa Teresa
State(s) reshored to:NM
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoreddigital infrastructure
What domestic positive factors made reshoring more attractive?Customization/Flexibility, Eco-system synergies, Impact on domestic economy, Infrastructure, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market
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