Northern New Mexico 20/20 Awards Recognize Rio Arriba Business
Fast Ditch, a company out of Vallecitos has been recognized as one of the companies in northern New Mexico with great growth potential. The Northern New Mexico 20/20 Campaign which has a goal of identifying 20 high-growth companies in the region before the year 2020 named Fast Ditch and a small number of other businesses to this growing list. Over the last four years 32 businesses have been recognized for creating jobs and bringing revenue to the region, including seven new members honored in Santa Fe last Thursday.
Congressman Ben Ray Luján was the keynote speaker at the award ceremony at the Hilton Santa Fe Historic Plaza Hotel. Bobbie Ferrell, Constituent Services Representative for U.S. Senator Tom Udall read a letter of support for the campaign from his office.
To qualify, companies must have a proven and developed product or service, two or more customers with 50 percent or more of their revenues coming from outside New Mexico, financial profitability and a solid plan for growth. A range of local elected officials, city and county governments and entrepreneurial support organizations provided the nominations, and each candidate went through a competitive screening process.
“In northern New Mexico, small businesses are the backbone of our rural communities, and it’s important to recognize the job creation they bring to our regional economy,” said Val Alonzo, interim executive director of the Regional Development Corporation. “On average, our 20/20 companies add more than 60 jobs annually and increase revenues and attract additional funding by $10 million.”
This year, seven area businesses were recognized at the awards:
AllTherm/Solar Logic (Santa Fe) – The solar thermal heating systems the company has developed are now in 14 states, and are becoming widely adopted in remote First Nation villages in Alaska. Solar Logic’s systems are remote-controlled, can be retrofitted to any combination of existing heat sources and can operate from waste heat. Solar Logic expects to increase their revenues at an average of 50 percent annually over the next few years.
Fast Ditch (Vallecitos) – Fast Ditch has placed their patented irrigation products all over the world. The company is bringing their equipment in-house and will be building a call center in northern New Mexico, which will bring more jobs to Rio Arriba County. Future growth may include the state’s first injection molding facility, which would bring manufacturing jobs to New Mexico.
Santa Fe Spirits (Santa Fe) – Santa Fe Spirits will double their distillery’s footprint with a warehouse expansion that will be complete mid-2016. The company has grown exponentially, with distribution in eight states as well as Canada, Australia and Germany. The expansion will add new full-time positions to the company’s roster, and Santa Fe Spirits expects to double their workforce within the next few years.
Seamless Medical Systems (Santa Fe) – Seamless Medical is the creator of the Seamless Patient Engagement Platform, an innovation in the medical field that exchanges patient data, verifies insurance and collects payments for health care providers via mobile technology that is currently in use in 28 states. A Venture Acceleration Fund winner in 2013, Seamless Medical received an investment from the California Health Care Foundation and the Kresge Foundation this year to roll out the Seamless platform to safety-net health clinics nationwide.
Taos Herb Company (Taos) – Taos Herb Company uses a percolation extraction method that has been around for centuries, and has developed around 300 products underneath two primary brands. Products are manufactured in Taos and sold via three outlets—the local retail store, business-to-business and online to the rest of the world. Currently employing 23 people, Taos Herbs anticipates adding eight to 10 jobs annually over the next few years.
Taos Mesa Brewing (Taos) – The brewery’s footprint will double in 2016 to keep up with current demand, and new product offerings will be on tap. An effort to grow barley locally is also underway, which will allow Taos Mesa to produce 100 percent locally sourced beer. Next year’s expansion will add 15 to 20 jobs in Taos. Future expansion plans include adding a full production facility that will satisfy regional demand, which will create another 45 jobs.
UBQiD (Los Alamos) – Built on technology licensed from Los Alamos National Laboratory, UBQiD’s quantum dots are low-toxicity and low-cost compared to current market offerings. Growth is anticipated in a number of industries—security inks for currency, personal care products and luminescent solar concentrators for windows. UBQiD will double its workforce next year. UBQiD was also a 2015 Venture Acceleration Fund winner.
The Regional Development Corporation of Española launched the campaign in 2012. Key partners in the Campaign are Los Alamos National Laboratory, Los Alamos National Security, LLC, Los Alamos County, New Mexico Manufacturing Extension Partnership (MEP) and Technology Integration Group (TIG).
For more information on the Northern New Mexico 20/20 Campaign, the partners supporting the initiative and the awardees, please visit www.NNM2020.org.
About the Northern New Mexico 20/20 Campaign
The Regional Development Corporation of Española launched the campaign in 2012, which was created to recognize at least 20 companies who are on track to double their workforce and/or revenues before the year 2020. Key partners in the Campaign are Los Alamos National Laboratory, Los Alamos National Security, LLC, Los Alamos County, New Mexico Manufacturing Extension Partnership (MEP) and Technology Integration Group (TIG). To qualify, companies must have a proven and developed product or service, two or more customers with 50 percent or more of their revenues coming from outside New Mexico, financial profitability and a solid plan for growth. Visit www.NNM2020.org.
About the Regional Development Corporation (RDC)
The Regional Development Corporation is a non-profit economic development organization based in Española, New Mexico with a mission of creating jobs and attracting additional revenue to the northern New Mexico region. Visit www.rdcnm.org.