Writer: Justin Bannister, 575-646-5981, firstname.lastname@example.org
The U.S. Economic Development Administration has awarded New Mexico State University's Arrowhead Center a $1.5 million grant for infrastructure improvements to the Arrowhead Business and Research Park and to expand the newly created Arrowhead Drive.
The Arrowhead Business and Research Park covers 224 acres at the southern end of NMSU's Las Cruces campus between Interstates 10 and 25. Its goal is to link scientists, technologists and entrepreneurs in developing emerging technologies that contribute to the state's economic development.
"This funding will help the park continue its expansion and aid us in attracting companies seeking to work with NMSU faculty members and students," said Pam Wood, research park director.
The university completed a mile-long extension of Payne Street through the research park earlier this year. This new grant will allow the university to expand that section of road, now named Arrowhead Drive, from two lanes to four. The grant will also allow NMSU to finish the park's wastewater system, to install street lighting and to conduct an engineering study to help better plan for the next stages of development.
The Arrowhead Center won a similar, $900,000 grant from the EDA to help pay for construction on the first part of Arrowhead Drive and its accompanying utilities. Other money for that project came from the state of New Mexico, local road funds, the New Mexico Department of Transportation and NMSU.
"These investments by the Economic Development Administration and other partners are not only making the park more accessible and attractive to new businesses, they're also helping lay the groundwork for a lot of exciting developments yet to come," said Vickie Galindo, Arrowhead's director of business development.
The Arrowhead Business and Research Park's most recently completed building, Spaceplex 2, is home to General Dynamics and opened last summer. The park's next building will be more than 8,000 square feet and broken into smaller, 1,700-square-foot pads for businesses intending to establish themselves before jumping into larger spaces. That building is currently under construction and scheduled for completion in the coming weeks.
Other plans for the research park include working with the Las Cruces Public School District to construct an early college high school where high school students could take college-level courses for credit.
© 2013 New Mexico State University Board of Regents
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