City Council approves NBCUniversal incentive package

The Albuquerque City Council Monday night unanimously approved $3 million in Local Economic Development Act funding for NBCUniversal, which has committed to spend hundreds of millions of dollars over the next 10 years in New Mexico.

The City Council vote came days after city and state officials celebrated the media giant committing to produce film and TV projects at 1601 Commercial St. The company has a goal of reaching $500 million in direct and indirect production spending and creating more…

Source: The Business Journal