Two ABQ companies approved for nearly $1M in incentives

Bernalillo County commissioners unanimously approved a total of $910,000 in Local Economic Development Act funding to two local companies.

Indica Labs Inc. and Kevothermal will receive $605,000 and $305,000 in LEDA funds, respectively.

LEDA is a financial incentive used by the state and local governments as a closing fund to recruit new businesses and grow existing businesses in New Mexico.

Bernalillo County will act as the fiscal agent on behalf of the state.

“This is a fantastic opportunity…

Source: The Business Journal