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Article: New Mexico officials look to expand high-tech development, financing.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 14, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Andrew Webb, Albuquerque Journal, N.M. Knight Ridder/Tribune Business News
Oct. 14--CARLSBAD, N.M. -- The state could guarantee bank loans for startup technology companies under one of several proposals being considered by members of the Governor's Finance Council.
A subcommittee of the 12-member group has begun meeting with local bankers to find ways to encourage banks to finance such projects as a $5 million nuclear medicine plant in Carlsbad proposed by biotech startup TCI Medical.
That company wants to build a $5 million nuclear medicine plant in Carlsbad, where it aims to employ up to 100 people.
But company officials ...