Article: New Mexico officials look to expand high-tech development, financing.

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 ...

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