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Posted on: July 3, 2014

Sandoval Economic Alliance, Inc. Established

News Release Issued by Sandoval Economic Alliance on July 3, 2014

The Sandoval Economic Alliance, Inc., has been established as a new, private not-for-profit economic development organization focused on bringing new jobs to all communities within the county, including the City of Rio Rancho.

The Sandoval Economic Alliance will specifically work on:
•Adding economic base jobs
•Attracting new businesses and industries, including retail
•Retention and expansion of existing businesses
•Supporting entrepreneurship
•Working with other entities-including local, county and state government and business-and development-related organizations-to enhance and diversify the region's economy

The Sandoval Economic Alliance will build upon the job-creation framework developed by the Rio Rancho Economic Development Corporation (RREDC), which ceased operations on June 30, 2014. Before disbanding, the RREDC's Board of Directors voted to transfer all of its assets and intellectual property to the Sandoval Economic Alliance.

The inaugural Sandoval Economic Alliance Board of Directors includes:
•Antoinette Vigil, State of New Mexico
•Brian Brichford, Hewlett-Packard
•Gary Housley, Don Chalmers Ford
•Jeanie Springer, Springer 5 Investments
•Jim Easley, US Bank
•Jo Ann Newton, PNM
•Joe Sierra, Century Bank
•JR Allison, Old Republic Title
•Keith Riesberg, City Manager for the City of Rio Rancho
•Liz Shipley, Intel
•Mike Skolnick, Excalibur Realty
•Perry Bendicksen, Rodey Law Firm
•Phil Rios, County Manager for Sandoval County
•Pierce Runnels, Geobrugg

The Board has established by-laws and appointed Joe Sierra with Century Bank as chairperson.
The Board is still seeking additional members. Those interested should call the Sandoval Economic Alliance at (505) 891-4305.

"I and the other members of the Board are excited about the opportunity to work with county and city government leaders and the private sector to grow the economy," said Joe Sierra, Sandoval Economic Alliance Board Chairperson.

The Board is in the process of recruiting and hiring a President/CEO for the Sandoval Economic Alliance.

Funding support for the Sandoval Economic Alliance is anticipated to come from local governments within Sandoval County and the private sector. Both the City of Rio Rancho and Sandoval County have budgeted $200,000 in their current fiscal year budgets to support a new regional economic development entity.

"By definition, the Sandoval County Commission strives to improve the quality of life in all communities within the county. That's why we enthusiastically support formation of the Sandoval Economic Alliance," said Darryl Madalena, Chairman of the Sandoval County Commission. "By focusing on job creation throughout the county, this alliance will boost the economy of the entire region, which will benefit residents of both our urban and rural communities."

"Diversifying the local economy through new job opportunities is paramount for Rio Rancho so that it can remain one of the best communities in the nation," said Mayor of Rio Rancho Greggory Hull. "I believe that the creation of this new organization which will operate through partnership and collaboration is exactly what Rio Rancho needs in order to achieve our goals."

"Sandoval County is very excited about partnering with the City of Rio Rancho in support of the new Sandoval Economic Alliance," District 3 County Commissioner Don Chapman said. "The funding and support of both governing bodies sends a clear message that we're serious about creating jobs and moving our local economy forward. We invite members of the private sectors to invest with us as we re-ignite the area's economic engine."

"I want to thank all of those involved over the last year that helped bring about this positive change for the City of Rio Rancho and Sandoval County," said Alonzo Clayton, Rio Rancho Deputy Mayor and District 6 City Councilor. "Having an entity in place pursuing both economic base jobs as well as retail for the community is necessary for economic stability."

The Sandoval Economic Alliance office is located at 1201 Rio Rancho Blvd. For more information, call (505) 891-4305. A website for the Sandoval Economic Alliance will be launched in the near future.

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