Albuquerque Business Overview

Labor Snapshot

• Labor force size: 404,700 (12/05)
• Unemployment rate: 4.4% (12/05)
• Median age: 35.9 (2005)
• Avg. manufacturing wage/hr: $15.74 (12/05)
• Major industries: Government - 20%, Professional & Business Services - 16%, Educational & Health Services - 12%

Major Albuquerque Employers

*Kirtland's civilian employment number includes all Department of Energy employees, including Sandia National Labs.
**2007 figures
***Statewide employment

Utilities

The Public Service Company of New Mexico, an investor-owned electric and gas utility, provides Albuquerque's electricity and natural gas.

The Albuquerque Bernalillo Water Utility Authority is a joint agency that administers the water and wastewater utility for all of Albuquerque and Bernalillo County. The city owns a substantial amount of water from the San Juan-Chama Diversion Project, which, beginning in 2008, will infuse more than 15 billion gallons of water annually into the city and provide up to 70 percent of its water.

Qwest, Time Warner Telecom, MCI Worldcom, McLeod USA and Xspedius all provide fiber or telecommunications services locally.

Transportation

Albuquerque is well-positioned to give companies a market access advantage. Two major highways (I-40 and I-25) bisect Albuquerque, providing easy access in all directions. Albuquerque International Sunport is served by eight major airlines and six commuter airlines. The Burlington Northern & Santa Fe Railway offers a north-south line that connects in Albuquerque and an east-west line that connects in Belen. By late 2006, commuters can ride the RailRunner Express, a new commuter rail project designed to ease traffic congestion.

Business Resources

• Albuquerque Economic Development - Business relocation and expansion information, Alliance member
• Albuquerque Hispano Chamber of Commerce - Promotes economic and educational opportunities for the Albuquerque Hispanic community.
• Bernalillo County - Officials, departments, and general info
• Bernalillo County Statistics - 2000 census of population and housing
• Greater Albuquerque Chamber of Commerce - Contact members of business community, calendar of events, relocation information