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Local Business Lavu to Expand Using LEDA Grant

06/13/2018

The Bernalillo County Commission has approved a $270,000 Local Economic Development Act (LEDA) grant for New Mexico owned and operated LAVU Inc.

LAVU plans to relocate to a new facility and expand its operation on 3rd Street, NW.

“This expansion is to accommodate growth of existing facilities and potential new market opportunities,” says County Commissioner Debbie O’Malley.

Included in the grant is a job creation requirement where LAVU will add 46 full-time positions, over the next three years, bringing the total workforce to 120.

Commissioner Maggie Hart Stebbins is a co-sponsor of the resolution. “LAVU continues to be a shining example of our creative, high tech entrepreneurial community and the County Commission is pleased to play a part in helping LAVU expand and succeed here.”

The LEDA grant is funded by the State of New Mexico and Bernalillo County acts as the fiscal agent on behalf of the state and is not using any county tax dollars for this project.

The County Commission vote was unanimous, 4-0.

Commissioner Lonnie Talbert was excused from the meeting.

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