Distribution company to invest $16.5M in New Mexico
SANTA TERESA, N.M. (AP) — A regional distribution company has plans to invest another $16.5 million to expand its operations in southern New Mexico.
Gov. Susana Martinez’s office announced Friday that Valley Cold Storage and Transportation plans to increase its presence in the border community of Santa Teresa and will add 10 jobs.
The expansion is being supported by up to $150,000 in local economic development funds.
State Economic Development Secretary Matt Geisel called Valley Cold Storage a homegrown success story. The company serves southern New Mexico, West Texas and northern Mexico.
Since 2011, the governor’s office says New Mexico has invested nearly $130 million in improvements in Santa Teresa to attract businesses to the bustling area. That has included roadway reconstruction, water infrastructure and a port of entry visitor center.