SEA: Jenkins? accomplishments were many during his stint with SEA here
You may have already heard that effective June 30, Steve R. Jenkins will leave Sandoval Economic Alliance to pursue other opportunities.
We are grateful that he lent his talents to our community, as we have accomplished a great deal during his tenure, including:
Target Industry and Laborshed Study to identify three target economic-base clusters to pursue for business attraction: Life sciences, professional services and support, and advanced manufacturing and technology;
? A comprehensive, five-year marketing and sales strategy based on the economic-base clusters;
? Aggressive new business attraction metrics;
? A new, award-winning website;
? An organizational rebrand;
? Revision and update of the mission, core values, bylaws, personnel policies and a fiscal management policy;
? Renewed Sandoval County funding;
? Strategic staff changes, including the addition of a research position;
? Involvement and support of the Los Diamantes development, which will include a business park;
? VeriReady Sites Program: The verified sites program of Sandoval Economic Alliance;
? ReadyBuild: The virtual building program of Sandoval Economic Alliance;
? CORE Program: Community Opportunities for Retention & Expansion to support retention and expansion for existing businesses;
? Cuba VISTA initiative focused on building an entrepreneurial ecosystem;
? A new Partner Recruitment & Retention Committee and new partner recruitment materials; and
? An Economic Development Action Strategy commenced to be completed in late spring.
We know Sandoval County and Rio Rancho have abundant assets to grow, but critical competitive items must be addressed. While not easy, these issues will be essential to the community’s future:
? Balancing residential development with development of economic-base industries.
Many studies clearly show that public services to residential development costs between $1.16 and $1.25 for every dollar of tax revenue received. The cost of services to commercial and industrial growth costs between 30 cents and 60 cents for every dollar of tax revenue received.
Eventually, the total cost of providing public services as a bedroom community will increasingly exceed revenue, triggering tax increases.
? Acquiring housing options for the younger population not interested in single-family homes. This is essential to the community to attract and retain the younger population, which is needed to offset the increasing median age.
? The development of competitive locations for manufacturing operations with all services available. The manufacturing sector desires to be in industrial parks surrounded by like-minded and compatible operations.
We have not been able to compete for these projects as well as we should with what our community has to offer because we lack available, ready sites for this sector.
? The completion of Paseo del Volcan (Pete Domenici Parkway). This is important infrastructure for the economic viability of Sandoval County and the west Albuquerque Metro Area, and has the potential to be one of the most important roadways in New Mexico.
As we execute our transition plan, our commitment to fulfilling our mission and promise to the community will not falter. We will forge on with our comprehensive growth strategy and meet our commitments on deliverables and tackle these challenges.
We have a very capable team in place and I am confident that we will win!