Law officers in eastern New Mexico took down nearly a dozen …
A file image of a recycling bin.
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Proposed recycling plant to create jobs
Updated: Monday, 16 Apr 2012, 11:32 AM MDT
Published : Monday, 16 Apr 2012, 11:32 AM MDT
ALBUQUERQUE, N.M. (AP) - A proposed recycling plant is expected to employ 35 people when it's completed.
The project proposed for Albuquerque's North Valley neighborhood is expected to create about 135 direct construction jobs.
The plant would have 35 full-time employees when it's completed.
The Albuquerque Journal reports that Friedman Recycling of Albuquerque LLC has asked county commissioners to consider approving $16 million in industrial revenue bonds, a financing mechanism that provides tax incentives.
Under the deal, Friedman would spend about $19.5 million to acquire land and build a 70,000-square-foot processing warehouse.
As part of the deal, the company would get about $1.9 million in property tax breaks over a 30-year period.
The county commission accepted the bond application last week.
A final vote is expected next month.
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