ASAE - Economic Development Corporation of Lea County

Economic Development Corporation of Lea County

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Hobbs, NM 88241-1376, USA

Economic Development Corporation of Lea County

Driving Economic Prosperity and Industrial Growth in Lea County's Energy Hub.

Founded in 1963, this private, non-profit organization is committed to fostering economic growth and development by attracting quality businesses to the region and bolstering existing industries. With a focus on recruitment, retention, and expansion, it provides comprehensive support services to businesses exploring opportunities in Lea County. The organization facilitates connections with community leaders, offers access to valuable real estate data, and identifies potential incentives to incentivize business relocation or expansion. Through a workforce trained in diverse sectors such as manufacturing, energy, and research, it thrives to support not only industrial growth but also community prosperity.

The organization plays a pivotal role in the regional economy, leveraging its position in New Mexico's leading energy-producing county. Its efforts are channeled through robust networking events and conferences that help members interact with policymakers and gain insight into industry trends. The industrial hub of Lea County accommodates a wide spectrum of industries from petroleum and nuclear to renewable energy sources like wind and solar, all fostered under an advantageous environment provided by the EnergyPlex Park. Further strengthening its economic impact, the organization actively engages in advocating for policies that drive economic prosperity while preserving the rich heritage and workforce potential of the region.