Bueno Foods

Albuquerque,
NM
(2021)

Bueno Foods

Food Manufacturing

A food manufacturing plant expansion on in Albuquerque's South Valley, an economically depressed area of the City.

Investment

NMTC Amount: $10,000,000
Total Project Cost: $10,000,000

IMPACT

199 FTE jobs
65 construction jobs
Bueno Foods donates a minimum of $75,000 of food value annually to Road Runner Food Bank, St. Felix Pantry or any other food bank in New Mexico, during the 7 year compliance period.
25,000 sq. ft. of real estate

CDEs

New Mexico Finance Authority

Investor

Wells Fargo

Project Description

Bueno Foods is planning a plant expansion on its current manufacturing campus located in the South Barelas Industrial Park in Albuquerque, New Mexico’s South Valley, an economically depressed area of the City.

The purpose of the expansion is to build a 25,000 sq. ft. freezer facility to support the existing operation, to enhance production efficiencies, reduce storage costs and eliminate the need of storing product in neighboring states. In addition, the Company has planned to upgrade equipment for tortilla production. The estimated budget is $10,000,000.

Bueno Foods currently employs about 283 employees. This project will increase employment over six years by at least 49 jobs. As sales increase, employment will increase. Jobs will include entry level production and support jobs, as well as sales, administrative, and management positions. Payroll will increase over the next six years and into the future.

MAP

Address: 2001 Fourth Street Southwest, Albuquerque, NM 87102

Census Tract: 35001004001

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