Vibrant Corp

Investment

  • NMTC Amount: $3,350,000
  • Total Project Cost: $3,350,000

IMPACT

  • 87 FTE jobs
  • 63 jobs created and 23.5 jobs retained.

Project Description

Vibrant Corporation (“Vibrant”) is an Albuquerque, NM based company commercializing Process Compensated Resonance Testing (“PCRT”) technology: a method of non-destructive testing that uses vibrations to test the integrity of objects. Vibrant operates a “testing as a service” model: the company manufacturers the testing hardware in-house and leases it out to customer facilities. This project provided the company with funds needed to fund the construction and deployment of additional testing units.

MAP

Address: 8916 Adams Street NE, Albuquerque, NM 87113

Census Tract: 35001003736

Other New Mexico Projects

A $22.2 million project included the acquisition of 10 acres of land, construction and equipping a 70,000 sq. ft. state-of-the-art material recovery facility capable of processing more than 120,000 tons
Financing for Continental Divide Electric, serving 24,088 consumers living in Bernalillo, Cibola, McKinley, Sandoval and Valencia counties.

NMTC financing supported the rehab of the historic Hilton Hotel Andaluz. The project brought new jobs to the community, many of which were set-aside for Native Americans.

The Pueblo of Laguna Utility Authority is an independent nonprofit entity, owned by the Pueblo of Laguna, which develops, manages and maintains utilities for the Pueblo of Laguna, the largest