County Commissioners Approved $1 million for 'Innovate ABQ'

Bernalillo County commissioners on Tuesday approved a $1 million contribution toward the “Innovate ABQ” project aimed at boosting economic development.

The money was approved 4-0, with Commission Chairwoman Debbie O’Malley absent because of illness.
The proposal was sponsored by Commissioners Lonnie Talbert and Maggie Hart Stebbins.
The University of New Mexico is leading the project. The county’s money would go toward renovating a building at the First Baptist Church site near Downtown into a business incubator – part of a larger economic-development project.
The county’s approval comes with “clawback provisions” and other conditions.
By: Journal and wire reports (Albuquerque Journal)
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