Hundreds of high-paying jobs are making their way to New Mexico.
In an announcement on Monday morning, state and MTX Group Inc. officials announced the technology consulting firm will set up a southwest regional office in Albuquerque.
The expansion will effectively bring 250 jobs to the state over a five-year period. Salaries will range from $90,000 to $175,000, state officials said.
MTX Group works with public agencies and organizations to modernize their technologies. The Frisco, Texas-based company has already worked with several state of New Mexico departments, according to its website. MTX, aside from its workforce in the United States, also employs people in India and Australia.
The company moved its headquarters earlier this year to The Offices Two at Frisco Station, according to the Dallas Business Journal. Its headquarters occupy more than 20,000 square feet.
The MTX payroll is expected to reach $20 million and the direct economic impact is estimated at around $347 million, according to state officials.
The state will commit $2 million in Local Economic Development Act incentives to assist MTX in the early going.
"The state’s incentives mean the company can grow and hire faster, and that means we can better serve the local communities in New Mexico with outcomes in mind around happiness, health, and economics and throughout the southwest," MTX CEO Das Nobel said in a prepared statement.
MTX will lease office space in Albuquerque, though the location remains unclear. The company couldn't be reached immediately for comment. Bruce Krasnow, the public information officer for the state's Economic Development Department, said the company is currently scouting locations for its offices.
The company will, however, put $2 million into its office space, according to a news release.
To help retain local talent, MTX said it has created a "robust" internship and requirement plan across business, technology, marketing, artificial intelligence, machine learning and renewable energy sectors. The company will work with more than 18 community colleges and universities to engage the "local student community in information sessions, career fairs, future case competition opportunities and hackathons."
The state has also said it will use incentives through its Job Training Incentive Program to help recruit locals.
Synthia Jaramillo, director of economic development for the City of Albuquerque, said the expansion by MTX fits in perfectly with the assets the city provides, as well as the culture.
"Albuquerque’s assets make it incredibly competitive in the hi-tech economy, and we’re supporting the recruitment and expansion of businesses like MTX that complement our existing strengths," she said. "By building a diversified economy that works for everyone, we’re solidifying Albuquerque’s reputation as a prosperous hub for our key industries."
