Since 1928, oil and gas pioneers have coupled their innovative and entrepreneurial spirit to secure an economic base for Lea County, New Mexico. Today, the petroleum industry is still a leader in innovation, along with an increasingly diverse economic base in Lea County, the EnergyPlex. The past several years have seen enormous growth in all industry sectors with increasing interest and awareness in Lea County’s amenities, including the new EnergyPlex Park.
Understanding the importance of a diversified economy, the Economic Development Corporation of Lea County (EDCLC) has worked with local leaders to build on the economic base created by the petroleum industry. With an all-inclusive approach to energy-related projects and an open-for-business attitude, Lea County was branded the nation’s EnergyPlex, and has been successful in recruiting a wide variety of new innovative and technology-driven industries and jobs to the area.
The EnergyPlex’s continuing efforts to diversify include the newly developed EnergyPlex Park, a 10,000-acre industrial park suitable for a broad range of industry sectors, including manufacturing, warehousing, transportation, logistics, petroleum, fabrication, biofuels, solar power, wind power and nuclear energy.
Abundant features
Located between Hobbs and Lovington, the EnergyPlex Park is only 10-20 minutes from a commercial airport with daily flights on United Airlines, two four-lane divided US and state highways, two hospitals (Lea Regional and Nor Lea Regional), railroad access via the Texas-New Mexico Railroad with connections to Union Pacific, the University of the Southwest, New Mexico Junior College, a workforce training centre with customisable training programmes, four power plants, 30 hotels, and two communities with a combined population of nearly 60,000.
Understanding the importance of a diversified economy, the Economic Development Corporation of Lea County (EDCLC) has worked with local leaders to build on the economic base created by the petroleum industry
The EnergyPlex Park features customisable lot sizes for purchase or lease, with county-provided water, groundwater access, electricity transmission and distribution lines, access roads, and natural gas transmission lines on site. A full Alta Survey, Phase 1 Environmental Site Analysis, solar insolation study, and flood plain study have been completed for the EnergyPlex Park. Businesses in the EnergyPlex Park can take advantage of 330 days of sunshine per year in a temperate climate with minimal inclement weather. The EnergyPlex Park’s customisable configurations and resources make it ideal for any industrial project.
Financial sense
There are no impact fees or inventory taxes in the EnergyPlex Park, and businesses in the park are eligible for industrial revenue bonds, property tax abatements, and gross receipts (sales tax) abatements, in addition to the state-offered manufacturing tax credits, high-wage job credits, and job training reimbursements. Contact the EDCLC to receive a full analysis for all incentives that may apply for your project.
In addition to the financial incentives, Lea County boasts one of the largest workforce training programmes in the state. The Workforce Training and Outreach Center, housed on the New Mexico Junior College campus, has many educational and training programmes available for businesses wishing to source and train new talent. Businesses can also quickly create specialised training, certificate and degree programmes to train the potential workforce. The training can be offered at the Workforce Training Center or on-site at the EnergyPlex Park.
Lea County’s dedication to hard work, collaboration and cooperation make the EnergyPlex Park the ideal location to consider for expansion, start-up and relocation. n
For further information:
EnergyPlexPark.com
edclc.org