Overview
- The plant is projected to create about 340 permanent jobs and generate more than $200 million in economic impact.
- New Mexico’s package totals $14.6 million: $5 million from LEDA, $4.6 million in JTIP funds, $1.36 million via the Rural Jobs Tax Credit, and $3.65 million from the High-Wage Jobs Tax Credit.
- GreenPower targets a Q1 2026 production start with possession of the site set for June 1, 2026.
- Santa Teresa’s Foreign Trade Zone status and Borderplex logistics, including the port of entry plus Union Pacific and BNSF rail, were cited as core advantages.
- State procurement pipelines include a 2025 EVaaS contract for more than 5,000 fleet vehicles and a separate four-year, $400 million program for over 2,000 school buses and 3,500 transit and “white fleet” vehicles.