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Rose’s Southwest Papers Gets Industrial Revenue Bond Approval for Expansion

05/29/2019

Bernalillo County commissioners approved $12 million of industrial revenue bonds for Rose’s Southwest Papers in the South Valley.

The bonds are part of a two-part series. The $12 million is to fund the purchase of equipment and improvements to the existing facility. The commission will consider another series of bonds for $8.2 million at a later date.

“This is proof that the businesses in Bernalillo County are continuing to grow and prosper,” says County Commissioner Steven Michael Quezada. “Rose’s has been a fixture in the valley for many years and is expanding and creating much needed jobs in our community.”

The expansion of Rose’s Paper is expected to generate more than $2 million in local stimulus supporting 63 direct and indirect construction jobs.

The county issues industrial revenue bonds backed by investors. Repayment of the bonds is calculated at 4.4 years.

The commission approved the bonds on a 5 to 0 vote.

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