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LAVU Opens New Office Using County-Backed Money

01/29/2019

Homegrown software company, LAVU, opened new offices in downtown Albuquerque on Third Street, using $270,000 in Local Economic Development Act (LEDA) money.

Bernalillo County is not using any county tax dollars for this project. The county will act as the fiscal agent for state LEDA funds, which includes ensuring that the terms of the LEDA grant are fulfilled.

“This expansion is to accommodate the growth of LAVU and potential new market opportunities,” says County Commission Vice Chair Debbie O’Malley. “LAVU is a homegrown business that continues to thrive and be a leader in the Bernalillo County tech market.”

LAVU, which utilizes the Job Training Incentive Program will add an additional 46 full-time positions over the next three years and will have a total workforce of 120 people.

County Commissioners approved the LEDA grant administration in June of 2018.

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  • NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended, will be held on behalf of the Board of County Commissioners of Bernalillo County, New Mexico (the “County”) on April 23, 2019 at 2:00 p.m. local time, at the offices of Sherman & Howard L.L.C., 500 Marquette Avenue Northwest, Suite 1203, Albuquerque, New Mexico 87102, in connection with the issuance by the County of its tax-exempt Multifamily Housing Revenue Bonds (Marbella Apartments Project), in the maximum aggregate principal amount of not to exceed $11,000,000 (the “Bonds”).
    Location:
    Sherman & Howard L.L.C., 500 Marquette Avenue Northwest, Suite 1203, Albuquerque, New Mexico 87102
    Time:
    4/23/2019 2:00 PM

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