Latest news with #EDD
Yahoo
30-05-2025
- Business
- Yahoo
New Mexico plans $25 million investment in quantum venture studio
May 29—The Economic Development Department this week announced it's fronting $25 million to boost quantum technology development. It's part of a broader effort by the state to support tech industries and brand New Mexico as a quantum hotspot, which the state is also advancing through its participation with the regional Elevate Quantum consortium and designation as a federal Quantum Tech Hub. "This is a significant investment from the state into creating a quantum technology industry in New Mexico," said Nora Meyers Sackett, director of EDD's Office of Strategy, Science and Technology. The office is responsible for the request for proposals process and managing the resulting contract. The RFP specifically seeks proposals that merge physical infrastructure with program and financial support mechanisms to stimulate startup formation in the state. EDD is offering $12.5 million for the development of a physical space for a quantum venture studio and another $12.5 million for operations. It's a good starting point for New Mexico's quantum ecosystem, said Ivan Deutsch, director of the Quantum New Mexico Institute, a joint entity between the University of New Mexico and Sandia National Laboratories. "There's a lot of hopes and expectations, and quantum is really on a very steep rise at the moment," Deutsch said. He said public-private partnerships and pressure on a global level for the U.S. to stay competitive with China in the quantum industry presents "a real opportunity here to make a difference." "What we all would like to see is a growing and accelerating tech economy here in New Mexico in quantum," he said. "And what we hope to be able to do is to attract companies to New Mexico." The deadline for proposals is June 24. More information on how to submit proposals can be found online at
Yahoo
30-04-2025
- Business
- Yahoo
State certifies ABQ space nonprofit as business incubator
Apr. 29—NewSpace Nexus, a New Mexico nonprofit focused on advancing space innovation, is the state's newest certified business incubator. The company joins eight other certified business incubators, which help grow startups, recognized by the New Mexico Economic Development Department. The recognition of NewSpace comes as startups focused on space have grown in recent years and as some in the aerospace sector have branded the Rio Grande corridor — from southern New Mexico to southern Colorado — "space valley." Aerospace is one of New Mexico's nine target industries. "As a springboard for aerospace businesses, NewSpace Nexus is a prime example of how our state supports this target industry," EDD Secretary Rob Black said in a Monday news release. An incubator helps accelerate the development of startup companies with targeted resources and services, according to EDD. NewSpace's incubator program, called NewSpace Ignitor, offers small- and medium-sized space companies resources like strategic planning, shared facilities and equipment, and investor showcasing opportunities. The company's physical space, The Launchpad at 2420 Alamo SE in Albuquerque, is an 8,000-square-foot facility with more than 70 pieces of equipment, including a carbon 3D printer and a thermal vacuum chamber. NewSpace also received a $100,000 grant with the state certification, which requires an annual renewal. Nearly 30 space companies have gone through the program, and another 22 companies are currently participating, according to NewSpace's website. EDD reports the supported startups have generated more than $50 million through customer contracts and venture capital investment. Every 50 jobs created by a startup generates about 25 more local jobs, according to the International Business Innovation Association. About a third of NewSpace's companies are interested in setting up shop in New Mexico, according to EDD. NewSpace Nexus CEO Casey Anglada DeRaad thanked the state for believing in her company and supporting its "many programs that will make a positive impact in growing the space industry for New Mexico, our region and our nation."
Yahoo
24-04-2025
- Business
- Yahoo
Blue Shield, Kaiser announce dozens of layoffs statewide
(KRON) — Two East Bay-based health care giants will be laying off dozens of employees across the state, according to filings with the Employment Development Department. Blue Shield of California will be laying off 113 workers statewide, according to a WARN notice. Notice of the Blue Shield layoffs was given on Monday and Tuesday with the job cuts set to take effect on May 1. In the Bay Area, 24 employees at Blue Shield's headquarters on 12th Street in Oakland will be impacted. California overtakes Japan to become world's 4th largest economy: Newsom Other counties across the state that will be impacted by the layoffs include: El Dorado County: 35 employees Los Angeles County: 26 employees Sacramento County: 13 employees San Diego County: 5 employees San Joaquin County: 7 employees Shasta County: 3 employees The layoffs at Blue Shield come on the heels of the announcement of a major data breach that resulted in millions of members having their private health information leaked to Google and used to target them with online ads. Kaiser Foundation Hospitals also announced layoffs this week. According to EDD filings, the health care provider will be cutting 40 jobs across the state. Fourteen of those jobs will be at Kaiser's Oakland headquarters at 1 Kaiser Plaza. Two other Bay Area employees — one at Kaiser's Franklin Street facility in Oakland, and another in Pleasanton, will also be impacted. Another two workers at Kaiser's Sereno Drive location in Vallejo will also lose their jobs. The other 23 Kaiser layoffs will impact workers across Los Angeles County. Kaiser filed notice for the layoffs on Monday, and they were effective immediately, according to the EDD filing. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Express Tribune
05-04-2025
- General
- Express Tribune
European Union team to train CAA officials
PCAA informed PPRA that there were serious anomalies in the examination system of pilots, pointed out in July last year by a high-level inquiry. PHOTO: FILE In a first, a team of European civil aviation authorities will visit Pakistan next week to train Pakistan's civil aviation security regulators. According to a spokesperson of the Civil Aviation Authority (CAA), the team comprising two members will provide training to the regulators on the Explosive Trace Detection (ETD) and Explosive Detection Dog (EDD) as per European standards. These trainings will be held at Islamabad International Airport. The ETD training involves learning how to operate explosive trace detection equipment used in airports and security zones. The EDD training refers to the training of canines (dogs) and their handlers to detect explosives using scent. In civil aviation, the ETD and the EDD training are crucial parts of aviation security protocols to prevent the transportation of explosives through air travel.
Express Tribune
05-04-2025
- Business
- Express Tribune
European Civil Aviation team to train Pakistan airport staff for first time
Civil Aviation Authority is not conducting the privatisation transaction to hand over three international airports. PHOTO: FILE Listen to article A European Civil Aviation team is scheduled to visit Pakistan next week to provide, for the first time, specialised security training and certification to airport regulators, according to the Civil Aviation Authority (CAA). The two-member team, dispatched on the directive of the European Union, will train aviation security personnel at Islamabad Airport, Express News reported. The sessions will focus on meeting international standards, particularly in the areas of Explosives Trace Detection (ETD) and Explosive Detection Dogs (EDD). A CAA spokesperson confirmed the initiative aims to align Pakistan's aviation security protocols with globally recognised benchmarks, enhancing overall airport safety. 'This is a significant milestone in our efforts to bring aviation security in Pakistan up to international standards,' the spokesperson said. Last year, the European Commission and the European Aviation Safety Agency (EASA) officially lifted the suspension on PIA and granted authorisation for Airblue to operate flights to Europe, marking a significant milestone for Pakistan's aviation sector. This development restores direct air links between Pakistan and European destinations, following a ban that had been in place since 2020. Aviation Minister Khawaja Asif confirmed the news, stating that the lifting of the suspension and the new authorisation for Airblue was made possible due to focused efforts by the Ministry of Aviation to strengthen the Civil Aviation Authority (PCAA) and improve safety oversight in compliance with International Civil Aviation Organisation (ICAO) standards.
