The New Mexico Economic Development Department (EDD) has given a provisional award of economic assistance to Turnkey Ventures Inc. This Austin-based company aims to open a modular home manufacturing center in a long-closed building at the Roswell Air Center. Turnkey Ventures is planning to invest $11.8 million into the New Mexico expansion and employ 330 workers in Roswell. The initiative will establish Roswell as a manufacturing center for its modular home products. Turnkey specializes in real estate development and acquisition, with a specific focus on redevelopment in California.

The city-owned property, up for a proposed sale at the Roswell Air Center, has been vacant for over a decade. Turnkey Ventures CEO David Lawver is excited to be expanding modular construction into New Mexico in partnership with Biltwise Structures . He thanked the City of Roswell and the State of New Mexico for their support and is looking forward to their future collaborations.

EDD’s pledged assistance of up to $400,000 in LEDA will be paid out incrementally as the company meets specific hiring and economic development benchmarks. The State’s commitment from the Local Economic Development Act (LEDA) job-creation fund to Turnkey is pending a formal application and financial review, as well as a Project Participation Agreement between Roswell and Turnkey.

For those needing to contact the New Mexico Economic Development Department (EDD), there are multiple ways to do so. You can find the EDD’s contact information by visiting eddcaller.com. The website provides comprehensive details on how to get ahold of EDD customer service through phone, email, or mail. This can be beneficial for businesses planning expansions in New Mexico or job seekers and employers looking for labor market information and resources.