EDD Ready to Assist New Business In Development of a Roswell Manufacturing Center

Category: Non-Local News Releases Non-Local News Releases
Published: 08 February 2024 08 February 2024

ROSWELL, N.M. –  The New Mexico Economic Development Department (EDD) has provisionally awarded economic assistance to an Austin-based company to open a modular home manufacturing center in a long-closed building at the Roswell Air Center. 

Turnkey Ventures Inc. is planning to invest $11.8 million into the New Mexico expansion and hire 330 workers in Roswell, establishing the community as a manufacturing center for its modular home products. 

The City of Roswell is considering a proposed sale of city-owned property for the project. The 45 acres at 42 W. Earl Cummings Loop at the Roswell Air Center is the former home of Millennium Transit Services and has been vacant for over a decade. 

Turnkey specializes in real estate development and acquisition, focusing on redevelopment in California, according to its website. 

“We are excited to be expanding modular construction into New Mexico in partnership with Biltwise Structures,” Turnkey Ventures CEO David Lawver said. “We are appreciative of the City of Roswell as well of the State of New Mexico for their support. We look forward to being a part of the Roswell community, bringing in new jobs, and pushing the advancements of residential construction forward.” 

“This project is a great start to create over 325+ jobs in Roswell. This company will certainly use the many great resources for workforce development with our Eastern New Mexico University campus here as well as strengthening our local economy,” Roswell Mayor Timothy Jennings said. “We also see them as a strong resource partner to support existing in-fill properties for housing in local subdivisions. We welcome them to our community.” 

“This new business is a good fit for the City of Roswell – it can bring affordable housing, new jobs, and redevelopment to a long-vacant building,” EDD Acting Cabinet Secretary Mark Roper said. “If this investment moves forward, the EDD has pledged up to $400,000 in LEDA assistance to help Turnkey Ventures open its Roswell manufacturing facility. We stand as a ready partner.”     

“We are extremely excited for Turnkey Ventures and their decision to locate in Roswell, New Mexico,” Michael Espiritu, president and CEO of Roswell-Chaves County Economic Development Corporation, added. “Their acquisition of a shuttered bus plant, vacant for over 15 years, and their projection for the creation of numerous jobs and millions of dollars in capital investment will continue to propel our community forward. The strong collaboration between the EDC and city leadership significantly contributed to this project. We look forward to supporting the company as they move forward in their new home here.” 

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. The assistance will be paid out incrementally as the company meets hiring and economic development benchmarks. 

Content on the Beat

WARNING: All articles and photos with a byline or photo credit are copyrighted to the author or photographer. You may not use any information found within the articles without asking permission AND giving attribution to the source. Photos can be requested and may incur a nominal fee for use personally or commercially.

Disclaimer: If you find errors in articles not written by the Beat team but sent to us from other content providers, please contact the writer, not the Beat. For example, obituaries are always provided by the funeral home or a family member. We can fix errors, but please give details on where the error is so we can find it. News releases from government and non-profit entities are posted generally without change, except for legal notices, which incur a small charge.

NOTE: If an article does not have a byline, it was written by someone not affiliated with the Beat and then sent to the Beat for posting.

Images: We have received complaints about large images blocking parts of other articles. If you encounter this problem, click on the title of the article you want to read and it will take you to that article's page, which shows only that article without any intruders. 

New Columnists: The Beat continues to bring you new columnists. And check out the old faithfuls who continue to provide content.

Newsletter: If you opt in to the Join GCB Three Times Weekly Updates option above this to the right, you will be subscribed to email notifications with links to recently posted articles.

Submitting to the Beat

Those new to providing news releases to the Beat are asked to please check out submission guidelines at https://www.grantcountybeat.com/about/submissions. They are for your information to make life easier on the readers, as well as for the editor.

Advertising: Don't forget to tell advertisers that you saw their ads on the Beat.

Classifieds: We have changed Classifieds to a simpler option. Check periodically to see if any new ones have popped up. Send your information to editor@grantcountybeat.com and we will post it as soon as we can. Instructions and prices are on the page.

Editor's Notes

It has come to this editor's attention that people are sending information to the Grant County Beat Facebook page. Please be aware that the editor does not regularly monitor the page. If you have items you want to send to the editor, please send them to editor@grantcountybeat.com. Thanks!

Here for YOU: Consider the Beat your DAILY newspaper for up-to-date information about Grant County. It's at your fingertips! One Click to Local News. Thanks for your support for and your readership of Grant County's online news source—www.grantcountybeat.com

Feel free to notify editor@grantcountybeat.com if you notice any technical problems on the site. Your convenience is my desire for the Beat.  The Beat totally appreciates its readers and subscribers!  

Compliance: Because you are an esteemed member of The Grant County Beat readership, be assured that we at the Beat continue to do everything we can to be in full compliance with GDPR and pertinent US law, so that the information you have chosen to give to us cannot be compromised.