ALBUQUERQUE, N.M. (AP) — A proposed recycling plant is expected to employ 35 people when it's completed.
The project proposed for Albuquerque's North Valley neighborhood is expected to create about 135 direct construction jobs.
The plant would have 35 full-time employees when it's completed.
The Albuquerque Journal reports that Friedman Recycling of Albuquerque LLC has asked county commissioners to consider approving $16 million in industrial revenue bonds, a financing mechanism that provides tax incentives.
Under the deal, Friedman would spend about $19.5 million to acquire land and build a 70,000-square-foot processing warehouse.
As part of the deal, the company would get about $1.9 million in property tax breaks over a 30-year period.
The county commission accepted the bond application last week.
A final vote is expected next month.
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New Mexico is located in the southwestern region of the U.S. Inhabited by Native American populations for many centuries, New Mexico has also been part of Imperial Spain, part of Mexico, and a U.S. territory.