Investment Overview

Alamogordo is experiencing significant growth and investment, making it an attractive location for businesses and investors: • May 2023: Secretary of the Interior Deb Haaland and Congressman Gabe Vasquez announced a substantial $12.6 million investment from the President’s Investing in America agenda. This investment will support the Brackish Groundwater National Desalination Research Facility in Alamogordo. • November 2022: The New Mexico Economic Development Department (NMEDD) and New Mexico MainStreet (NMMS) awarded $10 million in Capital Outlay funding to 14 MainStreet and Arts & Cultural Districts for community revitalization projects. Among the recipients, Alamogordo MainStreet was awarded $1.9 million. Construction is a driving force in Otero County, with substantial growth and lucrative opportunities. According to the latest report from the Economic Development Department, the construction sector experienced a remarkable 529 percent growth in the last quarter, bringing in approximately $309.8 million in total gross receipts. Retail trade also thrived, contributing $115 million in gross receipts. Such economic expansion has propelled Otero County’s total gross receipts to increase by 72 percent between Q3 and Q4, amounting to an approximate $250 million upturn, largely driven by the construction industry. Holloman Air Force Base, located just 20 minutes away, stands as the area’s largest employer, employing over 13,000 military and civilian personnel. With an estimated annual contribution of over $411 million through job creation, payroll, and contract expenditures, Holloman Air Force Base significantly influences the local economy. The tourism industry flourishes in Otero County, contributing millions of dollars to the local economy. The Lodge in Cloudcroft and the Inn of the Mountain Gods Resort and Casino serve as flagship destinations, collectively employing over 1,000 hospitality workers. The recent designation of White Sands National Park as the newest national park has attracted over 600,00 visitors each year. The resort is conveniently located across the street from McGinn’s PistachioLand, a popular attraction known for its giant 30-foot tall pistachio, drawing a quarter of a million visitors annually. The property has over 800 feet of highway frontage on US Route 54, a major thoroughfare that spans 1,197 miles from El Paso, Texas, to Griggsville, Illinois. Travel accessibility is further enhanced by the proximity to Las Cruces International Airport, located approximately 1.5 hours away from the property.