City approves LEDA funding to local manufacturer, Craftworks

Dec. 5, 2022

The City of Albuquerque Economic Development Department (EDD) will provide Local Economic Development Act (LEDA) funding to local business, Craftworks, after City Council unanimously approved the project at their meeting today. Craftworks is the Albuquerque brand behind Sandia Hard Cider, and the funding will allow the small business to expand into new markets, grow their product lines, and add jobs to the local workforce.

“We’re creating growth in Albuquerque through economic development projects like these, and showing up for our community by making investments locally,” said Terry Brunner, Acting Director, Economic Development Department. “Craftworks is well-established in a high-growth industry, and we’re delighted to work with our partners here in Albuquerque to support their growth.”

Today, City Council approved a $400,000 LEDA agreement, with a $50,000 contribution from the City, and $350,000 from the State, for which the City of Albuquerque will act as fiscal agent. Craftworks will use the funding to relocate to a larger Albuquerque facility, where it will be able to meet the demand from new markets, and expand their product lines. The company will add 20 new jobs over three years, paying an average of $40,000 annually per employee.

Craftworks plans to occupy and improve existing structures at 1500 and 1501 12th St. in Albuquerque, doubling the size of their current manufacturing facility. The property has been unused for a period of time, and the investment into the buildings will greatly enhance the area. The move, and purchase of new equipment, will not only support growing demand as they expand into new markets, but will also allow them to explore new beverage lines and business opportunities.