Mayor Tim Keller Seals the Deal with Netflix

October 31, 2018

Today, Mayor Tim Keller signed the bill to seal the deal to officially bring Netflix to Albuquerque. Netflix announced its decision to purchase Albuquerque Studios earlier this month and will be opening a production studio at the site. Netflix plans to bring $1 billion in production spending to New Mexico over the next ten years and will create approximately 1,000 production jobs each year through film and television productions filmed at the new facility and around the state.

“Albuquerque would not have been able to meet the needs of Netflix if it wasn’t for the incredible work by countless individuals over the years who laid the groundwork to build this industry,” Mayor Tim Keller said. “With our natural beauty, climate, culture and great people, the rest of the world is starting to notice our unmatched competitive advantages. Our city now has new, high-paying job opportunities to look forward to.”

After negotiations took place between the administration and Netflix to bring the company to Albuquerque, funding for the deal was approved by City Council on October 18, 2018. The funding was made possible through the Local Economic Development Act (LEDA) provided by both the City and State of New Mexico. The City of Albuquerque will be the fiscal agent for the LEDA awards.

The Netflix deal is part of Mayor Tim Keller’s broader economic development plan to use incentives to attract businesses that create good-paying jobs in sectors where we have a competitive advantage, while supporting our creative economy. 

“This partnership with Netflix solidifies Albuquerque’s role as a hub for film, a process that has been years in the making,” said Alicia Keyes, head of the City’s Film office. “Our local businesses and crews will feel the effects of this deal for years to come.”