The mission of the South Valley Economic Development Center is to provide facilities, resources, and training to support the development of new and expanding small businesses that will create jobs and foster economic revitalization of the South Valley community, while preserving the heritage and culture of the community.
What is the SVEDC?
The South Valley Economic Development Center (SVEDC) is a collaborative effort between Bernalillo County and the Rio Grande Community Development Corporation (RGCDC). The SVEDC serves as both a business incubator for clients utilizing the facility, and as an economic development catalyst for the unincorporated area of the South Valley.
Built in 2004, the 17,000 square foot center also offers flexible leases on office space, a commercial kitchen, and other support for small businesses. The SVEDC empowers local growers and businesses by providing a site for manufacturing value-added products and establishing networks among businesses, growers, distributors, and retailers.
Over the past seven years, the SVEDC has:
- Incubated over 100 businesses
- Created over 350 jobs
- Returned $8.2 million in payroll back to the local economy
- Achieved a success rate over four times the national average
- Assisted over 250 potential entrepreneurs a year
Josue Olivares, Executive Director: firstname.lastname@example.org
Alex Gianaris, Mixing Bowl Supervisor: email@example.com
Alfredo Nevarez, Client Services: firstname.lastname@example.org
Saul Orozco, Client Services: email@example.com
At the beginning of the Bridge and Isleta Boulevards Revitalization planning sessions in 1996, community residents recommended that a small business incubator be built to address economic development issues in the South Valley.
In response to the request, the Rio Grande Community Development Center (RGCDC) developed the Bridge and Isleta Boulevards Revitalization plan. The plan made the development of a business incubator in the South Valley a priority. In addition to traditional business incubation, the plan also identified the economic development benefits of locating a commercial kitchen within the facility. The commercial kitchen would provide value added opportunities for residents involved in local farming and food production.
The University of New Mexico’s Design and Planning Assistance Center (DePAC) provided the initial designs for the project. The project secured funding from the U.S. Department of Housing and Urban Development through the University’s Resource Center for Raza Planning, then directed by Teresa Cordova. The Resource Center for Raza Planning also conducted door-to-door interviewing and surveying to determine ongoing community support and to gather suggestions for the facility’s development. Based on South Valley residents’ responses to surveys and community planning meetings, the project was named the South Valley Economic Development Center (SVEDC).
Ground breaking for the “South Valley Economic Development Center” took place in 2003 and construction was completed in 2005. The SVEDC’s Grand Opening took place in the summer of 2005, and Tony Gallegos was named the Executive Director of the facility in the fall of 2005. The facility continues to operate under the Rio Grande Community Development Center (RGCDC), and offers flexible leases on the commercial kitchen facility and the traditional business offices housed in the facility.