On August 22, Governor Susana Martinez, Mayor Tim Keller and Albuquerque Economic Development, Inc. announced that TaskUs, Inc. has selected downtown Albuquerque for its new Technical Operations and Customer Experience Center. The California-based company, which provides outsourced customer service strategies and solutions to some of the world's leading technology companies, will create 695 new jobs over the next five years. TaskUs will also invest $9 million in the new downtown location. New Mexico beat out Utah, Nevada and Texas for the competitive expansion.
“We've made our state more competitive for jobs and investment and now we're seeing the results – once again, we're celebrating more jobs coming to downtown Albuquerque,” said Governor Martinez. “Through our relentless efforts to make New Mexico business friendly, we're attracting new investments, creating new jobs and growing our economy.”
This announcement marks one of the most significant job creation projects in downtown Albuquerque.
“Building an economy that works for everyone begins with creating good paying jobs. Bringing TaskUs to Albuquerque was a collaborative effort here at the City,” stated Mayor Tim Keller. “In Albuquerque, we can often provide more than just funding to a company interested in bringing business to Albuquerque, like access to city services and amenities. We came together as “One Albuquerque” to ensure that TaskUs has what they need to succeed while also giving Downtown the shot in the arm it needs.”
At their Albuquerque location, TaskUs' office will feature a market, lounge and recreation areas, and a subsidized gym for their employees. TaskUs plans to lease approximately 50,500 square feet of office space at 200 Third St. NW, located in the First Plaza Building at Third Street and Tijeras Avenue in downtown Albuquerque. The company plans to open in the first quarter of 2019.
Roberta Cooper Ramo, Chair of Albuquerque Economic Development, Inc. said, “TaskUs is an important addition to our growing technology sector, creating an estimated economic impact of more than $117 million in the first year alone. The company will generate more than $100 million in new payroll over the next five years, giving an important boost to small businesses, restaurants, housing and other amenities in downtown and beyond.”
The company's expansion will be supported by the State's Local Economic Development Act (LEDA) and Job Training Incentive Program. The State of New Mexico will provide up to $2 million in LEDA funding. In addition, the City of Albuquerque will commit $1 million in local LEDA funding to the project, which is subject to approval by the Albuquerque City Council.
Edward T. Garcia with Garcia Realty and Development, which owns First Plaza, said that his family is happy to be able to include TaskUs in the rebirth of First Plaza and Downtown, “TaskUs merges talent and technology to solve modern business problems, and Albuquerque is brimming with intelligence and talent,” he said. “Albuquerque offers lifestyle, affordability and climate, and it loves young families. We see TaskUs as a catalyst for many others of like mind.”
Our full press release on Business Wire can be found here.
Press & Media:
KOB-4 (NBC affiliate) Tech firm to open in Albuquerque creating hundreds of jobs
KOAT-7 (ABQ affiliate) Tech firm will bring nearly 700 jobs to downtown Albuquerque
KRQE-13 (Dual CBS/FOX affiliate) Tech company brings nearly 700 jobs to Albuquerque
ABQ Business First UPDATED: California company plans 700 jobs for Downtown ABQ
LA Biz Journal TaskUs plans to add 700 jobs
Los Angeles Business Journal TaskUs Expands to New Mexico
Albuquerque First Behind the deal: How ABQ landed TaskUs
Area Development TaskUs Chooses Albuquerque, New Mexico, Operations Center
Businesswire TaskUs Create 700 New Jobs Downtown Albuquerque