Information Technology

The field of Information Technology is hot and changing rapidly. The region is responding to changing industry needs by focusing on growing talent and infrastructure to address issues like cybersecurity and digital media and electronic medical records. The region is focusing on systems analysis, systems design, programming, manufacture of components used in computers, communication / electronic devices, cyber security, digital media, and gaming.

Strategies

  • Align workforce training/development to meet the needs of employers in the IT fields
  • Capture grads in STEM / Creative fields
  • Create mid-level equity fund for emerging IT companies ($1 million to $4 million revolving every 5 years. This could come from the State Investment Council’s Equity Investment Fund)
  • Create a region-wide affordable broadband fiber optic system whereby private providers open lines, share access and/or new lines are developed, funded and maintained
  • Expand and facilitate access to capital for a variety of levels of IT company development
  • Expand CNM’s Deep Dive Coding programs
  • Increase access to the State Permanent Fund for business investment
  • Increase efforts to recruit talent in the IT fields
  • Increase funding for economic development marketing to bring awareness of the Albuquerque Metro region.
  • Market Ingenuity Central to highlight our creative, entrepreneurial, technology-focused culture
  • Support activities that promote IT talent development, such as hackathons, game jams, coding camps, etc.
  • Support programs such as Tech Hire, Innovate+Educate, TalentABQ

Key Partners

  • Innovate+Educate
  • New Mexico Tech Council
  • TalentABQ

Measures

  • Amount of leveraged private sector investment in IT firms
  • An increase in the number of community-based IT events, such as hackathons, coding camps, etc.
  • An increase in the number of members of Technology associations in the region
  • An increase in the number of new firms that meet the definition of Information Technology above.
  • An increase in the number of new workers employed in IT companies
  • An increase in the number of new workers with IT-related skills-i.e., computer science, etc.
  • An increase in the number of technology transfer/commercialization successes from UNM or Sandia National Labs