A company known throughout New Mexico for its green and red chile products, as well as its tortillas and prepared foods, is receiving significant public funding for a long-planned facility expansion.
The Albuquerque City Council has given its approval to a resolution providing funding for the expansion of a warehouse facility that will belong to the well-known Bueno Foods company.
The warehouse in question is a 25,000 square-foot freezer that will help Bueno Foods to significantly grow its frozen foods sales. To that end, the long-time Albuquerque company is planning to expand its market reach beyond New Mexico.
Altogether, Bueno Foods is receiving $10 million in Industrial Revenue Bonds, as well as $500,000 in Local Economic Development Act funds.
The project will see the new warehouse built on just over 26 acres of land at 2001 4th Street SW, site headquarters for the company.
Bueno Foods was founded in Albuquerque in 1951, starting out as a South Valley neighborhood grocery store, and eventually evolving into a company with well over 100 prepared food items and cooking ingredients.
The company was the first of its kind to commercialize flour tortillas in New Mexico. It opened its $3 million, 50,000 square foot processing and packaging plant on 4th Street in 1984.
By Garry Boulard
