Precious metals company to bring 35 jobs to Rio Rancho

Precious metals company to bring 35 jobs to Rio Rancho
Albuquerque Journal
By Patrick Lohmann / Journal Staff Writer
September 22, 2014

http://www.abqjournal.com/466557/abqnewsseeker/precious-metals-company-to-bring-35-jobs-to-rio-rancho.html

A precious metals manufacturer is relocating to Rio Rancho and bringing jobs with it after more than 40 years in California, city and state officials said in a ribbon-cutting ceremony Monday afternoon.

DHF Technical Products said it hopes to employ 35 people at its new Rio Rancho headquarters within three to five months and hire up to 50 people in two years. The company currently has 18 employees here and expects to hire between 10 and 15 more in its next two hiring phases, according to company president Dan Castilleja.

The company’s new building on Vortex Road, renovated after its $1.6 million investment in the property and construction, was packed with dozens of people who watched the ceremony, including Gov. Susana Martinez and Economic Development Secretary Jon Barela.

The Economic Development Department gave the company $200,000 to offset the building costs, in addition to about $175,000 to pay for on-the-job training. Castilleja said those incentives, plus Rio Rancho’s tax structure, real estate prices and overall quality of life is what convinced the company to uproot itself from California.