CLOVIS N.M.(KRQE), a local cannabis firm is expanding thanks to the Economic Development Department of New Mexico (EDD). The cannabis manufacturer, which was founded in 2021, is the first New Mexico cannabis company to receive funding under the Local Economic Development Act.
Parin Kumar said in a Vana CEO and founder press release that “We have roots here and want to give back to this community where we raised out family.” This investment is a major commitment for Vana, and state assistance is essential to building partnerships that will help us achieve long-term growth as we hire more employees.
Vanna uses funds from the Local Economic Development Act to hire 12 new employees. EDD reports that the average salary of these workers is $46,626. Clovis hopes to receive around $350,000 each year in tax revenue from the company.
Tina Dziuk said, “We’re thrilled that New Mexico is supporting manufacturing growth in rural areas,” in a recent press release. Dziuk is the CEO of Clovis Economic Development Corporation, a nonprofit organization. The State LEDA grant is expected to create jobs and new opportunities for Clovis residents while strengthening the local economy. By investing in our local community, we believe we can create a better future for all.
