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The Las City Council unanimously approved the investment of $150,000 in city funds to support a Las Cruces-based business that will process hemp into refined oil for CBD-infused products.
The company, 420 Valley LLC, will be located at what had been a vacant building at 420 Valley Drive and guarantees 55 full-time employees by the end of 2023, with an average salary of $42,000 a year and a total investment of $5.8 million. Business co-owners are Rick Morales and Scott Bannister.
At the meeting, the council also approved:
The council recognized the retirement of Assistant city Attorney Marcie Driggers, who retires at the end of the year with 32 years’ service. City Attorney Jennifer Vega-Brown called Driggers “an exemplary attorney [who] has been a very good mentor to many of us.”
City Councilors Greg Smith and Jack Eakman were also recognized for their service to the city, as both leave the council at the end of the year. Smith has eight years of service and Eakman four years.