Foreign Direct Investment Alive and Well in New Mexico

Ireland's Glanbia is opening a new plant in eastern New Mexico. Teaming with the Dairy Farmers of America and Select Milk Producers on a 3,000-acre site, Glanbia is creating a $192-million, 300,000-sq.-ft. facility near Clovis, N.M., that will rank as North America's largest cheddar cheese plant.

The Clovis area beat out several west Texas sites in the final short-list competition, Glanbia officials said.

Glanbia Foods Executive Vice President Jeff Williams says 3 factors drove the site selection decision: incentives, site access to a very large milk supply and the permitting process.

Read more here.