New Mexico ED Corp Gets New President

The 45-year-old head of economic development for Glendale, Arizona, has been chosen to run a similar agency for the state of New Mexico.

Jim Colson was named economic developer of the year in Arizona last year.

But New Mexico Economic Development Secretary Rick Homans says that now Colson has accepted the job of president of the New Mexico Economic Development Corporation.

He will have an annual salary of $150,000 plus bonuses if he exceeds performance goals.

Colson says New Mexico is in a great position to attract businesses large and small.

Congratulations Jim!

Source: Associated Press.