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Socorro has two industrial parks with space available for lease from $450 per acre per year.
The largest, Socorro Industrial Park, consists of 800 acres of property with all
utilities. It is adjacent to the railroad and is bisected by U.S. 60. Socorro General Hospital, the New Mexico National Guard Armory, the
State Forestry Service, a concrete mix plant, an engineering firm, and a local propane company are among tenants already in the park.
The second park, New Mexico Tech Industrial/Research Park, is located at the base of “M” Mountain. With a
total of 650 acres, including utilities, the site is adjacent to a 32-square mile testing area capable of handling ordnance and other
explosive materials. Alliant and Aerojet are two companies located at NM Tech's Research Park. The proximity to the main campus provides
a connection to both the academic and the research activities within the university.
Technology related activities at New Mexico Tech include optics, energetic materials, water research,
geosciences, atmospheric research, computer sciences, petroleum recovery, mining, environment, and energy. |
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Scientific research, defense programs, agriculture, and New Mexico Tech are the backbones
of Socorro's present day economy. Retail sales and tourism are also significant contributors to local revenues. |
