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New Mexico State University

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Commerce official: Arrowhead Center 'is on the right track'

U.S. Assistant Secretary of Commerce for Economic Development David Sampson visited New Mexico State University today to be briefed on NMSU's Arrowhead Center Inc., a company that will help commercialize intellectual property.

U.S. Assistant Secretary of Commerce for Economic Development visited with NMSU officials today and was briefed about NMSU's Arrowhead Center Inc. (NMSU photo by Darren Phillips)

As part of his tour through New Mexico, Sampson visited with Garrey Carruthers, dean of NMSU's College of Business Administration and Economics; NMSU Regent Jim Manatt; Interim President William Flores; and several other NMSU officials.

Sampson said the Economic Development Administration (EDA) is focusing on innovations and technology that will revolutionize the economy and industries over the course of the next several decades. He said universities and federal laboratories are helping to develop products and create the jobs of tomorrow.

"I certainly think you are on the right track," Sampson said during the briefing with NMSU officials. "I think (the Arrowhead Center) is a kind of thing that really builds on clusters and strategies that make sense."

The Arrowhead Center will help foster economic growth in a largely rural state by integrating academic, research and business talents in the business development process. Organizers hope the activities of the center will help create jobs, enhance student education, recruit and retain faculty, and attract and deploy venture capital to and in New Mexico.