Retail, Restaurants, Continue to Grow in Carlsbad New Mexico
CARLSBAD, NM, March 29, 2022 /24-7PressRelease/ — Growth in Carlsbad continues at a high rate. Already boasting the fastest growth in the state at 15.8% according to the most recent US Census numbers, Carlsbad has a number of new retail and restaurant businesses opening in 2022. Coupled with a balanced approach to industrial growth, area residents and leaders are primed for more.
The Carlsbad Department of Development (CDOD) works as the primary business recruiting tool for the Carlsbad market. The CDOD is preparing to attend the International Council of Shopping Center’s (ICSC) Red River show taking place March 30th through April 1st. Thousands of developers, site selectors, brokers and municipalities attend this show on a regular basis, and the CDOD has experienced great success here over the years.
Heading into the ICSC Red River show, Carlsbad is already looking at several new entities scheduled to open for business in 2022. Wing Stop, Papa John’s Pizza, a second O’Reilly Auto Parts, and Big Lots are some of the more notable names heading up the list. The latter most name on this list will fill in a void left by Bealls closing down a couple of years ago in the Carlsbad Mall.
“We’re working hard to bring an exciting new store to the Carlsbad community,” said Bruce Thorn, president and CEO of Big Lots. “Big Lots offers a unique, delightful shopping experience that’s part treasure hunt, part bargain hunt and part everyday necessities. At your Carlsbad Big Lots, you’ll find surprising products and amazing deals on everything for your home, including exclusive brands like Broyhill furniture and home décor items, plus a variety of quality products from national brands all under one roof. To get a head start on shopping and savings, visit biglots.com and join our BIG Rewards loyalty program, which was recently named to Newsweek’s list of ‘America’s Best Loyalty Programs.’ We’ll have more information to share about our Carlsbad Big Lots grand opening soon.”
Carlsbad is excited to see Big Lots and all of the new businesses open in the market, which still has opportunity for more retail and restaurants.
“Big Lots is a great addition to our community, and there’s a lot of excitement building about all of the new businesses coming to Carlsbad,” said Carlsbad Mayor Dale Janway. “Our community is continuing to grow due to all of our economic diversity, and we’re pleased to remain a land of opportunity.”
The CDOD has been attending the ICSC Red River show for over a decade, and this year they look to make a big statement, especially since Carlsbad leads the way in state growth. Carlsbad also leads in new business growth.
In a recent study released by the financial consulting firm SmartAsset, Eddy County’s (in which Carlsbad is seated) business growth ranked number one in New Mexico. The county’s rank of 5.9% growth is nearly double any other county in the state. Additionally, the county also ranked first in incoming business investment at 58.3%.
The backbone for the county’s growth is based on the industrial diversity within the economy. Potash mining, nuclear storage, oil and gas, and manufacturing are the main pillars associated with the major industrial base in the area. Strong growth within the medical and aviation fields bolster this base as well, and the Carlsbad Caverns National Park, the Living Desert Zoo and Gardens State Park, Sitting Bull Falls and other outdoor attractions make Carlsbad a true destination.
Carlsbad and Eddy County are poised for the future growth positive outlook moving forward.
The Carlsbad Department of Development is the economic development agency for the City of Carlsbad and Eddy County, New Mexico.
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