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Copyright © 2021 Albuquerque Journal Lavu Inc. vacated its luxury suite Downtown this week for a much smaller Uptown space after facing financial difficulties in the pandemic. The company’s new 3,000-square-foot office is nearly six times smaller than the 17,700-square-foot space it previously leased at the U.S. Eagle Building next to Albuquerque’s Central Plaza. It moved into that Downtown space only two years ago, backed by state approval of up to $270,000 in Local Economic Development Act funding and much fanfare by local officials celebrating the success of the homegrown technology startup. ...................... But the pandemic has severely cut into company revenues since March, leading to a major reduction in staff, which conflicts with its LEDA funding, plus difficulties paying its monthly rent Downtown.

United statesJacquelyn turcichTom thorpeBruce krasnowSaleem khatriEconomic development departmentAlbuquerque plaza office investmentLavu incEconomic developmentBernalillo county second judicial district courtDowntown albuquerqueLocal economic development actBernalillo countySecond judicial district courtஒன்றுபட்டது மாநிலங்களில்டோம் தோர்ப்