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Old Posted May 9, 2018, 3:07 PM
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Albuquerque tech firm Lavu planning for new jobs, office move

By: Chris McKee
KRQE 13

An Albuquerque tech success story, Lavu is once again getting ready to grow and move, and the firm is getting new cash from the state to do it.

A point-of-sale software company, Lavu is expected to get $270,000 in grant funds from the state's Local Economic Development Act, or LEDA program, with the promise that the company will add new jobs over the next few years.

The investment was revealed Tuesday in a meeting of the Bernalillo County Board of Commissioners. The county voted to act as the "fiscal agent" for Lavu's LEDA grant, meaning it will oversee the grant's distribution and use.

Lavu's had high visibility on the corner of First Street and Central Avenue for more than three years, but the company says they've outgrown the space and need a bigger location.
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