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The 505 Awards

Leadership in Economic development


Our community has always been on the forefront of innovation, producing some of the greatest scientific and technological breakthroughs in history. Albuquerque is full of dreamers and doers - of people who are willing to take chances to advance our city. These thought leaders paved the way for where we’ve been, where we are and where we’re going.

We want to celebrate the people in our community who are working tirelessly every day to drive meaningful growth and job creation here. The Leadership in Economic Development Awards recognize individuals and organizations that are making exceptional contributions to economic growth and prosperity in the Albuquerque metro area, resulting in improvements to the region’s overall economic strength.

save the date! tuesday, november 5

Save the date for the inaugural 505 Awards banquet, taking place this coming November. The annual luncheon will recognize the movers and shakers in economic development. Event tickets will go on sale in September.


award categories


Organizational awards

Community leadership award

This award recognizes an organization that has made significant contributions toward advancing and strengthening the community’s economy.

  • The organization may be public or private.

  • The organization must have an established operation with employees in the Albuquerque metro area.

  • The nomination profile must describe and quantify how the organization has contributed to economic development in the region through leadership, financial support, local investments, hiring, training, or related activities. These achievements should be described in detail and include quantifiable data when possible. The nomination profile may also include other information about community involvement by

Excellence in workforce development award

This award recognizes an organization that has played a leading role in workforce readiness, including the implementation of training and educational programs, the sponsorship of scholarship or grant programs, the creation of internship or mentorship programs, or other efforts to develop long-term job skills and career pathways for the region’s workforce.

  • The effort may be public or private, but its focus must be on developing the skills of a segment of the workforce in the Albuquerque metro region in order to prepare people for emerging job opportunities.

  • The nomination profile must describe the organization’s achievements, including the outcome of its workforce development program(s) and the number of individuals trained, placed, or who have otherwise been assisted.


Individual awards

Lifetime Leadership Award

This award recognizes an individual whose ongoing commitment to economic development has made a significant and lasting impact on the Albuquerque metropolitan area.

  • The individual must have a demonstrated history of supporting and implementing economic development initiatives in the Albuquerque metropolitan area over a minimum period of 15 years.

  • The nominee must be a positive role model in the community, and the nomination profile should outline the nominee’s volunteer service and leadership positions in the community.

  • The individual must have a track record of executing economic development projects that create jobs, diversify the region’s economy, and spur investment in the state. The individual’s role in these projects must have been significant, preferably in a position of lead decision maker. These accomplishments should be described fully in the nomination profile.

Advocate of the year award

This award recognizes a business leader who has made a measurable difference in the economic development arena during the past year by investing in a project(s) that have created or will create jobs in the Albuquerque metropolitan area.

  • Individuals nominated for this award must work in the private sector.

  • The nomination profile must describe the role the individual played in planning and/or implementing new and creative economic development activities or projects during the 12 months prior to the date of nomination. The activity or project does not have to be completed at the time of nomination, but it must be launched and making progress toward completion.

  • Special consideration will be given to innovative work undertaken by the nominee, such as projects that involve a unique partnership, are located in an underserved community or redeveloping area, serve a special population, involve the creative use of resources, or have other unique factors. These characteristics should be described in the nomination profile.

Public Service leadership award

This award recognizes a current or former public official or public employee who has served as a committed supporter of economic development efforts over a period of at least three years.

  • The public official may be elected or appointed and may serve at the municipal, county or state level in a paid or unpaid role.

  • The public employee may work for a municipal, county or state agency or department.

  • The nomination profile must provide specific examples of ways the individual supported economic development, such as by introducing legislation, partnering with private economic development organizations, participating in successful recruitment or expansion projects, or advocating for economic development programs.

rising star award

This award recognizes an emerging leader who is contributing to economic development programs, projects and activities in a significant manner that leads to increased investment in the community and job creation.

  • For the 2019 award cycle, the nominee must be no more than 40 years of age on June 28, 2019.

  • The nominee may work in the public or private sector.

  • The nomination profile should describe the individual’s role in projects or activities that have led to business recruitment or expansion, job creation, economic diversification, and private investment in the Albuquerque metropolitan area.


event Sponsorship


Sponsorship opportunities

This one-of-a-kind event will bring Albuquerque’s decision makers to one location to celebrate where we’ve been, where Albuquerque is now, and what our city could be in the future. If you would like to learn more about how you can sponsor this event, please contact Beth Waldrip at beth@abq.org.