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Prepare all of the ingredients. Start water boiling for pasta.
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In a frying pan over medium-high heat, add bacon. Cook until crispy then remove to paper towel covered plate.
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In a large sauce pan over medium-high heat, add oil, onions and garlic. Cook for 3 minutes then add ground beef, cumin and chili powder. Crumble and cook until no longer pink. Add tomatoes and corn, then reduce heat to low.
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Add pasta to boiling water and cook as directed on package. Drain in colander and rinse with cool water to arrest cooking. Return to pot, away from heat.
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In a saucepan over medium heat, add butter and garlic powder. Once melted, whisk in flour. Cook for 2 minutes then whisk in chicken broth. Cook for 2 minutes then whisk in heavy cream. Cook for 2 minutes then add jalapenos and cheese. Continue to stir until fully melted and combined.
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Add bacon, meat mixture and cheese sauce to pasta in pot and stir to combine.