The Southwest New Mexico Economic Development Partnership met in Silver City Wednesday, Jan. 9, in the morning. The group, which is comprised of representatives from Catron, Grant, Hidalgo, and Luna counties grew out of the Stronger Economies Together program. The U.S. Department of Agriculture Rural Development paid for the SET training taught by Michael Patrick of New Mexico State University.

Linda Smrkovsky, Deming-Luna County Economic Development executive director, serves as chairwoman of the group. She pointed out that the group needs "more inviting meetings to bring in other people.  We were supposed to have Kristine Shoberg of Udder Delight in Glenwood to speak to us this month, but she was ill. We have her slated for next month."

Jerry Welch of the Southwest New Mexico Regional Housing Authority and Development, which is overseeing the grant received to set up a revolving loan fund, said SET members would direct the loan fund as the Loan Committee.

"We can loan out to small entrepreneurs," Welch said.

Patrick asked if the group would be saying: "yes to this loan, no to that one and would be responsible for collecting delinquent loans?"

When Welch replied: "Yes," Patrick said: "Good luck."

Smrkovsky said Loan Committee members would consist of bankers and accountants who would be qualified to manage such loans, but the Housing Authority would cut the checks.

Anthony Gutierrez, Grant County planner, asked for a structure for the committee that the SET members could look at. He also pointed out that the grant money is available, but not all the match money has been collected. "We don't have any information to tell people."

"Right now the Authority is too busy with weatherization, but we will work to have the structure and information at the next meeting," Welch said.

Patrick suggested that two or three SET members interface with Welch.

Smrkovsky said the revolving loan fund would be available to residents of the four counties. "We will work with entities to help them qualify. Most will be low to moderate income, who are starting or growing a business, but are using their credit card, because they can't get a bank loan."

Linda McArthur of the Silver City Small Business Development Center said the SBDC could get involved and "we can also help with formulating business plans."

"We need to get after it and show success," Gutierrez said, "so we can do other things, too."

Patrick asked if there were a timeline to get matches in the bank. Welch replied that the Authority has a year to get it up and running.

Smrkovsky said the USDA has a model for revolving loan funds.

Patrick then did some training on planning for business success. His first question was to ask for the difference between a business idea and a business opportunity. The opportunity meets a demand for something consumers need. A successful business idea is one that meets a consumer need and returns a profit to the business. "Would-be entrepreneurs must be able to identify customers and the market for the product or service."

The three driving forces for a successful new business are opportunity, the entrepreneurial/manager/management team, and resources.

He said resources would flow to a bonafide business opportunity. Patrick gave out a business plan outline, which is needed to access resources. "I think the target market is the most important part. If you don't get the market right, the financials won't work, so do market research first."

Patrick outlined the steps for making a business legal and presented a business plan for the members to read and critique.

He switched gears and talked about a model that helps determine what is needed in a community for recruitment of outside businesses to the area. They include the community goals and priorities; the community assets that will help achieve the goals and priorities; industry needs and factors that are important for locating their operations into a community; and businesses that are consistent with the community goals and assets.

"My idea was that SET could use this model, but we have to gather all the needed information from the four counties," Patrick said.

Discussion ensued on which counties had the information and which needed to develop the information. The rest of the meeting was discussion among members on how to determine and reach the region's goals.

The next meeting of the Partnership/SET will take place at 10 a.m. Wednesday, Feb. 13, at the Deming Conference Center, 119 E. Pine Street, Deming.

Live from Silver City

Join GCB Three Times Weekly Updates

Welcome to Three Times Weekly Updates! You will be subscribed to email notifications with links to recently posted articles.
You can unsubscribe anytime. We never share or rent your email to anyone.

Fire Alerts

Editor's Note

The Grant County Beat endeavors to post to the Elections page, under News, at the least, notices of candidates for Grant County races. Some candidates for statewide races have also sent their notices. 

The Beat continues to bring you new columnists.Recent additions  include the Christian Corner, for those who are already Christians or are exploring the beliefs.

The second is a business-centered column—Your Business Connection by the New Mexico Business Coalition. The group works to make policy in the state of New Mexico better for all businesses, large and small.

The Beat has a column for you gardeners out there. The Grant County Extension Service will bring you monthly columns on gardening issues. The first one posted is on Winterizing your houseplants and patio plants.

The Beat totally appreciates its readers!  


All articles and photos indicated by a byline are copyrighted to the author or photographer. You may not use any information found within the articles without asking permission AND giving attribution to the source. Photos can be requested and may incur a nominal fee for use personally or commercially.

Don't forget to tell advertisers that you saw their ad on the Beat.

Feel free to notify editor@grantcountybeat.com, if you notice any problems on the site. Your convenience is my desire for the Beat.

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn advertising fees by advertising and linking to Amazon.com.

If you subscribe to the Join GCB Three Times Weekly Updates option on the left side of this page, you will be subscribed to email notifications with links to recently posted articles.

Note: This is another component that is in progress of going to a different software to make it easier for you to use and find classifieds that interest you. Check Out Classifieds. And look at Sponsors to see who is helping the Beat.

It's really easy to check to see if there's a classified ad. Just click on Classifieds in the blue menu and the page will open letting you know if there is a classified ad. Remember that your buying classified ads gives you a wide readership, as well as supporting the Beat. Post YOURS for quick results!

Note that if an article does not have a byline, it was sent to the Beat and written by someone not affiliated with the Beat

When you click on the blue and orange button on the upper left side of most pages, you will find out how you can help the Beat defray its expenses, which, with increased readership, continue to grow. You will arrive at a page that gives you options of how you can Help the Beat. All help is greatly appreciated and keeps the news you want and need coming into your browser.

Consider the Beat your DAILY newspaper for up-to-date information about Grant County. It's at your fingertips! One Click to Local News.

Thanks for your support for and your readership of Grant County's online news source—www.grantcountybeat.com