Posts Tagged ‘Citizens Bank’

Article courtesy of the Las Cruces Sun-News

By Brook Stockberger/Sun-News Business Editor

LAS CRUCES – Manufacturing is not dead. That was the message Davin Lopez, president and CEO of the Mesilla Valley Economic Development Alliance, gave a breakfast audience at Hotel Encanto de Las Cruces on Thursday. MVEDA’s annual breakfast allows the private/public entity to give report for the recently completely fiscal year.

“It’s a tough time to talk about the economy,” Lopez said. “(And) we’ve been feeling it for the last couple of years.”

Still, the economic development group reports that lead development remains strong and there has been a “significant” jump in terms of manufacturing.

“Almost 45-percent of our leads are in manufacturing and logistics,” Lopez said. “We are hearing that heavy manufacturing is coming back to America.”

He pointed to the addition of Alaska Structures at the West Mesa Industrial Complex. The Anchorage-based company which makes shelters for the military as well as commercial customers, moved into a 184,000-square foot building that used to house Rea Magnet Wire, and also uses about 100,000 square feet at the previously empty building at 8500 Mountain Vista Parkway where Parkview Metal Products used to reside.

“If you think back 12 to 18 months ago, think of all those facilities sitting vacant,” Lopez said.  In fact, he said the Las Cruces area could use more spec buildings. “The biggest challenge we have going forward is we need more buildings,” Lopez said.

In addition, capital investment has jumped considerably in Dona Ana County, spurred by the recently begun Union Pacific Railroad project in Santa Teresa, but also ahead of the pace of the past several years even without Union Pacific.

New officers

Gary Lenzo with Century Bank is MVEDA’s chairman of the board as the new fiscal year begins, stepping in for Citizen’s Bank’s George Ruth, who will now serve as past chairman of the board.  ”I have some big shoes to fill,” Lenzo said.

In addition to Lenzo and Ruth, other officers include: Vice Chair Kiel Hoffman, Pioneer Bank; Secretary Dolores Connor, City Councilor; Treasurer Jim McGonnell, Memorial Medical Center; Executive Committee Member at Large Jack Darnall, Verde Realty.

Bryn Davis, New Mexico operations manager for Sapphire Energy and former past chairman of the board, was presented with a special award for all the work he has performed for MVEDA through the years.  ”I know I’m on the phone with him a lot,” Lenzo said.

Brook Stockberger can be reached at (575) 541-5457.

Release courtesy of the Governor’s Office

SANTA FE – Governor Susana Martinez announced today that she has made appointments to all positions on the Spaceport Authority Board of Directors. The appointments come as the Martinez administration continues to review all boards and commissions to make necessary adjustments and ensure that New Mexico’s taxpayers receive the best possible return on their investment. Each member has agreed not to conduct business with the Spaceport for two years after leaving their position on the board.

“I believe that with the right leadership and the right approach, the Spaceport can be a successful venture that brings jobs to New Mexico,” said Governor Martinez. “New Mexico’s taxpayers have made a significant investment in the Spaceport project. It’s time to see the project through to completion by bringing in private funding. In order to let taxpayers know that their government will operate in an open and honest manner, I have also asked each board member to make a commitment that they will not conduct business with the Spaceport for two years after their tenure on the board ends. I look forward to working with the new board members to ensure that we responsibly develop the Spaceport to its full potential, bring new jobs into New Mexico, and give taxpayers a healthy return on their investment.”

The members of the Spaceport Authority Board of Directors are listed below.

•        Chairman Richard Holdridge is a retired Air Force officer from Deming whose military service included a heavy focus on satellite program acquisition and overseeing the manufacturing, planning, and operation of United States Department of Defense satellite programs. After retiring from the Air Force, Holdridge was elected to the Deming City Council, where he served from 1998 to 2000. He currently manages his family’s real estate development and farming businesses in southern New Mexico. Holdridge earned his B.S. in Astronautical Engineering from the United States Air Force Academy, his M.S. in Aeronautical Engineering from the University of Dayton, and his PhD in Astronautical Engineering from Stanford University.

•        Irvin Diamond is a Certified Public Accountant and a Senior Principal at REDW Stanley Financial Advisers in Albuquerque. He is also a Certified Financial Planner and chairs the Board of Directors at Amerinst Insurance Group. Diamond holds degrees from John Carroll University and the University of New Mexico.

•        Sid Gutierrez is a former NASA astronaut who currently serves as Director of ES&H and Emergency Management as well as Chief of Safety for Sandia National Laboratories in Albuquerque. Gutierrez piloted the Space Shuttle Columbia in 1991 and served as Mission Commander for the Space Shuttle Endeavor in 1994. He also served on NASA’s Aerospace Safety Advisory Panel and International Space Station Management and Cost Evaluation Taskforce. Gutierrez earned his B.S. in Aeronautical Engineering from the United States Air Force Academy and his M.A. in Personnel Management from Webster University.

•        Jerry Stagner is the President of Citizens Bank in Truth or Consequences. He also served as President of State National Bank and has an extensive background in the banking field. Stagner holds a B.B.A from Eastern New Mexico University. He previously served as a member of the Spaceport Authority Board of Directors.

•        David Buchholtz is an attorney at Brownstein Hyatt Farber Schreck, LLP in Albuquerque. His practice includes government finance law, economic development and state tax incentive law, financial institutions law, securities law, and corporate law. Buchholtz has been a private practice attorney since 1976. He is a founder and member of the Board of Directors of Think New Mexico and also served as an adjunct professor at the University of New Mexico Law School. He earned his B.A. from the State University of New York at Binghamton and his J.D. from the Georgetown University Law Center.

•        Scott Krahling is a marketing consultant from Las Cruces who specializes in developing and implementing marketing plans for small businesses and real estate clients in Dona Ana County. Krahling also serves as a member of the Dona Ana County Board of Commissioners. He holds a B.A in Government and Journalism & Mass Communications from New Mexico State University.

•        Benjamin Woods serves as the Senior Vice President for External Relations and Chief of Staff at New Mexico State University in Las Cruces, managing the Office of Government Relations as well as the University Communications and Marketing Services in that capacity. Woods has served as an administrator at NMSU since 1987, working in multiple fields for the university, including Planning, Physical Resources, and University Relations. He holds a B.S. in Civil Engineering from Texas A&M University and earned his M.B.A from Rensselaer Polytechnic Institute. Woods previously chaired the Spaceport Authority Board of Directors.

MVEDA’s Business on the Border Luncheon this past Tuesday featured a group of commercial lenders who addressed some of the obstacles to obtaining financing faced by today’s business owners.  Our panelists/speakers included Kim Hakes from Citizens Bank, Michael Cheney from Wells Fargo, and Clyde Hudson from USDA, each providing perspectives on the state of available financing in today’s economy.   We thank them for taking their time and expertise they provided to the group.  Access to financing is a subject matter that is not only important for the sustainability of all local businesses, but it is also extremely relevant with respect to economic development and business attraction.

Photo by Gabriel Vasquez, Las Cruces Bulletin

We find that as economic developers, we are being asked more and more to find localized financing solutions to companies looking at expanding into the region.   This is a significant shift from just two years ago when the primary concerns of clients were workforce labor and real estate.  Therefore it was positive to hear from our banking panelists that they were beginning to see a recovery in commercial lending and it was great to hear from Mr. Hudson how active USDA has been in their lending programs during these challenging economic times.

At MVEDA, we are also looking to identify and work with programs that might assist with business financing needs.  We are also pro-actively marketing and promoting the business assets we have in the region that make us great destination for certain industries.  In mid-March, MVEDA joined the Greater Las Cruces Chamber of Commerce and New Mexico State University as part of a delegation that went to Washington, D.C. to promote and support activities at White Sands Missile Range.  In April, MVEDA will be participating in two aerospace tradeshows, Space Access 2010 in Phoenix, and the National Space Symposium in Colorado Springs.  This is part of MVEDA’s continued support of Spaceport America and growing our commercial aerospace potential.  Finally, in the last week of April, MVEDA will be attending the International Asset Management Council (IAMC) Conference which is made-up of leading site selection consultants and corporate real estate decision makers from throughout the country.

MVEDA’s lead generation is still very active led by the renewable energy cluster which makes up 34% of all of our leads for the year.  This past month showed stronger industry balance in new leads generated with the biggest increase in lead generation found in the business/finance sector.