Posts Tagged ‘First Community Bank’

Release courtesy of the Hispano Chamber of Commerce de Las Cruces

Las Cruces, N.M. – Local bank representatives and business counselors will join the Hispano Chamber of Commerce and the City of Las Cruces to distribute information and answer questions from the public during the inaugural Small Business Lending Fair, set for 9 a.m. to 2 p.m. Friday, Aug. 5, at the Las Cruces Convention Center.

The first event of its type and size in Las Cruces, the Small Business Lending fair is a new annual event organized by the Hispano Chamber targeted at local economic development by facilitating the start-up and expansion of small businesses in our community.

“Our members, as well as people in the community, have voiced their need for this type of event in Las Cruces,” said Peter Ibarbo, chair of the Hispano Chamber’s Economic Development Committee and co-organizer of the event. “By bringing all of the financial institutions together, as well as micro-lenders and government loan programs, Hispano Chamber members and members of the public will benefit from a ‘one-stop-shop’ if they’re looking to start a new business or grow their existing business.”

Participants invited to the Small Business Lending Fair include Bank of the West, Wells Fargo, Bank of America, Citizens Bank of Las Cruces, Bank of the Rio Grande, BANK’34, Century Bank, First New Mexico Bank, White Sands Federal Credit Union, FirstLight Federal Credit Union, OneSource Federal Credit Union, Bank of the Southwest, First American Bank, Western Heritage Bank, Pioneer Bank, First Community Bank and BBVA Compass.

“Why spend a week or more researching competing loan products when you can get the information all at once?” Ibarbo said. “Local bank representatives will be on hand to answer questions, set up future meetings and distribute information regarding their commercial loan products.”

The Small Business Lending Fair will be organized in an event similar to a job fair – with more than 40 exhibitors and vendors presenting information in a booth-type format.

In addition to traditional commercial lenders, the Hispano Chamber has invited ACCION New Mexico, The Loan Fund and WESST Corp. to provide information regarding their respective organization’s micro-loans. Micro-loans can be used by those who lack the capital, collateral or financial background to start a small business. Lenders such as ACCION and the Loan Fund have an established micro-loan clientele in southern New Mexico, including Las Cruces.

“Micro-lending is growing in popularity across the United States, and is a viable alternative to larger commercial lending,” Ibarbo said. “Anyone looking for more information on micro-loans should attend the Small Business Lending Fair.”

An injection of public or private capital is not the only way to grow an existing business. For current business owners and administrators who are looking to grow their clientele base without a loan, the Small Business Lending Fair will be host to business-support organizations such as the Hispano Chamber, Greater Las Cruces Chamber of Commerce, Green Chamber of Commerce, Downtown Las Cruces Partnership, Mesilla Valley Economic Development Alliance and the Sierra County Economic Development Organization. Business-referral organizations have also been invited, such as Masterminds de Las Cruces, Success … Inc.!, Synergy Business Network and Buzztown.

“It is part of the Hispano Chamber’s mission to educate its member and the public at large about all of the opportunities available to grow their business,” Ibarbo said.  “Often, business-support and business-referral organizations can provide that needed marketing boost.”

The Hispano Chamber has also partnered with the Office of U.S. Sen. Tom Udall to bring government lending partners to the Small Business Lending Fair. Government organizations invited to participate in the fair include the Small Business Administration, USDA Rural Development, Economic Development Administration, Housing and Urban Development and the Department of Labor.

Specialized SBA lender Enchantment Land Certified Development Corp. will also be on hand to distribute information and answer questions about SBA-backed loans.

Completing the “one-stop” shop at the Small Business Lending Fair will be the Dona Ana Community College Small Business Development Center (SBDC), PTAP, SCORE and WESST Corp., who will provide free business counseling at the event.

In addition to free counseling, the SBDC will also host three “How to Start a Business” workshops during the half-day event. Entrepreneurs interested in learning the initial steps on how to start a new business are highly encouraged to attend the Small Business Lending Fair.

The Small Business Lending Fair is free and open to the public. Residents from Las Cruces’ neighboring communities are also invited to attend.

For more information about the Small Business Lending Fair, call the Hispano Chamber at 575-532-9255.

About the Hispano Chamber of Commerce de Las Cruces:

The Hispano Chamber of Commerce de Las Cruces, through its diverse membership, advocates for business growth in the community and promotes Las Cruces and Hispanic business owners through economic development, education, community service, and cultural awareness. The Hispano Chamber of Commerce de Las Cruces was initiated in 1992 as the Hispano Chamber of Doña Ana County and in 1994 incorporated as The Hispano Chamber of Commerce de Las Cruces. The original founders consisted of a group of businesspersons interested in developing a support organization for small and Hispanic businesses.

The new MVEDA office in the First Community Bank Tower was packed Wednesday evening for an open house and ribbon cutting.  MVEDA moved from its previous location to the new offices on the third floor of the bank in September thanks to a generous in-kind contribution from MVEDA’s “Double Platinum Partner” First Community Bank.

Photo by Fred Shepherd

Prior to the ribbon cutting, Board Chairman George Ruth (right) presented First Community Bank Senior Vice President Karen Bailey (center) with a small token of MVEDA’s appreciation for the bank’s generous support. Members of the Greater Las Cruces Chamber of Commerce’s Conquistores and the Hispano Chamber of Commerce de Las Cruces performed a ribbon cutting ceremony and presented proclamations as a remembrance of the event.

The guests were treated with a great selection of appetizers from MVEDA Partner La Posta de Mesilla and MVEDA Partner Hotel Encanto de Las Cruces donated a gift certificate for a two-night stay, which was won by Robert Paquette of The Market Store.

Photo by Fred Shepherd

Photo by Fred Shepherd

MVEDA would like thank everyone who was able to attend Friday’s Regional Economic Development Forum, titled “A Tale of Two Ports.”  Those who attended were able to hear directly from leading experts on both the opportunities and challenges we face in Southern New Mexico in growing our region’s two commercial ports of entry, both the Santa Teresa Port as well as Spaceport America.

The MVEDA Board of Directors and Staff want to give special thanks to our key note speakers:

• Francisco Urango, Corporate Vice President and Chief Business Operations Officer for Latin America,for Foxconn.   Foxconn is the largest contract manufacturing company in the world with a significant manufacturing presence in San Jeronimo, next to the Santa Teresa Port of Entry,

• Carissa Bryce Christensen, founder and Managing Partner of The Tauri Group, an analytic and engineering firm based in Alexandria, VA, which provides expertise on the economic, market, technology and policy issues associated with commercial spaceflight, and

• Dr. Lowell Catlett, Regent’s Professor/Dean and Chief Administrative Officer at NMSU’s College of Agricultural, Consumer and Environmental Sciences.  Dr. Catlett is also a national speaker and futurist on trends associated with technologies and their implications on the way we live and work.

Special thanks also go out to our expert panelists that included:

• Juan Massey, Director of Regulatory Affairs at Verde Realty,

• Jerry Pacheco, Executive Director of the International Business Accelerator,

• Andrew Moralez, Executive Director of the New Mexico Border Authority,

• Zoe Gisela Richmond, Director of Public Affairs for Union Pacific,

• Robert X. Martinez, VP of Construction Management for Gerald Martin,

• Keith Beck, VP and General Manager of the Jacob’s Technology Test and Evaluation Center,

• Wayne Savage, Program Manager of Progressive Construction Management, and

• Mark Lautman, Principal of Lautman Economic Architecture Partners, LLC.

For those of you who could not attend, we will be placing parts of the presentations on our website in the coming weeks.

Q1 2010-’11 Activity

MVEDA entered the 2010-’11 Fiscal Year with twelve, high-priority projects, consisting of approximately 1,200 jobs with a realistic chance of closing in the current fiscal year.   Approximately 1/3 of those jobs (as illustrated in the blue on the chart below), consisting of primarily manufacturing and renewable energy companies, show a very strong chance of closing.  What this means to MVEDA’s internal operations is that we have turned much of our attention this past quarter towards the project management needs of our clients.

Additionally, MVEDA continues its aggressive marketing campaign and year to date we have developed 22 new leads consisting of approximately 925 employees and 785,000sf of required space.   In comparison to last year, total new leads are slightly down and we see a shift in industry specific leads especially within food processing which currently represents 25% of all our new 2010-’11 leads as compared to only 3% of total leads for the same period last fiscal year.

Manufacturing/logistics and aerospace also showed some slight growth as a percentage of total leads while renewable energy leads dropped to 21% of total leads YTD 2010-’11 compared with 32% for the same period last fiscal year.  Additionally, whereas a large portion of our renewable energy leads last year were involved in manufacturing, we see a much larger portion of this year’s renewable energy leads involved in renewable energy generation.

With respect to employment trends in the region versus the rest of the United States, the Las Cruces market has fared very well.  In a September 2010 report by Garner Economics LLC, which measured job growth trends amongst 158 U.S. metros, Las Cruces was recognized along with 15 other metros as setting new record employment numbers.  Garner Economics’ report quoted:

“The July 2010 employment numbers also show that sixteen metros have set new records; surpassing July peak employment totals from the previous five years (see map and table).”

As illustrated in the map and table provided as part of the Garner Economics report, Las Cruces NM was ranked 8th amongst these 16 cities in terms of the percentage increase in jobs with over 1,900 new jobs added over July 2009.

In the upcoming months, MVEDA will continue to be active in several events.   Later in October, MVEDA is sponsor to ISPCS as well as to the VC Speed Dating Event put on by the Arrowhead Center.   We will also be attending the BizTech 2010 Expo in El Paso.

Finally, if you were not already aware, the MVEDA staff is now settled into our new offices in the First Community Bank Building in downtown Las Cruces.  Our formal address is: 1st Community Bank Tower, 277 E. Amador, Suite 304, Las Cruces, NM  88001.  We hope you can all stop by and visit us in the very near future.

On September 1^st, the Mesilla Valley Economic Development Alliance (MVEDA) moved into its new office space in the First Community Bank Tower, 277 E. Amador, Suite 304, in Las Cruces, New Mexico. In a message to MVEDA’s partners, Chairman of the Board George Ruth thanked Double Platinum Partner First Community Bank for the very generous in-kind contribution that the bank made to enable MVEDA to enhance its ability to service its customers as well as enhancing its professional look. MVEDA’s mailing address (PO Box 1299, Las Cruces, NM 88004) and phone numbers have not changed.

In its monthly board meeting of July 15th, 2009, the MVEDA Board of Directors elected new officers and board members for the upcoming year. New Board Chairman George Ruth of Citizens Bank of Las Cruces was elected at the June 17th board meeting. He replaces Immediate Past Chairman Bryn Davis of Sapphire Energy.

New officers for the upcoming year are:

• Vice-Chair – Gary Lenzo, First Community Bank
• Secretary – Dolores Connor, City of Las Cruces
• Treasurer – Kiel Hoffman, Pioneer Bank
• Executive Committee Member At-Large – J.B. Pruett, Northrise Ventures, LLC

Re-elected board members are:

• Clay Doyle, El Paso Electric
• Gary Lenzo, First Community Bank
• Gabe Ruiz, New Mexico Gas Company

New board members include:

• Jim Easley, Wells Fargo Bank New Mexico
• Stan Rounds, Ex-Officio, Las Cruces Public Schools

MVEDA is governed by a board of directors representing both the private and public sectors. Institutional members represent the City of Las Cruces, Dona Ana County, New Mexico State University, Dona Ana Community College, the Greater Las Cruces Chamber of Commerce, the Hispano Chamber of Commerce de Las Cruces, and White Sands Missile Range. Private sector board members represent a wide diversity of business and industry. They serve 3-year terms and are elected by the board.