Board approves funding for EDC

February 24, 2014 • Local News

The Chaves County-Roswell Economic Development Corporation will continue its push to bring new business [auth] and workers to the county after county commissioners approved allocating funding to it last week.

“I’m very grateful, as is the board, for the reinstatement of the funding,” said Executive Director John Mulcahy. “Without it, we would have a very difficult time marketing. So, we’re very grateful they helped.”

Mulcahy will use the funds for travel, marketing and operations. He has already traveled to Phoenix and will head to Dallas next week to market the county and city to businesses and job hunters.

The county budgeted $175,000 for the EDC in the 2013-14 fiscal year that began July 1, 2013. But the county cut the corporation’s funding to $75,000 until the EDC found an executive director.

Mulcahy was selected after a lengthy search following the retirement of Bob Donnell last year. Donnell announced his retirement in November 2012, after serving the EDC for 10 years.

Mulcahy took the position in December.

At Thursday’s county commission meeting, the board voted to pay the EDC $65,000 from Feb. 1 to June 30.

The decision “was based on a specific request for funding so that EDC can continue to identify potential businesses that would be willing to move to our community and provide significant jobs,” said Commissioner Greg Nibert.

“It appeared to the finance committee that by giving EDC the additional money that (Mulcahy) will be able to renew the efforts of actively recruiting business to Chaves County,” Nibert said.

Mulcahy said earlier this month that filling jobs and expanding the net was “absolutely an economic priority.”

According to the latest numbers, Mulcahy figured the county had 1,100 job openings.

In other action Thursday, commissioners approved amending the budget to increase a payment to the State of New Mexico Children, Youth and Families department by $16,720.

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