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Newspaper Archive of
Hidalgo County Herald
Lordsburg, New Mexico
September 4, 2015     Hidalgo County Herald
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September 4, 2015
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HlDALGO COUNTY HERALD SBDC S_|3A-backed loan program helps businesses buy growth assets by NORMA VALDEZ/of The Loan Fund Ready to make things look better, or need more space? Let the US Small Business Adminis- tration (SBA) give you a helping hand. Your business may qualify for a 504 loan, which could make expanding or sprucing up your facility possible. This week’s article gives details. Small companies often lease space before buying or building a property that allows them to expand or modernize. When they’re ready for that leap of faith, the US. Small Business Admin- istration can help by underwrit- ing a significant portion of any loan they need. The SBA’s 504 loan program is a public-private partnership administered through a Certified Development Company (CDC) that helps small, independently owned companies secure the fixed assets — such as land, building and equipment — that they need to grow and be com- petitive. If the business owner can provide a minimum of 10 percent of the loan amount, the CDC will underwrite 40 percent — up to $5.5 million in some cir- cumstances — and this makes lenders more comfortable offer- ing a first mortgage for the re— maining 50 percent. The Loan Fund, a commu- nity development financial insti- tution, works with the SBA and CDCs to help business owners obtain 504 loans and access money they might not be able to get. This lets business owners conserve cash for other operating costs. Who Is Eligible A 504 loan can be used to cover the costs of any fixed asset. The business can use the money to buy land or a building, build a new facility or renovate an older site. Landscaping and infrastruc- ture necessary to the operations of a business are eligible ex- penses, or the money can be used to install utilities or parking lots or buy durable machinery or equipment with a 10-year work life. To be eligible, a company must be a for—profit entity, have a tangible net worth of less than $15 million and average annual net income of less than $5 million. The 504 financing must result in a minimum number of new jobs or meet a public policy goal, depending on the loan amount. Startups can qualify by prov- ing they have qualified manage- ment with industry experience, a solid business plan, access to working capital and a minimum equity contribution of 15 percent. More Than Money The Loan Fund works with the CDC’s 504 loan specialists, such as Lorena Chavez of Capi- tal Certified Development Cor— poration and Steve Carruthers of the Enchantment Land Certified Development Corporation, to prepare the loan paperwork, co— ordinate the efforts of all parties and structure the loan to balance the interests of the borrower and the SBA. The Loan Fund’s commu- nity development officers also work with business owners and entrepreneurs to ensure they have all of the tools they need to suc- ceed. Besides financing that’s tai- lored to their specific needs and resources, business owners have access to technical assistance and business consulting services. Loan officers act as counselors, coaches and guides to help cli- ents reach their business goals. New Mexico business own- ers looking for financing have turned to The Loan Fund for 25 years. Founded in 1989 by the New Mexico Conference of Churches to combat systemic poverty, the nonprofit organiza- tion continues to encourage self- employment and entrepreneur- ship in every part of the state. The organization has helped secure more than 7,700 jobs in New Mexico by deploying more than $55 million in loans across the state since inception. in 2014, 92 new loans totaling $5.5 million helped secure more than 500 jobs. The Loan Fund currently has almost $13 million in loans outstanding in New Mexico. For more information, visit or call (505) 243-3196. An archive of SBDC Busi- ness Reports can be found at http://www.grantcounty items Western New Mexico University’s Small Business De- velopment Center assists entre- preneurs who are starting a busi- ness or wanting to expand an ex- isting business. These services are available at no cost. Call 538- 6320 for an appointment with a business advisor, or email The SBDC of- fice is located in Watts Hall at 500 18th Street, at the intersection of Swan and Silver Heights Blvd. An appointment at your office is available by request. More infor- mation may be found at Contact the SBDC office for information about the following events: - September 15 — Harnessing the Power of Electronic Media September 17 — Connect and Lead: Social Media Tips for Entrepreneurs and Organizations UPCOMING EVENTS Continued from Page 1 MVD office hours The Lordsburg Motor Ve- hicle Department office will be closed on Thursday, September 3. The office will be open on Fri-_ day, September 4, but closed again on Labor Day, Monday, September 7. Literacy Program The Hidalgo County Lit- eracy Program (HCLP) offers 1- to-l/class tutoring for basic read- ing, language, math and com— puter skills. HCLP also offers tu- toring in English Second Lan- guage (ESL) and pre—GED/GED prep. Office location is 317 E. 4th Street, Suite B. Entrance to HCLP is located off the alley, second door to the right. Contact Program Director Sherri Arredondo at 575- 313-7738 or email at Commodity Distribution RRFB Mobile Food Pantry will distribute commodities ev- ery third Monday of the month at Special Events Center, 10 AM to 2 PM. Recipients must self de- clare need. The next distribution is September 21, 2015. MVD office hours The Lordsburg Motor Ve- hicle Department office is now open Monday thru Friday, 8 AM till 4 PM, closed for lunch from 12-1. Line Dancrng Beginning line dancing meets Wednesdays at 10:00 am. at the Special Events Center. Advanced line dancing is held at 6:15 pm. at the Senior Citi— zens Center, Mondays and Thursdays. Bring your water and come join in the fun for some low impact exercise, good music and fun! It’s free and no experience is necessary. For more information call Fabiola Cano 575-542-2356. Step Aerobics The Active and Alive Hot Steppers Aerobics class is held at 6:00 PM at CentralElementary School on Tuesdays and Thurs— days. For more information call Fabiola Cano 575-542-2356. Veteran photos The Hidalgo County Herald is continuing to accept photos of veterans to be added to our exist- First Baptist Church New Mexico Press Association Member of Lordsburg 3rd & Animas Streets Lordsburg, NM 88045 57 642-3787 Hidalgo County Herald (USPS 020697) is published weekly by Hidalgo County Herald in the City of Lordsburg, County of Hidalgo, 212 E. Motel Drive, Suite B, Lordsburg, New Mexico 88045-1948, 52 issues a year. Subscription rates vary. Subscription rate is $40 per year by USPS mail, $25 per year by email. Requests for correc- tions and complaints concerning news and editorial content of the Hidalgo County Herald should be directed to the editor. For further information on the Hidalgo County Herald’s approved grievance policies, readers may contact the publisher. Any unsolicited manu- scripts become the property of the Hidalgo County Herald and will not be returned. All information contained herein is copyrighted 2015 by the Hidalgo County Herald. All photos/stories, unless stated, are written by our staff. POSTMASTER: Send address changes to Hidalgo County Herald, 212 E. Motel Drive, Suite B, Lordsburg, NM 88045- 1948. Periodicals Postage Paid at Lordsburg, New Mexico. PUBLISHER/EDITOR: Brenda Hood ADVERTISING MANAGER: Glenda Greene PHONE: 575-542-8705 FAX: 575-542-8838 E-MAIL ing database of more than 400 photos. If you or your loved one was not included in the 2005 col- lection of photos, please bring your photo to the Herald on Mon- days from 9 to 2 or Tuesdays from 9 to 5 pm. You will also need to provide branch of armed forces served and War or conflict the vet- eran served in, if applicable. If you are unsure whether or not the photo is on file, call 575-542— 8705. WaterAerobics Active and Alive Water Aero- bics will be held at the Comfort Inn on Tuesdays and Thursdays from 9:30 to 10:30 am. For more information call Fabiola Cano 575—542-2356. AA/ NA Meetings Alcoholics Anonymous (AA) meetings are held on Wednesdays from 8—9 PM at 1036 E. Motel Drive and Fridays at noon at La Frontera in Lordsburg. Narcotics Anonymous (NA) meetings are held on Saturdays from 5:30-6:30 PM at the First Methodist Church. For more information call 575.542.8115 or 575.654.6698. Suicide prevention Suicide Prevention meetings are held the first Monday of each month at the Hidalgo Complex in Lordsburg at 7:00 pm. The public is invited. Listing yourevent Have your upcoming event listed in the Hidalgo County Her- ald by calling 575.542.8705 or emailing it to hcherald@ FRIDAY, SEPTEMBER 4, 2015 3 HHS to offer historic tour Laor Da weekend The Hillsboro Historical Society is sponsoring a historic home tour during the Antiques Festival taking place on Labor Day weekend. All ticket holders for the home tour event are invited to find the “Mule Shed” located in Hillsboro and pictured here. Locals to Hillsboro are ineligible.Tickets will be available both at the Hillsboro Historical Society gift shop on Main Street and at the Community Center where the Antiques Festival displays will be. A home tour booklet with map and historic details on the nine featured homes and instructions for the contest comes with your $10 ticket that can be used for either day of the tour on Saturday and Sunday from 11-3. Home Tour monies will support the Society’s projects toward preservation of Hillsboro’s history and public education. Don’t forget to get your Mule Shed T-shirt, commemorating the Historic HomeTour, on sale at the gift shop or festival. Tyrone to halv By BENJAMIN FISHER/Silver City Daily Press Freeport—McMoRan has an- nounced that they will be cutting 210 employees from their ranks at the Tyrone mine. The employ- ees will be let go over the next few months. This announcement follows weeks of rumors implying layoffs at the mines. The company said in a press release Thursday that the layoffs are just one of many operations changes made, in large part, because of the still falling price of copper. “In response to recent de- clines in commodity prices and the current weakness in global economic conditions, FCX is un- dertaking aggressive actions to modify its operations and spend- ing plans to enhance its financial performance,” the company said in a press release Thursday. “... Copper prices averaged $3.11 per pound in 2014 and $2.69 per pound in the six month period ending June 30, 2015. During the third quarter of 2015, copper prices have averaged $2.41 per pound and currently approximate $2.25 per pound, near a six year Senior Citizen Lunch Menu Monday, September 7 CENTER CLOSED 1N OBSERVANCE OF LABOR DAY Tuesday, September 8 Macaroni & Cheese Ranch Beans Beets Salad/Dressing Dinner Roll Banana Wednesday, September 9 Tater Tot Casserole California Vegetables Garden Salad/Dressing Fruit Cocktail Sugar Cookie Thursday, September 10 Chile Rellenos W/Meat & Cheese Sauce Tossed Salad/Dressing Pinto Beans Crackers Pineapple Tidbits Friday, September 11 Pepper Steak Steamed rice Green Beans/Diced Tomatoes WW Bread/Margarine Diced Peaches w/Vanilla Pudding K Titania yew! Thank you all who attended our Baby Shower. Special thanks to all of our relatives for all 01' their hard work decorating the hall. We really appreciate it. Continued thanks for the beautiful and thoughtful gifts that we continue to receive at our home. Your kindness means the world to us! 9'. .00. v" 0 O ammo/o” @‘a Maj ’— ns AL... A ably; * l . While Freeport-McMoRan will lay off 210 at Tyrone —— ahd cut operations by 50 percent, ac— cording to the release —— they have 100 job openings at their Chino mine operation and will encourage those laid off at Tyrone to apply for those jobs. “Freeport-McMoRan is committed to minimizing the impact to our employees while conducting this unfortunate but necessary reduction in force,” the mines’ community outreach director, Kevin Cook, wrote in an email provided to the Daily Press. “ . Those at Tyrone whose jobs are being eliminated are being encouraged to apply at Chino or at openings in other Freeport—McMoRan operations in Morenci, Arizona, or Climax, Colorado. In addition, we will be offering an early retirement program for eligible employees before implementing any non- voluntary redUCtions.” “Eighty—eight of the people they’re laying off at Tyrone are eligible for retirement,” Grant County Commission Chair Brett Kasten said. “There’s no silver lining here, don’t get me wrong, but maybe it isn’t as di— sastrous as Miami, Arizona, where they canceled 100 percent of operations.” While Kasten said mine layoffs are always unfortunate, he also understands the company’s reasons for making is. FREE e production, must present coupon to receive special price \ {Oil Chang I I I. I lTIl'e Rotation *oil up to 5 quarts and oil filter \__________>{;/ Need Servrce? We offer great deals on tires, W.” 10”“ Special and Discounts on oil changes and brake repairs. Keep Your Way WI L L any written deal to keep your business in Hidalgo County! Come in and take a look at ourfull line of new Fords. If we don't have it we can get it. Freeport Employees: Ask about our Special Pricing on New Fords Submitted by HHS/Hillsboro lay off 210 them. “When you’re dealing with commodities, you’re dealing globally,” Kasten said. “Eco- nomics are economics, and if you can’t make money you can’t hire new people. But Grant County doesn’t need to lose any jobs. Our thoughts and prayers are with all those people.” “I hope the employees will be able to transition well,” said Silver City Mayor Mike Morones. “Being from here and being from a mining family, I lived it and it’s never fun. Hope- fully they will find support with Western New Mexico Univer- sity. We’re rooting for them to have an easy transition.” The university is already planning that support, accord- ing to WNMU public informa- tion officer Abe Villarreal. He told the Daily Press that WNMU is developing a list of programs for those laid off that will help them transition into the workforce. These programs will help them earn certifications in applied technologies such as welding and computer technol- ogy. “Freeport-McMoRan will continue with its community en- gagement programs,” Cook wrote in the email. “Potential reductions to the amounts to be contributed are being evaluated, but there is no consideration being given to eliminating com- munity support contributions.” e 1 $3495 ~—-- offer FM] prwi’lg 0” new and used vehicles] Locpfl 542; 412 E. Motel Drive, Lordsburg, NM Check our our great selection of Tires at competitive prices!