Home News Local News Economic Development elects new board members, approves budget

Economic Development elects new board members, approves budget

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Bud Kunkel, chairman of the Roswell-Chaves County Economic Development Corp., presides at the group's Wednesday membership meeting. (Lisa Dunlap Photo)

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The Roswell-Chaves County Economic Development Corp. is without a president, but members of its board of directors characterized the organization as fiscally sound and focused on its goals for the year ahead.

The group held its annual membership meeting Wednesday at the Eastern New Mexico State Fairgrounds.

Some of what occurred at the meeting included election of new board members, reinstatement of executive committee members, a review of budgetary information and a look at past accomplishments and future goals.

Three new members were elected to the board of directors: Buddy Daniels of Lovelace Regional Medical Center, Mary Featherstone of First American Bank of Roswell and Mark Daniels of MBF Inspection Services Inc. Board members who recently left the board are Ed David of David Petroleum, who had served his term; Heather Harper of Lovelace Medical, who moved; and Barbara Beck, publisher of the Roswell Daily Record, who resigned.

The Executive Committee of the board will remain the same as the previous year. Its members are Bud Kunkel, chair; Kurt Gass, vice chair; Rebecca Johnson, secretary; Christopher Palmer, treasurer; and Robert Armstrong, immediate past chair.

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The organization had a clean audit, according to Gass, who gave a brief overview of financial statements, approved by the members.

“The EDC is in good financial shape,” he said.

For the 2019-20 year, the proposed operating budget includes $225,000 in income — which includes $120,000 from the city of Roswell, $25,000 from Chaves County and $80,000 from membership fees — as well as expenses of $275,000.

“We are projecting a budget deficit of $50,000 here,” Gass said. “We do plan on going back to the county. We did have a request into them for $75,000, and we did get $25,000 this time. But we do plan during this fiscal year on going back and getting that money.”

County commissioners and staff have indicated that additional funding might be available for the group as the fiscal year progresses.

The projected budget for the upcoming year is slightly less than last year’s estimated budget of $277,850 in revenues and $279,100 in expenses. So far, in the first 10 months of the 2018-19 fiscal year, its revenues of $195,058 exceeded its expenses of $176,890 by $18,168.

The group listed 11 achievements for the year, including renovation of a building for the use of Red Mountain Arsenal, the passage of air authority legislation, the creation of Opportunity Zones in the county, and assisting in the opening of a beef packing plant and the relocation of the Code 3 Services business to Roswell.

Its eight goals for the year ahead include continued efforts to assist colleges, schools and businesses in developing career technical education programs to train the local workforce, the creation of the air authority and ongoing business outreach, recruitment and expansion efforts in many different industry sectors.

Kunkel said in a later interview that 21 resumes have been received for a new president. The former president, John Mulcahy, who served for about five years, announced his resignation in May, effective June 1. Kunkel said the search committee has held an initial meeting and is reviewing applications.