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Скачать или смотреть MVEDA and M.A. and Sons check presentation

  • NM Borderplex
  • 2022-07-19
  • 56
MVEDA and M.A. and Sons check presentation
Las CrucesNew MexicoMVEDALas cruces economic developmentEDENew Mexico economic DevelopmentCommunity Foundation of Southern New Mexicocfsnmel paso electricMA and sonsM.A. and SonsNMBorderplexNew Mexico BorderplexBorderplex AllianceArray new mexicoNew Mexico Economic Development Fund
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Описание к видео MVEDA and M.A. and Sons check presentation

Mesilla Valley Economic Development Alliance (MVEDA) along with The New Mexico Economic Development Fund presented a check to M.A. and Sons, Inc. The $75,000 was invested in cold storage. The cold storage facility will allow M.A. & Sons to store their chile products on site instead of transporting them to third-party storage providers out-of-state and benefit local growers by providing additional storage outlets for their products.

The Mesilla Valley Economic Development Alliance (MVEDA) supported the Community Foundation of Southern New Mexico (CFSNM) in the analysis and recommendations on the use of the funds to assist with this project. The Fund, managed by CFSNM, was established by El Paso Electric (EPE) to provide $1 million per year for 20 years in support of private businesses, projects, and organizations based within EPE’s New Mexico service territory.

Mary Alice Garay, (also known as M.A.), and her three sons, Frank, Randy, and Patrick Garay, established the company. M.A. & Sons grows and processes red and green chile products at their Arrey, New Mexico processing plant. The NMEDF grant will help M.A. & Sons construct a cold storage facility at their processing plant.

“Our family-owned business started off as a dream for me and my sons and has become a point of pride to serve in and for our southern New Mexico community,” shares Mary Alice Garay of M.A. & Sons. “We are grateful for the support of the New Mexico Economic Development Fund, MVEDA, and all those who made this project possible.”

The NMEDF grant will support M.A. & Sons’ $9 million investment in the project and is expected to create over 30 new jobs with over $1.2 million in new average annual payroll.

Click below to learn more about the New Mexico Borderplex
https://www.nmborderplex.com

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