ROSWELL NEW MEXICO
AGENDA ITEM ABSTRACT
AGENDA ITEM ABSTRACT
Item No. 6.
Regular City Council Meeting
- Meeting Date:
- 04/09/2026
COMMITTEE:
Finance
CONTACT:
Tammi Smith
CHAIR:
Kurt Gass
ACTION REQUESTED:
Approval of the Roswell-Chaves County Economic Development Corporation funding request of $200,000 for Fiscal Year 2027. (Gass/Conyers)
BACKGROUND:
Initiated by TJ Conyers
The requested funding will support ongoing economic development initiatives focused on business recruitment, retention, and expansion within Roswell and Chaves County.
RCCEDC's efforts include targeted industry recruitment, workforce development partnerships, site and infrastructure readiness, marketing and promotion of the region, and support for existing local businesses. Additionally, RCCEDC works collaboratively with regional and state partners to attract new investment, diversify the local economy, and create quality job opportunities.
Approval of this funding request will allow RCCEDC to continue implementing strategic initiatives that enhance economic growth, strengthen the business climate, and increase long-term sustainability for the Roswell and Chaves County community.
The requested funding will support ongoing economic development initiatives focused on business recruitment, retention, and expansion within Roswell and Chaves County.
RCCEDC's efforts include targeted industry recruitment, workforce development partnerships, site and infrastructure readiness, marketing and promotion of the region, and support for existing local businesses. Additionally, RCCEDC works collaboratively with regional and state partners to attract new investment, diversify the local economy, and create quality job opportunities.
Approval of this funding request will allow RCCEDC to continue implementing strategic initiatives that enhance economic growth, strengthen the business climate, and increase long-term sustainability for the Roswell and Chaves County community.
FINANCIAL CONSIDERATION
Financial Impact (Revenue & Expense): Included in the FY27 Proposed Budget
Expense: 11014261-654831 (Public Affairs - Contract-Economic Development Services)
Expense: 11014261-654831 (Public Affairs - Contract-Economic Development Services)
LEGAL REVIEW:
The City Attorney has reviewed the changes to the agreement.
BOARD AND COMMITTEE ACTION:
Finance Committee recommended approval 5-0 at their meeting on April 2, 2026.
STAFF RECOMMENDATION:
Proceed as presented.
Attachments
- Funding Request
- FY27 Service Agreement- Redlined
- Budget Draft 2027
- Membership Trends
- Feb 2026 Balance Sheet and P&L
- 2024 and 2023 Audit Reports