Economic development corporation may report regularly to county

QCS Staff

The Greater Tucumcari Economic Development Corporation may be required to issue regular reports to the Quay County government officials, as it does to the city of Tucumcari, under an agreement proposed on June 22.

The Quay County Commission reviewed the agreement between the economic development corporation and the city, and the county’s attorney, Warren Frost, agreed to draw up a similar draft agreement for the commission to consider.

Commissioner Sue Dowell said she was quite surprised to learn that the county spends $50,000 to support economic development activities  but does not hold the EDC accountable for how the money is spent.

Frost said other communities in New Mexico do a better job of “staying informed about what goes on in economic development.”

Dowell said her concerns have been heightened by learning that the EDC is not a corporation in good standing with the state of New Mexico’s Corporation Commission.

Dowell said on June 23 that the state commission still shows the EDC as not in good standing and said she learned this by calling the commission’s office in Santa Fe.

Patrick Vanderpool, the EDC’s executive director, said the confusion over a $20 payment for the listing has been resolved and that the EDC should be listed as a company in good standing with the corporation commission.

On Tuesday, the New Mexico Secretary of State’s website listed the EDC as being in good standing until Nov. 15.

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