Economic Incentive Board Meeting - June 10, 2026
Economic Incentive Board Meeting - June 10, 2026
The Economic Incentive Board convened on Wednesday, June 10, 2026 at 8:30 AM with all members present. The meeting included approval of minutes, a financial report, an update on economic development projects, election of officers, and other business.
Consent Calendar
- Approval of Minutes: The minutes from March 11, 2026 were approved unanimously on a motion by Paul Cordova and second by Debbie Spriggs.
Discussion Items
- Economic Development Fund Financial Report (Justin Howalt): For the month ending May 2026, revenues were $151,000 compared to $148,000 in May 2025. Year-to-date revenues for FY2026 were $1,761,563.75, approximately $200,000 above budget but $50,000 less than the prior year's $1.8 million. Expenditures for May 2026 were $30,000 (mainly administrative fees and CED contracts), down from $90,000 in May 2025. Total FY2026 expenditures were $496,755.03. Board member Kathy Elliott requested copies of future financial reports for better understanding.
- Economic Development Projects Update (Tina):
- Industrial Park: The green energy project continues with no construction timeline update. Project Byte (conduit manufacturer) delayed due to a 100% increase in plastic prices and transportation costs.
- PROs (Potential Recruitment Opportunities): Received 13 PROs in the last quarter, significantly higher than the usual 1-2 per month, including hyperscale data centers, battery manufacturers, semiconductor fabrication, and aviation-related industries.
- Site Location Partnership: Attended the Modex trade show (1,057 exhibitors, 50,400 attendees), generating new leads. Held 8 broker meetings with firms such as JLL, CBRE, and Colliers.
- Business Incubator: Partnering with West on a child care accelerator offering a $6,000 training stipend. Sweetwater installing panels; expected opening in August 2026.
- Events: Participated in Boots to Business (veterans entrepreneurship), CTE Advisory Board meetings, Starbase ribbon cutting (June 11), and other community events.
- Grants: Awarded five grants totaling $1,900,000 over the past year, with $115,000 allocated for business incubation.
- Discussion on PROs and Data Centers: Chairman suggested inviting a New Mexico Partnership staffer to present on PRO operations. Board members inquired about data center activity in the state; Tina noted growing interest and some local pushback.
New Business
- Election of Chairperson: Raymond Mondragon was nominated by Kathy Elliott and seconded by Paul Cordova. The vote was unanimous with Mondragon abstaining. Mondragon assumed the chair.
- Election of Vice Chairperson: Alan Kinlan expressed interest and was nominated and seconded. The vote was unanimous with Kinlan abstaining. Kinlan became vice chair.
Other Items (Good of the Order)
- Chairman Mondragon urged members to review the city's economic incentive ordinance (Chapter 2.50) and the TIP Strategies economic development plan.
- Justin Howalt provided an update on the airport site readiness plan conducted by Global Location Strategies: The report recommends marketing 283 contiguous acres at the Clovis Regional Airport for aviation-related industries, with due diligence needed on environmental and utility studies.
- Noted upcoming meetings: Military Base Planning Commission work session (July 13-14), Military and Veterans Legislative Interim Committee at Clovis Community College (June 26), and an Armed Forces Support Committee luncheon (June 24).
- Paul Cordova mentioned a large solar farm breaking ground in Floyd, providing employment opportunities.
Key Outcomes
- The minutes of March 11, 2026 were approved.
- Raymond Mondragon was elected Chairperson and Alan Kinlan as Vice Chairperson, both by unanimous vote.
- No other formal votes were taken.
Meeting Transcript
Oh, okay. I remember when we used to do those by hand and y'all hear me? Yes, we can. Okay, yes. Oh done. Okay, we're fixing to start here in a second. Uh give us a minute, Alan. Okay. Okay, we are ready. Uh call this meeting the order of the economic incentive board. Uh Wednesday, June tenth, twenty twenty-six, eight thirty AM. Uh welcome everybody uh to the Economic Incentive Board meeting this morning, and I'd like for go ahead and Vicky to go ahead and do a roll call. Alan Kinland. Rabbit. Jason Jason Gonzalez. Debbie Sprigs? Here. Bryce Amenez? Here. Kathy Elliott? Here. Ricky Fuentes? Here. Raymond Mondragon? Here. Paul Cordova. Here. Thank you. All uh present. Uh we do have a quorum and uh like to go ahead and under the economic development fund financial report, Mr. Justin Howalt. Approval of the minutes. Has everybody read the minutes? Of March eleventh, twenty twenty-six if so like to hear a motion in a second. I move to approve the minutes. Second. Motion and a second by Miss Briggs. Uh motion by Mr. Cordova. Uh clerk, please call the room. Alan Kinland. Yep. Bryce Amenez? Yes. Kathy Elliott? Yes. Debbie Spriggs? Yes. Ricky Fuentes? Yes.
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