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Commissioner briefs colleagues on Northern New Mexico Economic Development District meeting and Federal Reserve regional economic update
Summary
A commissioner reported highlights from a recent Northern New Mexico Economic Development District meeting in Santa Fe, including training programs at the Santa Fe Higher Education Center and a Federal Reserve economic update noting uneven growth and uncertainty affecting local government revenues.
One commissioner reported to the Taos County Commission on Sept. 2 about the Northern New Mexico Economic Development District board meeting held in Santa Fe. The commissioner highlighted the Santa Fe Higher Education Center's workforce training programs (OSHA, fiber-optic, weatherization), the retirement of the district's executive director, and a regional economic presentation from the Federal Reserve Bank (Kansas City branch).
The Federal Reserve presentation emphasized heightened economic uncertainty, reduced consumer travel and spending in some areas, and cost pressures such as tariffs. The presenter cited localized consequences, including reduced gas-tax revenues in Raton and a canceled new airport-hangar project after construction costs rose. The commissioner noted the region's economic growth remained positive but was not broadly based; significant growth was concentrated in data-center construction.
The report included announcements about aging-services conferences and staff changes at the Economic Development District. The commissioner offered to share the Federal Reserve presentation with colleagues on request.
