skip to main content
skip to newscasts

Friday, April 19, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Tribal advocates keep up legal pressure for fair political maps; 12-member jury sworn in for Trump's historic criminal trial; the importance of healthcare decision planning; and a debt dilemma: poll shows how many people wrestle with college costs.

view newscast page
play newscast audioPlay

Civil rights activists say a court ruling could end the right to protest in three southern states, a federal judge lets January 6th lawsuits proceed against former President Trump, and police arrest dozens at a Columbia University Gaza protest.

view newscast page
play newscast audioPlay

Rural Wyoming needs more vocational teachers to sustain its workforce pipeline, Ohio environmental advocates fear harm from a proposal to open 40-thousand forest acres to fracking and rural communities build bike trail systems to promote nature, boost the economy.

NM Scores Low for Economic Opportunity, But Hope Persists

play audio
Play

Monday, October 12, 2009   

TRUTH OR CONSEQUENCES, N.M. - A new report card from the Corporation for Enterprise Development looking at economic opportunity in New Mexico gives the state a 'D' overall. Thanks to a successful foreclosure-prevention program, the Land of Enchantment scored high in areas like housing and home ownership. However, New Mexico's overall ranking was dragged down by a failing mark in the area of income and financial assets.

Some bright spots exist, though. Sharon Henderson, deputy director of Community Action New Mexico, which is releasing the report in the state, points to a successful program that offers Individual Development Accounts (IDAs) to match the savings of people trying to start a business. IDAs are having a big effect on revitalizing a few communities, including Truth or Consequences, she says.

"The high ratio of individual development accounts that have opened there really have been able to impact even Main Street. You can see four to five businesses that were opened using this seed money of $5,000."

Henderson says the IDA program has helped to create new jobs and job training opportunities in the small town. IDAs also can be used to save to buy a home or to pay for higher education.

Jessica MacKenzie and her husband participated in the IDA program to raise funds to open their restaurant, Cafe Bellaluca, in Truth or Consequences.

"Gosh, it is a fantastic program - a really great way to get a little bit of extra money and a way to motivate yourself to save money at the same time."

McKenzie says the program matched their $1,000 in savings 4-to-1, giving her and her husband $10,000 to put toward opening the restaurant. In exchange, the IDA program requires participants to save and attend a series of financial literacy workshops.

The report card also gave New Mexico a "C" for access to health insurance and a "D" for access to education and training.

The report card is at http://scorecard.cfed.org/state_data/new_mexico.php.




get more stories like this via email

more stories
The Bureau of Land Management's newly issued Public Lands Rule is designed to safeguard cultural resources such as New Mexico's Chaco Culture National Park. (Photo courtesy SallyPaez)

Environment

play sound

Balancing the needs of the many with those who have traditionally reaped benefits from public lands is behind a new rule issued Thursday by the Bureau…


Health and Wellness

play sound

Alzheimer's disease is the eighth-leading cause of death in Pennsylvania. A documentary on the topic debuts Saturday in Pittsburgh. "Remember Me: …

Social Issues

play sound

April is Financial Literacy Month, when the focus is on learning smart money habits but also how to protect yourself from fraud. One problem on the …


Outdoor recreation added $11.7 million to the Arizona economy in 2022, according to the U.S. Bureau of Economic Analysis. (Adobe Stock)

Environment

play sound

Arizona conservation groups and sportsmen alike say they're pleased the Bureau of Land Management will now recognize conservation as an integral part …

play sound

Across the U.S., most political boundaries tied to the 2020 Census have been in place for a while, but a national project on map fairness for …

The 2023 Annie E. Casey Foundation Data Book ranked Arkansas 37th in the nation for education, and said 56% of young children were not in preschool programs to help get them ready for school. (Adobe Stock)

Social Issues

play sound

The need for child care and early learning is critical, especially in rural Arkansas. One nonprofit is working to fill those gaps by giving providers …

Environment

play sound

An annual march for farmworkers' rights is being held Sunday in northwest Washington. This year, marchers are focusing on the conditions for local …

Social Issues

play sound

A new Gallup and Lumina Foundation poll unveils a concerning reality: Hoosiers may lack clarity about the true cost of higher education. The survey …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021