1. The city may provide land, buildings, and infrastructure it already owns, or it may build, purchase or lease the facilities needed for an economic development project. 2. The city, at its discretion, may bear the full cost or contribute a portion of the costs including the waiver of applicable fees. 3. The city, at its discretion, may also contribute to the payment of costs for professional services such as industry feasibility studies and planning and design services needed to implement a project.

An existing or proposed corporation, limited liability company, partnership, joint venture, syndicate, association, or other person that is one or a combination of 2 or more of the following: ​ 1. An industry for manufacturing, processing, or assembling or any mining, agriculutral, or manufactured products; 2. A commercial enterprise for storing, warehousing, distributing, or selling products of agricultural, mining or industry, but other (5), (6) or (9), not including any enterprise for sale of goods or commodities at retail or for the dirstribution to the pubic of electricity, gas, water, or telephone or other services commonly classified as public utilities; 3. A business in which all or part of the activities of the business involves the supplying of services to the general public or to government agencies or to a specific industry or customer, but, other than provided in (5) or (9), not including businesses primarily engaged in the sale of good or commoditied at retail; 4. An Indian nation, tribe or pueblo or a federally chartered tribal corporation; 5. A telecommunications sales enterprise that makes the majority of its sales to persons outside of New Mexico; 6. A facility fo the direct sales by growers of agricultural products, commonly known as farmers' markets; 7. A business that is the developer of a metropolitan redevelopment project; 8. A cultural facility; and 9. A retail business.

1. ​Any qualifying entity meeting the definition set forth in § 153.33 may propose an economic development project to the city. Meeting the definition of a qualifying entity does not create any obligation on the part of the city. 2. Applications from qualifying entities shall be submitted to the city on the LEDA Application form provided by the city. 3. Applications shall contain the following information for business applicants. A. Identification information: - Complete name and address of entity; - Incorporation papers with by-laws; - List of board of directors and executive director, with addresses; and - Resumes of all directors and officers. B. Evidence of financial solvency (personal statement of principals); - Financial statement (income statement and balance sheets) for the past 3 years; - Federal tax number, New Mexico state taxation and revenue number and county business license; and - Projected income statement for at least 3 years. C. Evidence of organizational capacity: - Brief history of the entity; - Organizational chart of the entity; and - Business plans for the entity and proposed project (shall include pro-forma cash flow analysis). D. The project participation agreement and any other pertinent information will be forwarded to the governing body for final consideration at a public meeting.

1. Applications for economic development projects requesting economic assistance from the city, which meet the policies and objectives of the city's economic development plan, shall receive priority. Examples include, but are not limited to: - Manufacturing firms (including intellectual property such as computer software); - Projects, which enhance the exporting capacity of companies and/or provide goods and services, which currently have to be imported into Raton; - Private companies seeking to build, expand or relocate facilities; - Private companies which provide facilities or services which enhance the ability of Raton businesses to operate; - Organizations which assist business start-ups or bring small companies together to increase their competitive abilities. a.This must involve a tangible project, which will create jobs and promote an industry. --Examples include, but are not limited to: 1. Business incubators; 2. Art incubators or coalition (e.g. a performing arts coalition seeking construction rehearsal or performance facilities); 3. Public markets for farmers, gardeners, crafts, etc.; and 4. Organizations which foster economic development by promoting work force development efforts such as apprenticeships or other job training programs. -Projects in industry clusters listed above are particularly encouraged, but others are eligible to apply as well. The intention is to retain flexibility in the use of incentives; -Qualifying entities with existing contract or projects with the city when this plan is adopted may propose a restructuring of their projects as an economic development project. 2. All applications for economic development projects requesting economic assistance from the city shall submit a cost benefit analysis. Preparing a cost benefit analysis shall be the responsibility of the applicant. The city retains the right to specify a format and methodology for the cost benefit analysis. The REDC shall review and approve the methodology used. The source and rationale for any multiplier effects shall be identified. The cost benefit analysis shall show that the city will recoup the value of its donation within a period of 10 years. The analysis shall address the following: - The number and type of jobs to be created, both temporary construction jobs and permanent jobs (by New Mexico Department of Labor job category); - Pay scale of jobs; - Determination of which jobs are expected to be filled locally and which will be filled by transfers from other facilities or recruited from outside the Raton area; - Total payroll expected at start-up and after 1 year; - Anticipated impact on local tax base; and - Anticipated impact on local school systems. 3.All applicants for economic development projects requesting economic assistance from the city shall require the same review required of industrial revenue bond applications. This review shall focus on environmental and community impacts of proposed projects. Special attention shall be given to job training and career advancement programs and policies. Projects shall demonstrate a strong commitment to providing career opportunities for Raton area residents. Cultural impacts of projects shall also be considered. 4. Any qualifying entity seeking assistance shall prepare and make available a job training and career development plan for their employees. 5. All applicants for economic development projects requesting economic assistance from the city shall clearly demonstrate the benefits which will accrue to the community as a result of the donation of public resources. The city has considerable flexibility in determining what is considered as adequate benefits. Benefits such as providing components or production capabilities, which enhance a targeted industry cluster, or addressing critical deficiencies in regional economy, may be recognized. The benefits claimed of any proposal will receive careful scrutiny. However, it is the intent of this subchapter to be flexible in the evaluation of these benefits, and to recognize the qualitative as well as quantitative impact of a proposal. 6. All applicants for economic development projects requesting assistance from the county shall clearly demonstrate how the qualifying entity is making a substantive contribution. The contribution shall be of value and may be paid in money, in-kind services, jobs, expanded tax base, property or other thing or service of value for the expansion or improvement of the economy. The city retains flexibility in defining the "substantive contributions." The benefits identified in the previous divisions may be accepted as adequate contributions on their own, or as cash donations may be required. Assistance in providing affordable housing to its employees or the community at large may also qualify. Determination of what constitutes an acceptable contribution for a given project shall be at the discretion of the governing body.

Raton Economic Development Incentives(undefined)