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Saturday, Aug 19th

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Standing Rock Sioux applauds BNP Paribas’ decision to divest from DAPL

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CANNON BALL, N.D.—The Standing Rock Sioux Tribe is pleased to announce BNP Paribas has sold its shares in the loan to the Dakota Access Pipeline. Representatives from the bank contacted the Tribe to share the news on Wednesday, April 5, 2017.

The Tribe commends the bank’s decision, which sends a strong message about...

Smart startup: Know the rules

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Starting a business in New Mexico involves securing a tax reporting number and federal income tax ID. Beyond those basics, some business owners need special permits to serve food or alcohol or to operate in industries that are subject to heightened regulation.

The business owner is responsible for knowing what permissions are required.

WHERE TO START

Most New Mexico businesses pay gross receipts, compensating and withholding taxes, which means they need to obtain a Combined Reporting System (CRS) number from the Taxation and Revenue Department. Businesses use this number to report and pay the state, county and local taxes they collect on behalf of multiple taxing authorities.

To pay...

Supplier financing leverages trusted relationships

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Vendors who supply products to retailers don’t always have the capital needed to fill a large order. If the vendor can’t get the money — or can’t spend all its capital delivering a big order it has to wait 90 days to be paid for — it misses a chance to increase its profits and expand demand.

This is a common situation for many startups and small businesses that can’t borrow from traditional banks or even nonprofit community development loan institutions because the business principals have no track record, uneven credit histories, scant collateral or unclear citizenship status.

Some commercial lenders serve this market by offering invoice factoring, purchase order...

Democratic organization outlines 2017 NM Legislative Session

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On the most critical issues facing the Senate, including balancing both the FY17 and FY18 budget, the chamber acted in a bipartisan fashion to address the fiscal crisis in a responsible way that demonstrated the unity that continues to exist within the chamber.

Left with no easy solutions, legislators were called to make several difficult decisions necessary to the financial future of our state. Through bipartisan collaboration, the Senate was able to produce a sensible and balanced approach to our budget, all while continuing to pass legislation important to our communities and to the state.

While this memo could not possibly reflect the entirety of the work of the...

Gallup Sun Editorial: Complacency is the enemy

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There was both the good news and the bad news this week detailing drug operations around Gallup and McKinley County.

The good news is that at least eight suspected methamphetamine abusers have been taken off the streets. Arrests were made as part of the city’s routine sweeps of various neighborhoods by the Gallup Police Department and the McKinley County Narcotics Task Force.

The bad news is that we still have a serious problem in Gallup and the surrounding areas when it comes to meth, cocaine, marijuana and heroin.

The arrests that took place were all over the city. John Paradise, a habitual criminal who is still in custody on a $8,000 bond amount, was one of those booked into the...

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