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SANTA FE / EL NORTE
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Saturday, April 05, 2003

City begins economic-planning process

The New Mexican


An economic-planning process intended to help the city of Santa Fe take advantage of new opportunities and increase the income of residents will kick off Thursday in a meeting at Sweeney Center.

Mayor Larry Delgado, Lt. Gov. Diane Denish and Angelos G. Angelou of Angelou Economics, the company hired by the city to develop a new economic plan, will take part.

The meeting, which is from 8 a.m. until 10 a.m., is open to the public.

“Everybody is invited,’’ said Joe Hoback, a member of the city’s Economic Development Review Committee. “We want to be inclusive.’’

Over the next six months, Angelou Economics will analyze Santa Fe’s economy, identify specific business sectors to target, write a five-year economic and marketing strategy and lead a city-wide economic summit.

“Santa Fe’s economy is highly dependent on government and tourism,’’ said Delgado in a statement. “It is our hope to use this economic-planning process to create a viable strategy to diversify our city’s business base and improve possibilities for higher paying jobs.’’

Among the industries the economic planning process will consider is Santa Fe informatics industry.

This industry involves developing software to process raw data and can lead to new drugs or new ways of managing supply chains.

Santa Fe has an estimated 40 informatics companies with an annual economic impact of more than $40 million.

For more information about the meeting, call the city’s economic-development planner Steve Whitman at 955-6889.



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