Author Archives: Taura Costidis

State Agency Helps Employers Match Applicants Jobs

Posted on by
By Luis Duran, Functional Site Manager, New Mexico Workforce Connection, Santa Fe office

By Luis Duran, Functional Site Manager, New Mexico Workforce Connection, Santa Fe office

Rose Marie Law first used the employment screening services of the New Mexico Department of Workforce Solutions even before she became director of human resources for Jemez Mountain Electrical Co-op, a nonprofit utility started in 1947 to serve residents of Jemez Springs and now generating electrical power for Rio Arriba, Santa Fe, San Juan, McKinley and Sandoval counties.

While the International Brotherhood of Electrical Workers Union Local 611 provides journeyman electricians through its apprenticeship program, Law is responsible for hiring clerical and warehouse workers for the utility’s offices in Jemez Springs, Cuba and Española.

When jobs come open at the utility, the Department of Workforce Solutions helps Law assess the skills and abilities of her top candidates with a WorkKeys test. Continue reading →

Mezzanine Funding

Posted on by

A source of expansion capital for companies that have loans and are unable to obtain another loan but need additional capital. Mezzanine funding is a hybrid of a loan and an equity capital investment. It is typically set up as loan to a mature and growing business, where the company pays interest but collateral is provided by ownership in the company. It is appropriate for businesses in service industries that find it hard to get loans because people, rather than typical collateral such as equipment, are their primary assets.