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Legislative committee gives state finance authority the greenlight for cannabis business loans
An interim legislative committee on Tuesday approved a state-run loan program for small cannabis businesses. The decision was approved by the New Mexico Finance Authority Oversight committee with a 9-2 vote. The program will be overseen by the state’s finance authority and will be funded by the Economic Development Revolving Fund. According to a presentation from the authority’s CEO Marquita Russell, there will be about $5 million from the revolving fund made available for qualifying businesses. Each loan, Russell told lawmakers on Tuesday, would be limited to $250,000 and terms would be limited to five years. Applicants to the loan
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New finance business opens in downtown Worthington.
WORTHINGTON — Legacy Tax & Accounting opened its doors after a Nov. 19 ribbon cutting ceremony. The new Worthington business, located on Fourth Avenue, offers full tax services including individual, farm, partnership and any business taxes, to name a few. Though the business has limited office hours, owners Sue Johnson and Deb Olson will also provide bookkeeping services, which will cover a number of items from payroll and sales tax to accounting. “We’re open year ’round to serve the public,” said Olson. “Whether it’s extensions, tax letters, new businesses pre-tax, or consultations.” Johnson and Olson have known each other for
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Alumni, Business and Finance lead Combined Campaign participation | Nebraska Today
The University of Nebraska–Lincoln’s chase for the Chancellor’s Cup roared into its second week as the Nebraska Alumni Association approached perfect participation, and Business and Finance surged into the Large Division lead. The friendly competition is part of the university’s participation in the 2021-22 Combined Campaign for Health and Human Services. The university is a longtime participant in the community fundraiser, which continues through Nov. 12. To encourage participation by faculty and staff, weekly individual prizes are being awarded and the Chancellor’s Cup will be presented to the campus division that records the greatest number of employees who donate.
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Fintechs, community banks and the future of small-business finance
Dr. Miquel Velazquez doesn’t have a lot of bandwidth to manage the flow of money in and out of his medical practice. “I have a staff of one plus myself, so I can’t put a lot on her plate in terms of figuring out our business needs,” said Velazquez, a doctor in Westbrook, Maine, who provides muscular treatments out of a single office. “I have to handle whatever comes up that needs attention.” While Velazquez might seem like the prime target for a digital payments startup that promises a wide range of services through the web, he instead went with
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Bill Nunez steps down as vice chancellor for business and finance | News
Vice Chancellor for Business and Finance Bill Nunez is stepping down at the end of the calendar year after accepting another position at Texas Christian University. Nunez worked for the University of Nebraska-Lincoln for 18 years, four of those in his current position. His tenure at Nebraska included serving as associate to the chancellor and chief of staff for Chancellor Ronnie Green and former Chancellor Harvey Perlman as well as director of institutional research and planning, according to a news release from Nebraska Today published Wednesday. In the release, Green praised Nunez, wishing him nothing but continued success in his
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