After more than two decades of trying to promote growth of the local economy, Santa Fe Economic Development Inc. plans to close its doors at the end of the year.
The nonprofit's president, Catherine Zacher, issued a statement Monday saying it lacked government financial support.
"Unfortunately, the continuing operation of SFEDI is ... dependent upon financial support provided by the community through state and local government," she said. "That support has not been forthcoming."
City and county economic development officials couldn't be reached for comment about the pending shutdown. But a Santa Fe city councilor said she was sorry to hear the news and would try to reverse it.
"At one time, five years ago, we had a contract with the city," said Zacher, who managed the operation along with two staff members. "And we just completed a contract with the county." More here.
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