DURANGO, Colo The Region 9 Economic Development District of Southwest Colorado announced in October that Laurie Sigillito, a La Plata County business owner, was elected treasurer of the Region 9 Board of Directors.
Sigillito is the owner of Fastsigns in Durango and has served on the Region 9 board for about a year. She participates in the La Plata Economic Development Alliance and serves on the group's Business Retention Committee. She also sits on the board for Fastsigns National Advertising Council.
"Even more importantly, I am a mom with two kids that I drive all over the Front Range for sports," she joked.
The Region 9 board is comprised of representatives from the 17 local governmental jurisdictions and nine members from the private sector.
Sigillito said the community is fortunate to have Region 9 helping businesses.
"I am continually impressed with the depth of the organization and the staff's ability to leverage state and federal programs, funds, and work collaboratively with a variety of partners including
For more information, call 970-247-9621.
BLM auction nets $24 million
FARMINGTON The U.S. Bureau of Land Management auctioned off 37 federal lease areas in its October quarterly sale, netting more than $24 million.
Bids for 28 parcels in New Mexico brought in more than $23 million. Seven parcels in Texas brought in $500,000, and two parcels in Oklahoma netted over $458,000.
The oral auction took place Oct. 17 at the BLM's New Mexico state office in Santa Fe. A total of 38 bidders registered.
No San Juan County companies won parcels in the auction. Companies that submitted winning bids included KHL Inc. of Albuquerque, Martin Fuels Co. of Nacogdoches, Texas and J Bar Cane Inc. of Stanley.
Leases are awarded for a period of 10 years and as long thereafter as there is production in paying quantities. The revenue from the sale of federal leases, as well as the 12.5 percent royalties collected from the production of those leases, is shared between the federal government and the states. Fifty-two percent of the revenue generated goes to the federal government and 48 percent is returned to the state where leasing occurs.
New Mexico will receive over $11 million from the October sale, the BLM said.
The next BLM federal oil and gas lease sale is scheduled for Jan. 16, 2013, at the BLM's New Mexico state office, 301 Dinosaur Trail in Santa Fe. For more information, visit www.blm.gov/nm/oilandgas.
College to host financial analysis seminar
FARMINGTON San Juan College will host a seminar, "How much is it worth: Introduction to financial analysis using discounted cash flow," on Nov. 2.
The deadline to register is Oct. 30.
The seminar will answer questions such as "Should I take Social Security at 62 or 65? Is it better to take out a 15- or 30-year mortgage? Should I buy or lease a car?"
The seminar will be held 10 a.m.-1 p.m. Nov. 2 at the college's Quality Center for Business, 5101 College Blvd.
Gary Bouty, an accountant with the Small Business Development Center at University of New Mexico, Taos, will discuss the value of financial analysis. Participants will learn a straightforward technique to assist in determining the value of any financial decision.
The seminar costs $15, and registration is required. To register or for more information, contact Jill Bumby at 505-566-3528 or via email at bumbyj@sanjuancollege.edu.
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