Tucumcari is a small city of 5,989 strategically located on Interstate 40 between Albuquerque and Amarillo. With excellent educational services, transportation access and access to capital, Tucumcari is poised to serve the relocating or expanding business community.
Ute Lake sits at Tucumcari’s back door With 283 acres of water front, it provides world class outdoor recreation. Worth mentioning is the new development of Ute Lake Ranch, a spectacular resort community currently under construction. To learn more Click Here.
Mesalands Community College provides numerous community services, including a state of the art fitness center, a world class paleontology program and Dinosaur Museum, and a state of the art bronze foundry. Mesalands is also home to the North American Wind Research and Training Center, providing O&M training in the world’s tallest classroom, a 400’ tall tower capped by a 1.5MW GE turbine. Mesalands specializes in customized training for any industry.
With no congestion, short commutes, quality educational programs and an abundance of outdoor recreation, Tucumcari offers big city services in a small town environment.
Quick Facts :
The city of Tucumcari encompasses7.54 square miles and has a population of 5,989.
The Five County region surrounding Tucumcari has a population of 80,107. It operates under a Mayor/Council form of government.
Temperatures average from a January low of 38 degrees to a July high average of 79 degrees.
The poverty rate currently sits at 17.7% compared to a national average of 12.4%.
The median household income is $25,441 compared to a national average of $41,994.
Of particular note, the cost of living is at 77.82% of the national average (Sperlings)
The March, 2008 Labor Statistics from the New Mexico Department of Labor show a labor force of 3,933 in Quay County and a Five County Area labor force of 38,321. The unemployment rate is 4.4%.
Principal industries include government, education, retail trade, hospitality, and construction industries.
Workforce & Talent
The Eastern Plains region of New Mexico includes Curry, Guadalupe, De Baca, Quay, and Roosevelt Counties. Total population of the region is 80,137, of which 58% is in the 18-64 working age group.
57% is White, non-Hispanic, while the Hispanic population comprises an additional 35%. 65% has a commute time of under 15 minutes, while and additional 29% has a commute of under 30 minutes.
A recent study conducted by Covell Consultants of Albuquerque determined there were 259 workers immediately available within Quay County.
Higher educational institutions within the area include Mesalands Community College, Clovis Community College, and Eastern New Mexico University in Portales. Mesalands Community College is especially equipped to provide customized training to any industry considering locating in the community.
The following economic statistics on Quay County are excerpted from American Fact Finder, US Census Bureau.
Geographic Area: Quay County, New Mexico
NOTE: Data based on a sample except in P3, P4, H3, and H4. For information on confidentiality protection, sampling error, nonsampling error, definitions, and count corrections seehttp://factfinder.census.gov/home/en/datanotes/expsf3.htm.
Subject
Number
Percent
EMPLOYMENT STATUS
Population 16 years and over
8,005
100.0
In labor force
4,278
53.4
Civilian labor force
4,268
53.3
Employed
4,044
50.5
Unemployed
224
2.8
Percent of civilian labor force
5.2
(X)
Armed Forces
10
0.1
Not in labor force
3,727
46.6
Females 16 years and over
4,241
100.0
In labor force
2,070
48.8
Civilian labor force
2,060
48.6
Employed
1,935
45.6
Own children under 6 years
623
100.0
All parents in family in labor force
339
54.4
COMMUTING TO WORK
Workers 16 years and over
3,996
100.0
Car, truck, or van -- drove alone
2,898
72.5
Car, truck, or van -- carpooled
707
17.7
Public transportation (including taxicab)
8
0.2
Walked
146
3.7
Other means
23
0.6
Worked at home
214
5.4
Mean travel time to work (minutes)
15.1
(X)
Employed civilian population 16 years and over
4,044
100.0
OCCUPATION
Management, professional, and related occupations
1,202
29.7
Service occupations
755
18.7
Sales and office occupations
1,066
26.4
Farming, fishing, and forestry occupations
121
3.0
Construction, extraction, and maintenance occupations
540
13.4
Production, transportation, and material moving occupations
360
8.9
INDUSTRY
Agriculture, forestry, fishing and hunting, and mining
473
11.7
Construction
284
7.0
Manufacturing
69
1.7
Wholesale trade
58
1.4
Retail trade
679
16.8
Transportation and warehousing, and utilities
266
6.6
Information
82
2.0
Finance, insurance, real estate, and rental and leasing
132
3.3
Professional, scientific, management, administrative, and waste management services
103
2.5
Educational, health and social services
901
22.3
Arts, entertainment, recreation, accommodation and food services
467
11.5
Other services (except public administration)
236
5.8
Public administration
294
7.3
CLASS OF WORKER
Private wage and salary workers
2,346
58.0
Government workers
980
24.2
Self-employed workers in own not incorporated business
662
16.4
Unpaid family workers
56
1.4
INCOME IN 1999
Households
4,208
100.0
Less than $10,000
829
19.7
$10,000 to $14,999
502
11.9
$15,000 to $24,999
781
18.6
$25,000 to $34,999
620
14.7
$35,000 to $49,999
590
14.0
$50,000 to $74,999
536
12.7
$75,000 to $99,999
224
5.3
$100,000 to $149,999
65
1.5
$150,000 to $199,999
21
0.5
$200,000 or more
40
1.0
Median household income (dollars)
24,894
(X)
With earnings
2,920
69.4
Mean earnings (dollars)
35,152
(X)
With Social Security income
1,677
39.9
Mean Social Security income (dollars)
10,303
(X)
With Supplemental Security Income
328
7.8
Mean Supplemental Security Income (dollars)
5,006
(X)
With public assistance income
178
4.2
Mean public assistance income (dollars)
2,921
(X)
With retirement income
732
17.4
Mean retirement income (dollars)
15,126
(X)
Families
2,861
100.0
Less than $10,000
283
9.9
$10,000 to $14,999
300
10.5
$15,000 to $24,999
622
21.7
$25,000 to $34,999
389
13.6
$35,000 to $49,999
504
17.6
$50,000 to $74,999
458
16.0
$75,000 to $99,999
205
7.2
$100,000 to $149,999
49
1.7
$150,000 to $199,999
11
0.4
$200,000 or more
40
1.4
Median family income (dollars)
30,362
(X)
Per capita income (dollars)
14,938
(X)
Median earnings (dollars):
Male full-time, year-round workers
24,801
(X)
Female full-time, year-round workers
17,500
(X)
POVERTY STATUS IN 1999 (below poverty level)
Families
448
(X)
Percent below poverty level
(X)
15.7
With related children under 18 years
294
(X)
Percent below poverty level
(X)
22.5
With related children under 5 years
83
(X)
Percent below poverty level
(X)
22.1
Families with female householder, no husband present
164
(X)
Percent below poverty level
(X)
33.5
With related children under 18 years
140
(X)
Percent below poverty level
(X)
45.0
With related children under 5 years
27
(X)
Percent below poverty level
(X)
42.9
Individuals
2,073
(X)
Percent below poverty level
(X)
20.9
18 years and over
1,421
(X)
Percent below poverty level
(X)
19.1
65 years and over
296
(X)
Percent below poverty level
(X)
15.8
Related children under 18 years
626
(X)
Percent below poverty level
(X)
25.5
Related children 5 to 17 years
484
(X)
Percent below poverty level
(X)
25.3
Unrelated individuals 15 years and over
639
(X)
Percent below poverty level
(X)
38.6
Subject
Number
Percent
(X) Not applicable. Detailed Occupation Code List (PDF 42KB) Detailed Industry Code List (PDF 44KB) User note on employment status data (PDF 63KB) Source: U.S. Census Bureau, Census 2000 Summary File 3, Matrices P30, P32, P33, P43, P46, P49, P50, P51, P52, P53, P58, P62, P63, P64, P65, P67, P71, P72, P73, P74, P76, P77, P82, P87, P90, PCT47, PCT52, and PCT53
Market Access & Infrastructure
Tucumcari provides strategic access to major markets in New Mexico, Texas, and Colorado. Tucumcari is located on Interstate 40, linking us to Los Angeles on the west and New York and Chicago on the east. Amarillo is a quick 110 miles to the East and Albuquerque, New Mexico’s Largest City, is just 165 miles to the West.
Tucumcari’s regional airport is located on a major east/west flight path and is capable of accommodating private small to medium sized aircraft. The airport is a full service airport with a main runway length of 7,102 feet.
Tucumcari is also along a major route of Union Pacific Railroad, carrying significant freight traffic from Kansas City to El Paso.
Tucumcari has several sites and buildings available for projects as well as Build to Suit options.Greater Tucumcari’s Economic Development Corporation, the City of Tucumcari, and Quay County are committed to provide robust infrastructure options not always available in other areas. Tucumcari’s water reserves are plentiful and are available at attractive rates. Electric service is provided by Xcel Energy and rates are extremely competitive at 5.4 cents per kwh. Gas service is provided by PNM. All city services are available at the industrial park.
Programs & Incentives
LOCAL INCENTIVES
The Greater Tucumcari Economic Development Corporation, as advisor to the city on local gross receipts tax economic development fund, would consider capital requests for “bricks and mortar” costs as follows:
1. GTEDC and the City of Tucumcari could provide capital investment towardsconstruction of a facility on industrial park property, or of capital equipment purchases.This investment would be contingent upon the GTEDC receiving a letter of commitment on the part of Prospect to locate in Tucumcari, NM, completion of a Project Participation Agreement, and hiring a major percentage of personnel from our local labor pool.The City of Tucumcari is allowed to invest up to 5% of the General fund as allowed under the Local Economic Development Act.
2.Additionally, the City of Tucumcari and the County of Quay would consider supporting the issue of industrial revenue bonds to finance the project. The project would qualify as eligible projects include headquarters buildings, warehouses and manufacturing plants.The project could potentially be exempt for up to 30 years from gross receipts taxes on tangible property and equipment and from property taxes on land, buildings, and equipment.
GENERAL TAX CREDITS
High-Wage Jobs Tax Credit
Companies may take a credit equal to ten percent of the combined value of salaries and benefits for each new job paying a minimum of $28,0000 per year in areas with populations less than 40,000 persons; companies located in larger areas must pay salaries of $40,000 to receive the credit. Qualified employers may take the credit for up to four years and any excess credit will be refunded to the business. The credit shall not exceed $12,000 per year, per job. The credit is applied against the businesses tax liability, including the state portion of gross receipts tax, compensating tax and withholding tax.
Manufacturer's Investment Tax Credit
Manufacturers may take a tax credit of five percent of the value of qualified equipment and other property used in their operation. The credit can be applied against compensating, gross receipts or withholding tax up to 85% of the total. Any remaining available credit may be claimed in subsequent reporting periods. In addition, the company must add one new job for each credit up to $30 million; and one new employee must be hired for each $500,000 in equipment.
New Markets Tax Credit
This is an investment tax credit which varies based on the cost of the project. For example: If a business invests $1,000,000 into a low-income area of New Mexico, the business can apply for a tax credit totaling $390,000 which would be disbursed over the course of seven years. The business must remain invested in the project for a minimum of seven years to earn the tax credit.
Rural Jobs Tax Credit
Eligible employers must be located in a rural area and be approved for the JTIP program. Employers receive a credit of 6.25% of the first $16,000 in wages. If the job is located in a Tier 1 community (< 15,000 in population), the employer may take the credit for four consecutive years. Businesses located in a Tier 2 community (> 15,000 in population) may take the credit for two consecutive years. If the amount of credit exceeds the businesses tax liability, the excess may be carried forward for up to three years. Rural New Mexico is defined as any part of the state other than Los Alamos, Albuquerque, Rio Rancho, Las Cruces and Santa Fe – and a 10 mile zone around municipalities.
Technology Jobs Tax Credit
Businesses may take a credit on research expenditures of 4% (8% in rural areas). Qualified expenditures may include land, buildings, equipment, computer software and upgrades, consultants, technical literature, test materials, patents, payroll, and labor. The credit may be taken against gross receipts tax, compensating tax or state payroll tax, and may be carried forward. An additional 4% may be applied against state income tax if base payroll expenses will be increased by at least $75,000 per $1,000,000 of expenditures claimed.
Angel Investment Tax Credit
A taxpayer who files a New Mexico income tax return and who is a “qualified investor” may take a tax credit of up to $25,000 (25% of a qualified investment of not more than $100,000).
CLEAN AND RENEWABLE ENERGY
Advanced Energy Tax Credits
Advanced energy facilities, such as solar thermal electric generating, advanced technology coal generating or recycled energy, may qualify for up to $60 million in credits. The credit is equal to 6 percent of facility development and construction expenditures.
Alternative Energy Product Manufacturers Tax Credit
Manufacturers of electric or hybrid vehicles, fuel cell systems, renewable energy systems, IGCC systems, and carbon sequestration equipment may receive for a tax credit of up to 5 percent of the their capital expenses. The credit may be applied against gross receipts, compensating, or withholding tax and may be carried forward for up to 5 years.
Biodiesel Blending Facility Tax Credit
A business which installs biodiesel blending equipment owned by the rack operator for the purpose of establishing or expanding a facility to produce blended biodiesel fuel is eligible to claim a credit against gross receipts tax and compensating tax.. The credit is equal to 30% of the purchase cost of the equipment and the cost of installing that equipment. The credit cannot exceed $50,000 with respect to equipment installed at any one facility nor can the claims exceed $1,000,000 per calendar year.
Blended Biodiesel Fuel Tax Credit
Provides a tax credit on blended biodiesel fuels (minimum of 2 percent biodiesel). Gross receipts and compensating tax may be deducted for installing biodiesel blending infrastructure up to $50,000 per facility or $1 million per year.
Hybrid Vehicle Tax Exemption
Purchasers of hybrid gasoline-electric vehicles with an EPA fuel economy rating of 27.5 miles per gallon or better can save between $600 and $1,000 in-state tax savings in addition to the federal tax deduction.
Renewable Energy Production Tax Credit
Each renewable energy generator of one megawatt or more may earn an income tax credit (personal or corporate) of 2.7 cents (on average) per kilowatt-hour for the first four hundred thousand megawatt-hours (=400,000,000 kilowatts) of electricity produced for ten consecutive years, beginning with the first year of production. New Mexico’s is fully refundable.
Solar Energy Systems Gross Receipts Tax Exemption
Power produced from solar electric and solar thermal energy systems is exempt from gross receipts tax when the generated power is used on-site.
Solar Market Development Income Tax Credit
Augments the federal solar tax credit by reimbursing up to 30 percent of the cost of a solar photovoltaic or solar thermal system. Solar system owners can receive up to $2,000 federal solar tax credits and up to $9,000 in state solar tax credits.
Sustainable Building Tax Credit
This credit provides income tax credits for building energy-efficient, sustainable commercial, institutional and residential buildings. Homes must be 40 percent more energy efficient than the standard building code. Commercial and institutional buildings must be 50 percent more energy efficient.
TECHNOLOGY AND MANUFACTURING
Research and Development Gross Receipts Tax Deduction
R&D services exported from the state are deductible from the gross receipts tax.
Research & Development Small Business Tax Credit
Qualified small businesses receive a tax credit equal to the sum of all gross receipts, compensating and withholding taxes due if at least 20% of their total annual expenses are for R&D.
Rural Software and Web Site Gross Receipts Tax Deduction
Receipts from software and web development services located in rural New Mexico are deductible from the gross receipts tax.
Technology Jobs Tax Credit
Tax credits up to 8% of expenditures (including payroll) available for research and development in urban areas, doubling to 16% in rural communities.
Receipts from WATS (Wide Area Telephone Service) and private communications services are exempted from gross receipts tax and interstate telecommunications gross receipts tax act.
Board of Directors
PRESIDENT : Franklin McCaslandMountain Road RV Park
VICE PRESIDENT: Leo ThrasherCitizens Bank
SECRETARY/TREASURE Richard Primrose County Manager, Quay County BOARD MEMBERS
Bobby Rose City Manager,City of Tucumcari
Ben White Wells Fargo Bank
David HaleTucumcari Federal Savings and Loan Association Jim LaffertyTucumcari General Insurance
Mike HicklinNapa Auto Parts Ronny SandersState Farm Insurance
Nancy English English Law Firm
David Essex Xcel Energy
Our Future
Tucumcari is open for business. The partnership between the City of Tucumcari, Quay County, the Chamber of Commerce, Mesalands Community College, local businesses and the Greater Tucumcari Economic Development Corporation is focusing on ensuring the retention and expansion of business growth in the area.
Tucumcari has a small town atmosphere with a small town quality of life, and is looking for companies wanting to relocate or expand in a more relaxed setting.
New jobs will be opening up with a new lease of the Ethanol Plant, which, when renovated, will put the facility back into production. Tucumcari and the Quay County area are among "Hot Spots" in the nation for wind generated electricity so that this area will become a leader in reusable energy in New Mexico.
Advantages
Farms, ranches, and forests--these are the loci of rural America. Rural America has numerous advantages. It offers its own amenities--natural areas, outdoor recreation, broad vistas, peaceful sunsets, freedom from congestion, crime, commuting, pollution, change, diversity, and the conflicts of urban life. It also offers lower land costs, building costs, housing prices, labor costs, security costs, and taxes.
Tucumcari offers many of the advantages of large cities. Two museums, Mesalands Dinosaur Museum and Tucumcari Historical Museum, and a modern hospital, Dan C Trigg Memorial Hospital, administered by Presbyterian Health Care. The Quay County Arts and Humanities organization offers symphony, dance, and theatrical plays throughout the year. Excellent educational opportunities include a new elementary school and Mesalands Community College offering 2-year and 4-year degrees.
Agriculture
Tucumcari is surrounded by a green belt on the north and east sides of the City and vacant land south of Interstate 40. The majority of this land is utilized for pasture land, however, some crops are grown particularly in the areas north of the railroad. The majority of the agricultural land exists outside the City limits, however, there is still a small amount of land within the agricultural boundaries. An estimated 716 acres of agricultural land exists in Tucumcari.
Tourism
Tucumcari lies in the middle of some of the best outdoor recreational amenities in the State of New Mexico. Outdoor recreation opportunities are enhanced by the area's climate, which averages 600 for the annual average and ranges from 480 in the winter to the high 80's for the summer. Both the outdoor recreation and climate aspects enhance Tucumcari's potential as a major tourist center.
Tucumcari is located along Historic Route 66, which passes through the heart of the community. Along Route 66, are original buildings and neon signs that have made Tucumcari famous to many tourists.
You wouldn't expect New Mexico, landlocked and dry, to be a scuba diver's dream. But in Santa Rosa, an unassuming small town 114 miles east of Albuquerque on I-40, you can dive year-round in the clear blue waters of a spring-fed well billed as "the scuba capital of the Southwest." View more
Outdoor Ice-Skating
Long before indoor rinks made ice skating a year-round activity, the sport was a seasonal one and the venues were natural. While most of northern New Mexico's outdoor skating ponds have fallen into disuse, there remain three noteworthy spots where skaters can enjoy the brisk winter air and inspiring mountain and forest scenery as they glide and swirl the old-fashioned way-outdoors. View more
Sky-Watching
With its clear skies, thin high-altitude air, and absence of light pollution, New Mexico is one of the finest spots in the world for scrutinizing the sky. Native Americans here have revered Father Sky for centuries, and today's visitors can join the action at a pair of star-gazing bed-and-breakfast inns or on a private sky tour. View more
Industrial Park
The City of Tucumcari currently has at it’s fingertips the Tucumcari Industrial Park. The land encompasses 145 acres of undisrupted land northwest of the central business district. The industrial park is tied in to all city utilities .Electric is Provided by Xcel Energy, and Natural Gas Provided by PNM. The location has four city wells, one lift station on site, connectivity to all city utilities, and rail access (with improvements). It is zoned Commercial and is designated as a federal enterprise zone.
(X) Not applicable. Source: U.S. Census Bureau, Census 2000 Summary File 3, Matrices P52, P53, P54, P79, P80, P81, PCT38, PCT40, and PCT41
Healthcare Services
Name of Service
Description
Dan C. Trigg Memorial Hospital
37 Bed full hospital Facility
Quay County Family Health Center
Family Practice, Walk in Clinic
Quay County Medical Clinic
Family Practice
Dr. James E. Saltz Jr.
Family Physician/Pediatrics
Nur Badshah, MD
Family Medacine, Geriatic Medicine Abdominal Surgery
Thanh Nguyen-Van MD
Family Practice/ General Medicine Care
Bob's Budget Pharmacy
Full Service Pharmacy
Wellborn Pharmacy
Full Service Pharmacy
Family Vision Care CLinic
Routine Eye Care, Adult and Child
Community Services
Motels / Hotels
25+
Bed & Breakfasts
1
- Total Number of Rooms
1200+ -
Banks
3 Banks/ 2 credit Unions
Radio Stations
KQAY FM/ KTNM AM
Local Telephone Services
QWest
Weekly Newspapers
Quay County Sun Saturday & Wednesday Distributions
Civic Center / Auditorium
Tucumcari Convention Center/ THS Auditorium
Major Events / Festivals
Name of Event
Approx. Date of Event
Bluegrass Music Program
Monthly
Renew 2010- Renewable Energy Conference
April 7 & 8 2010
Quay County Fair
August
Tucumcari Rotary Club Air Show
October
Tucumcari COC Masquerade Ball
October
Quality of Life
Public Parks
5
Public Swimming Pools
1
Football / Soccer / Baseball Fields
1 Foot ball/3 Baseball
Golf Courses
1
Cinemas
1
Public Libraries
1
Museums / Galleries
2 museums/ 3 galleries
Churches
14
Education
Name of Institution
Number of Students
Tucumcari Municipal Schools
Mesalands Community College
Industrial / Business Development Sites Available
Transportation
Highways
Historic Route 66 (Interstate 40)
US Highway 54
State Highway 104
State Highway 209
Air Transportation
Nearest Airport
Miles from Airport
Tucumcari Municipal Airport
5
Location From Major Cities
Amarillo Texas
110 miles
Albuquerque, New Mexico
170 miles
Abilien Texas
343 miles
Austin Texas
636 miles
Chicago IL
1112 miles
Dallas Texas
471 miles
Denver CO
397 miles
Los Angeles CA
978 miles
Las Vegas NM
123 miles
Seattle WA
1650 miles
Employment / Unemployment
Average Hourly Wage Rates
Occupation Title
Average Starting Wage
Agricultural , Forestry & Fishing
9.62
Mining
0
Utilities
21.47
Construction
9.47
Professional And Technical Services
11.75
Wholesale Trades
9.30
Retail Trades
9.30
Transportation And Warehousing
13.20
Information
8.90
Finance and Insurance
13.97
Healthcare and Social Assistance
12.75
Accommodation and food Services
6.75
Government
14.00
Unemployment Rate:
6.4% (county, Not seasona
Source: New Mexico Department of Labor, Economic Research & Analysis Bureau, "Quarterly Census of Employment & Wages".
Taxes
Major Employers
Company Name
Category
Employment
Trigg Memorial Hospital
Medical
126
Tucumcari Municipal Schools
Education
175
Flying J Truck Stop
Convenient Store
150
Mesalands Community College
Education
56
Finance
Tucumcari’s major banks and financial institutions currently have assets in excess of $650 Million and are all solidly managed. Serving both commercial and individual customers with a broad portfolio of services and loan packages, they participate fully in economic and community development activities in the community.
In addition to traditional banking resources, Tucumcari is blessed with access to economic development resources through the New Mexico Economic Development Department including job training funds and debt financing. Programs include federal loans and grants through SBA and USDA and the Smart Money program administered by the New Mexico Finance Authority. Micro lenders include Accion and Wesstcorp. Equity financing is available through New Mexico Angels, the State Investment Council, New Mexico Community Capital, Coronado Ventures Forum, Mesa Venture, and Flywheel Ventures.
Community Financing is available through the use of Industrial Revenue Bonds and the Community Development Incentive Act as well as the Local Economic Development Act, which allows the city to participate in economic development projects as identified in its local economic development plan.
Citizen's Bank, 211 E Main St, (505) 461-1261
Everyone's Federal Credit Union, 505 E Rt 66, (505) 461-0433
Farm Credit of New Mexico, 323 S Second St, (505) 461-3020
First National Bank of New Mexico, 101 E Rt 66, (505) 461-1100
Tucumcari Federal Savings and Loan, 301 S First St, (505) 461-0191
Wells Fargo Bank, 302 S First St, (505) 461-3602
Housing
Housing in Tucumcari is very affordable. Housing costs in Tucumcari are, according to the US Census Bureau, 41% of the national median. The median home price in Tucumcari is $49,800 compared to the state median home value of $108,100, new home construction is light but steady.
The Greater Tucumcari Economic Development Corporation is committed to addressing worker housing concerns in Tucumcari, and has recently participated in a joint venture with Mesalands Community College Trades Program to train construction trades workers and build entry level homes for workers. Private investors are exploring new construction opportunities, and local financial institutions are providing solid financial terms.
Access to Capital
Tucumcari’s major banks and financial institutions currently have assets in excess of $650 Million and are all solidly managed. Serving both commercial and individual customers with a broad portfolio of services and loan packages, they participate fully in economic and community development activities in the community.
In addition to traditional banking resources, Tucumcari is blessed with access to economic development resources through the New Mexico Economic Development Department including job training funds and debt financing. Programs include federal loans and grants through SBA and USDA and the Smart Money program administered by the New Mexico Finance Authority. Micro lenders include Accion and Wesstcorp. Equity financing is available through New Mexico Angels, the State Investment Council, New Mexico Community Capital, Coronado Ventures Forum, Mesa Venture, and Flywheel Ventures.
Community Financing is available through the use of Industrial Revenue Bonds and the Community Development Incentive Act as well as the Local Economic Development Act, which allows the city to participate in economic development projects as identified in its local economic development plan.
Citizen's Bank, 211 E Main St, (505) 461-1261
Everyone's Federal Credit Union, 505 E Rt 66, (505) 461-0433
Farm Credit of New Mexico, 323 S Second St, (505) 461-3020
First National Bank of New Mexico, 101 E Rt 66, (505) 461-1100
Tucumcari Federal Savings and Loan, 301 S First St, (505) 461-0191
Wells Fargo Bank, 302 S First St, (505) 461-3602
Transportation Access
Located on historic Route 66, Tucumcari boasts both a strategic location with access to major markets in New Mexico, Texas, and Colorado, and transportation services including ground, rail, and air. Tucumcari is served by Interstate 40 and US 54 and handles approximately 20,000 vehicles per day. Amenities include two full service truck stops (Love’s and Flying J), numerous restaurants from fast food to full service, and over 1,200 rooms for economy travelers and corporate travelers alike.
Union Pacific Railway serves Tucumcari with a major trunk line from Kansas City to El Paso. Approximately 55 trains pass through Tucumcari daily, carrying east/west freight.
The City of Tucumcari operates a full service airport with a 7,102 foot main runway, capable of handling small to medium duty aircraft. It is located on a major east/west flight path. Commercial service is available one hour and 20 minutes away in Amarillo, Texas.
Highways:
Historic Route 66 (Interstate 40)
US Highway 54
State Highway 104
State Highway 209
Air Transportation:
Nearest Airport
Miles from Airport
Tucumcari Municipal Airport
5
Location From Major Cities:
Amarillo Texas
110 miles
Albuquerque, New Mexico
170 miles
Abilien Texas
343 miles
Austin Texas
636 miles
Chicago IL
1112 miles
Dallas Texas
471 miles
Denver CO
397 miles
Los Angeles CA
978 miles
Las Vegas NM
123 miles
Seattle WA
1650 miles
Excellent Education
Quality education is a point of pride in Tucumcari and Quay County. Tucumcari Public Schools has adopted “Excellence in Education” as its motto, and most recently has completed design on a new High School building campaign. The project, designed by Greer Stafford SJCF Architecture firm from Albuquerque is estimated to cost $21 million and will be completed in three phases. Phase one of construction is estimated to start in October, 2008.
Mesalands Community College provides courses designed to give aspiring students pre-collegiate skills, training for technical careers, ability to aquire an associates degrees, and courses for those preparing to transfer to a four-year institution. As a small college, Mesalands provides personal attention and a caring atmosphere that is difficult to find elsewhere. Small classes and a caring faculty create a learning environment designed to make students successful.
Mesalands Community College provides employers the ability to customize programs to meet their needs. Recent programs include the Building Trades Program, Commercial Truck Driving Program, Farrier Program, Fine Arts Bronze and Metal Working Program, Livestock Judging, and Rodeo.
Of particular note are the Paleontology Program in conjunction with the Mesalands Dinosaur Museum and the North American Wind Research and Training Center, both world class programs with world class resources.
Tucumcari is open for business. The partnership between the City of Tucumcari, Quay County, the Chamber of Commerce, Mesalands Community College, local businesses and the Greater Tucumcari Economic Development Corporation is focusing on ensuring the retention and expansion of business growth in the area.
Farms, ranches, and forests--these are the loci of rural America. Rural America has numerous advantages. It offers its own amenities--natural areas, outdoor recreation, broad vistas, peaceful sunsets, freedom from congestion, crime, commuting, pollution, change, diversity, and the conflicts of urban life. It also offers lower land costs, building costs, housing prices, labor costs, security costs, and taxes.
Tucumcari offers many of the advantages of large cities. Two museums, Mesalands Dinosaur Museum and Tucumcari Historical Museum, and a modern hospital, Dan C Trigg Memorial Hospital, administered by Presbyterian Health Care. The Quay County Arts and Humanities organization offers symphony, dance, and theatrical plays throughout the year. Excellent educational opportunities include a new elementary school and Mesalands Community College offering 2-year and 4-year degrees.
Tucumcari is surrounded by a green belt on the north and east sides of the City and vacant land south of Interstate 40. The majority of this land is utilized for pasture land, however, some crops are grown particularly in the areas north of the railroad. The majority of the agricultural land exists outside the City limits, however, there is still a small amount of land within the agricultural boundaries. An estimated 716 acres of agricultural land exists in Tucumcari.
Tucumcari lies in the middle of some of the best outdoor recreational amenities in the State of New Mexico. Outdoor recreation opportunities are enhanced by the area's climate, which averages 600 for the annual average and ranges from 480 in the winter to the high 80's for the summer. Both the outdoor recreation and climate aspects enhance Tucumcari's potential as a major tourist center.
