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PROPER FOODS IS CLOSING ITS DOORS

5/7/2012

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DEMING, N.M. (AP) - A food processing plant in Deming is closing  its doors just four years after  receiving a $500,000 city loan.
City officials say they've just  learned the Proper Foods plant plans to close and aren't sure what they can do.
Luna County economic development executive Linda Smrkovsky told city officials late last week that she's looking at options but hasn't  yet identified any.
The Deming Headlight  reports the City Council approved the loan using  state economic development funds in 2008.
Smrkovsky says about 125 workers make prepared frozen foods like tamales and stuffed peppers at  the plant.
The loan required the company  to maintain at least 100 full-time employees and make annual payments at a 3 percent interest rate. 
City officials were unable to  immediately provide the outstanding balance. Information from: Headlight, www.demingheadlight.com 
(Copyright 2012 by The Associated Press. All Rights Reserved.)

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