Harold Morgan: If it sounds too good...

-A A +A

Cool startup deals should generate caution

By Harold Morgan

There are promoters — people pushing substantive projects with capital in the bank. Then there are promoters.
I grew up around the latter kind with the smoke, the mirrors, the hustle and the hot checks. I remember one attempt to build a stock issue around a $350 copper lease.
In economic development, hopes and dreams play big roles.
So headlines about the latest “next big things” should bring caution.
As context for big announcements, complaints float that Gov. Susana Martinez has done little to produce jobs in New Mexico. True enough, I think.
But the other truth is that governors can do little to “jump start” an economy.
To start, consider your car. Your battery dies. Someone appears with a good battery and jumper cables and “jump starts” your car.
Easy. Economies don’t work that way.
Still we seek jump starts. And promoters respond.
A wonderful pure promotion appeared some years back for the Artesia area. It pitched a big chicken farm.
There were the details of the water and money. The promoters, it proved, had little. The promoters did have a background in promoting through an associated public company that pushed solar collectors in the 1970s. Ah, solar, again a big thing, again pushed by government.

If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:

Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday