Latest news with #AndyHume
Yahoo
24-04-2025
- Business
- Yahoo
Las Cruces City Council approves Master Plan for airport
EL PASO, Texas (KTSM) — The Las Cruces City Council adopted the Las Cruces International Airport Master and Layout plans on Monday, April 21, during a regular session. The director of the Las Cruces International Airport, Andy Hume, said the airport followed a comprehensive three-year process for developing an ambitious Master Plan. According to a news release by the City of Las Cruces, the plan includes creating an airport that is a thriving gateway to Las Cruces and focuses on creating economic opportunities for the region. Hume and his team 'followed a rigorous planning process that was outlined by the Federal Aviation Administration and includes two aspects that receive FAA approval, the forecast of aviation activity and the airport layout plan,' the City said. The City said that for the first time in the airport's forecast, Las Cruces International received approval for interstate passenger air service. Hume said he believes the first interstate passenger air service will be to Phoenix, but there is no definitive timetable for it to begin. 'The Master Plan also includes infrastructure priorities, becoming a regional economic development engine, cooperation with the Las Cruces Innovation and Industrial Park and the continued pursuit of funding opportunities,' read the news release by the City. Hume said the airport received $2 million for infrastructure improvements during the 2025 legislative session. In addition, the Council also approved contracts with three firms for Landscape Architectural Design Services for work not to exceed $2 million annually per vendor, according to the City. The City said the process allows Parks and Recreation to more efficiently complete design work necessary for a vast array of public services including neighborhood parks, athletic fields, sports courts, trails, medians and other rights-of-way landscape improvements. Monday's Council meeting, along with all City Council regular meetings and work sessions, can be viewed on the City's YouTube channel. Councilors will next meet in a work session that includes a public hearing on the proposed budget for the next fiscal year at 1 p.m. Monday, April 28, in Council Chambers at City Hall, 700 N. Main St. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
23-04-2025
- Business
- Yahoo
Time Finance delivers £500,000 lending package to Red Security
Time Finance has provided a £500,000 ($664,850) asset-based finance facility to Red Security for expansion and acquisition. The package, which includes a £425,000 disclosed invoice finance facility and a £75,000 refinanced asset finance facility, is designed to support Red Security's growth strategy, including potential business acquisitions and product line expansion. The asset-based lending solution will enable Red Security to enhance its Halo product line, which features AI and cloud-based security systems tailored for construction and rail sector clients. Time Finance said this financial backing allows the company to expand its technology and product offerings across the UK, responding to the rising demand for surveillance solutions and managing increased contract volumes. Red Security plans to use the invoice finance funding to optimise cashflow management as it takes on new business. The business also aims to build ten new bespoke Halo mobile CCTV towers, with ambitions to expand this to 50 units in the coming months, leveraging the specialist asset finance funding solution provided. Time Finance head of sales Andy Hume said: 'In times of uncertainty for many SMEs, I am thrilled that the Time Finance team and JKK12 brokerage have been able to facilitate this bespoke multi-product funding solution for Red Security, and help them grow their operations and product line. 'We know the pressures that businesses are facing right now, with rising overheads and a rumbling sense of apathy in the economy, but funding solutions such as this can act as a lifeline for those still seeking growth and opportunities. We look forward to seeing what Rob and his team can achieve with the additional headroom and investment potential in their assets.' Red Security managing director Rob Kennedy said: 'We have been operating from our base in the North West since 2012, and in that time, we have grown considerably, taking on new and exciting clients. When introduced to Time Finance through JKK12 brokerage, we had an existing invoice facility elsewhere to help us manage cash flow. 'But as we had grown and taken on a number of new clients, our current lender was not able to adapt to this, and we needed a new deal to help protect our cash flow and secure funds to invest in our developing product line.' Time Finance recently appointed Danielle Lynch as relationship manager within its invoice finance division. With more than 20 years of experience in financial services, Lynch previously worked as head of invoice finance at Funding Alternative Group and held roles at Bibby Financial Services, Scottish Pacific Business Finance, and Westminster National Finance Brokers. "Time Finance delivers £500,000 lending package to Red Security" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
