Approved project summary
Geothermal-heated greenhouse and nursery enterprise — 20+ acres under glass
Acquisition of an established greenhouse and nursery enterprise in Radium Springs, Doña Ana County — more than 20 acres of geothermal-heated greenhouses with secured groundwater rights providing 2.3 times the water required at full production, evaluated for a USDA Business & Industry guaranteed loan under Regulation 5001. The site sits 20 minutes from Las Cruces, 1.5 hours from El Paso, and within same-day distribution reach of markets across New Mexico, Texas, and Arizona, in a national nursery and garden industry generating more than $54 billion annually.