OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: Economic Diversification

Issue Position

Date: Jan. 1, 2020
Issues: Business and Consumers

We must diversify our economy so that our state is not as dependent on the federal government or the oil and gas industry for jobs and revenue. To successfully diversify, we need to leverage our sustainable competitive advantages like intellectual capital, wide open-air space, renewable technologies, and the low cost of electricity.

Boost funding to the New Mexico Partnership so they can recruit companies and ancillary businesses to Albuquerque and New Mexico.

Expand access to capital for early and mid-stage start-ups; for example, by funding the BioScience Authority Fund or making the Angel Investment Tax Credit refundable

Support Community Readiness programs and incubators so that space for companies is readily available and accessible.

Invest in proven tools such as JTIP and LEDA funds to recruit businesses to New Mexico.

Legalize the use of and tax the sale of recreational marijuana.


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