Economy and Job Creation
New Mexico’s solar job growth is on fire, with employment up 54 percent last year, according to a new report from the Washington, D.C.-based Solar Foundation.
Who will be the next leaders in the food, agriculture and natural resources industries? New Mexico State University's College of Agricultural, Consumer and Environmental Sciences Agricultural Leadership program is addressing this question.
There have been 3 coal-fired power plants providing power to thousands of homes from Paige, AZ to Farmington, NM for decades. These plants now face shutdown within the next 5 years, resulting in a major loss to New Mexico's already struggling job market.
New Mexico pulled in a No. 46 among the 50 states ranked in U.S. News & World Report’s Best States list. NM received its ranking based on 7 categories: economy, opportunities it offers to people, education, crime and corrections, roads, bridges, internet and infrastructure and the integrity and health of state government.
Rep. Jason Harper introduced a 347 page bill (HB 412) that has the potential to fix our states “Swiss cheese” tax policy and reform the state GRT. Jobs are created when businesses can rely on a consistent tax policy, and out-of-state businesses are not scared off by our GRT.
The City of ABQ is trying to weed out redundant regulations by bringing "clarity and predictability" to development regulations within the city. Existing planning and regulatory documents create a stack of paper several feet high. The new regulations would be considerably more concise and easier to understand making it more likely that there will be more development and job creation in the city.
Because receipts from some types of sales are not taxed, others must be taxed so heavily that NM's capacity to compete with surrounding states is compromised as to some heavily taxed industries. You can bet that when an out of state business is negotiating with NM about opening a plant here, a diminution of the GRT is on the table. Daily, existing NM businesses are adversly affected by the GRT. An effort is underway to equalize the GRT and thereby lower them.
It's been 8 years since the Great Recession, yet U.S. economy has been inching along, with productivity flagging and millions being locked out the labor market. Heritage Foundation periodically compares economic freedom among countries throughout the world. (and by extension, in NM)
The Mining and Minerals Division of EMNRD usually posts reports about the number of new mines created since the 1994 state mining act. This year they didn't, so we reached out and learned that the 2016 Draft of the Annual Reporting of MARP to the NM Mining Commission, like earlier reports, will state that as to regular mining no new operations have been approved since 1994. (Note, potash is not covered by the act.)
A plastics manufacturer, Keter Plastics, has acquired the Solo Cup Building south of Belen and is going to bring 175 jobs to New Mexico. Keter will invest at least $36 million in the project. The City of Belen was instrumental in bringing about the project. See the article in the Albuquerque Journal by Marie C. Baca, AJ, 1/12/17.