State of New Mexico
House of Representatives
W. Ken Martinez, Speaker of the House
Rick Miera, House Majority Leader
Antonio “Moe” Maestas, House Majority Whip

PRESS RELEASE

For Immediate Release – February 19, 2014                          

Contact:  Carla Aragón 505-986-4475

Carla.Aragon@nmlegis.gov

 

 

                              

Legislature Invests in Job Creation with more than $23 million in Appropriations Approved

Appropriation for Programs Recommended by Interim Jobs Council

 

SANTA FE, NM – Members of the House and Senate made a significant down payment on a plan to create 160,000 jobs in New Mexico over the next ten years.  The House passed a budget which includes more than $23 million dollars in appropriations for economic development and work training programs that will bolster our job numbers.  Most of the appropriations were based on the job creation blueprint developed in the interim by the Legislative Jobs Council, chaired by Speaker of the House W. Ken Martinez (D-Bernalillo, Cibola, McKinley, Socorro, San Juan,Valencia-69) and Senate President Pro Tem Mary Kay Papen (D-Doña Ana-38).  The bulk of the job creation appropriation goes to the Economic Development Dept. (EDD) and the Tourism Department.

 

“With this appropriation, New Mexico is making a bold statement that we are open for business,” says Speaker Martinez.  “The Legislative Jobs Council has worked diligently in a bipartisan manner to draw up a job creation blueprint.  It is a monumental task and there is a long way to go, but this is a start.  The appropriations in this budget will allow us to move the needle and begin to put New Mexicans to work.”

 

The breakdown of appropriations for economic development includes:

  • ·         $10 million for the LEDA “closing fund” for the recruitment of business to New Mexico (*JC)
  • ·         $1.5 million of recurring appropriations for training through the Job Training Incentive Program *(JC)
  • ·         $930 thousand of recurring appropriations for business recruitment and marketing (*JC)
  • ·         $150 thousand of recurring appropriations for vocational certification/testing (*JC)
  • ·         $130 thousand of recurring appropriations to support business incubators (*JC)
  • ·         $100 thousand for technology research collaborative
  • ·         $7.6 million of recurring appropriations for statewide tourism advertising (*JC)
  • ·         $1.3 million of recurring appropriations for local tourism cooperative advertising grants
  • ·         $460 thousand general fund appropriation to support Spaceport America
  • ·         $500 thousand for the MainStreet program, including funding for frontier communities
  • ·         $186 thousand to support the state’s military installations and jobs (28% increase from FY14)
  • ·         $340 thousand for apprenticeship programs

 

(*Jobs Council recommendation)

The Jobs Council estimates that New Mexico needs to create 16,000 jobs a year for the next ten years to return to economic health (pre-recession levels 2007).

 

The appropriations for job creation were included in Senate Bill 313 CS which was just passed in the House.  Speaker Martinez says there will be another $5 million dollars for economic development initiatives appropriated through the issuance of Severance Tax Bonds.

 

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