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Thu January 23, 2014
Legislators Look At Making Job Creation Law
House and Senate Democratic leaders are proposing an economic development package to help create jobs in the state.
House Speaker W. Ken Martinez said Wednesday the legislation is a product of a bipartisan Jobs Council that was formed last year.
Among the provisions is $10 million for a "closing fund" to attract companies to the state by providing them with needed infrastructure. Republican Gov. Susana Martinez has made a similar proposal in her budget recommendations to the Legislature.
Lawmakers also are proposing additional money to expand the state's tourism marketing and for a program that helps subsidize the training of workers for companies that create jobs.
New Mexico had a job growth rate of 0.2 percent during the past year ending in November — the lowest rate in the region.
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