New Mexico economic development funding increased by Capital Outlay Bill

ALBUQUERQUE, N.M. – Gov. Susana Martinez signed a $293.7 million Capital Outlay Bill to expand New Mexico’s closing fund for economic development programs and provide critical funding for road and highway infrastructure.

The bill, which passed through a special legislative session, increased economic development funding by $12.5 million, to total $50 million. Local Economic Development Act (LEDA) funding helps existing businesses grow while helping to attract new business to New Mexico.

The bill also includes $70 million funding for highway infrastructure improvements identified as critical to maintaining the rapid growth of the regional economy. The investment in infrastructure is expected to create jobs and achieve objectives through repair of roads and highways impeding economic growth.

Source: Economic Development Blog

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Jeffri-Lynn Campbell

Jeffri-Lynn Campbell found her passion at age 15 with her first byline in Bangor Daily News, Bangor, Maine. She is convinced you get ink in your blood and can’t ever really leave publishing behind after that. From journalist to advertising sales person to operational manag...