The First Session of the 58th Legislature

January 4-15, 2027: Legislation may be prefiled
January 19: Opening day (noon)
February 18: Deadline for introduction
March 20: Session ends (noon)
April 9: Legislation not acted upon by governor is pocket vetoed*
June 18: Effective date of legislation not a general appropriation bill or a bill carrying an emergency clause or other specified date
*Dependent on 2026 Constitutional Amendment outcome

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$50M in state funds sought to aid businesses (SF New Mex)

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$50M in state funds sought to aid businesses

Posted: Sunday, November 23, 2014 7:00 pm | Updated: 12:42 am, Mon Nov 24, 2014.

$50M in state funds sought to aid businesses By Bruce Krasnow
The New Mexican SantaFeNewMexican.com | 4 comments

Lawmakers looking to boost economic development in New Mexico are pushing for more money for a program that funds land, equipment and construction for new and expanding businesses.

The Jobs Council, a consortium of business leaders, economists and lawmakers who have been meeting for the past 18 months, is lobbying for $50 million from the Legislature under the state Local Economic Development Act, or LEADA, to serve as a “closing fund” to pay for roads, sewers, water lines, buildings and other incentives for business expansion.

The new money for LEADA is the top priority that will move through the Legislature in January from the Jobs Council as well as the state Economic Development Department.

Other recommendations include more recruitment money to sell the advantages of New Mexico, an increase in job-training funds, money for a pilot project in forest restoration, as well as initiatives to help solo or independent contractors. The group is also seeking $4.5 million to provide economic development grants to smaller communities.

Read more here: http://www.santafenewmexican.com/news/local_news/m-in-state-funds-sought-to-aid-businesses/article_42dc07d6-363e-55e8-9936-7804ee7b2883.html