Sign up here to endorse the New Century Jobs Agenda and help pass important job creation initiatives during the 2013 Legislative Session.
Resolution Supporting the New Century Economy Jobs Agenda Legislative Package
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New Century Resolution (382 KB)
Whereas New Mexico faces many economic challenges and looks to begin its next 100 years as a state transitioning from a government‐reliant economy to an entrepreneurial economy by investing in jobs creators, workers, infrastructure and rural communities while supporting the mission of vital government programs.
Therefore be it resolved that the endorsers of this resolution support the following legislative agenda that was developed though input from local business, community and economic development leaders with recommendation developed out of the New Century Economy Summit to improve New Mexico’s competitiveness and opportunities for investment.
Single Sales Factor
A single sales factor allows companies to pay tax only on income from sales within the state. To date, 25 states have passed a single sales factor and passage of the single sales factor would encourage job creation and investments in New Mexico. The New Century Jobs Agenda supports reforming the tax code to include an elective single sales factor.
Corporate Income Tax Reduction
New Mexico currently has the 2nd highest Corporate Income Tax at 7.6% in a 9 state region. The New Century Jobs Agenda supports reducing the rate to 4.9% over a four‐year period to mirror the Personal Income Tax.
Local Economic Development Act (LEDA)
The LEDA program serves as a closing fund in recruiting companies to the state by providing funding to local governments for infrastructure tied to direct job creation. The New Century Agenda seeks $10 million for funding of LEDA.
Job Training Incentive Program (JTIP)
JTIP is one of the state’s best economic development tools. It invests in local workers by offering financial support for hiring and training new employees. The New Century Agenda seeks $4.75 million to assure adequate funding to support new job creation.
Capital Outlay Reform
The capital outlay process is the mechanism by which the state invests in infrastructure projects. Instead of taking a piecemeal approach, the New Century Agenda supports a focus toward evaluating and prioritizing projects based on their regional and statewide importance; bond for projects that will leverage the greatest federal match and see the project through completion to maximize the economic investment into our state.
Spaceport Informed Consent
The New Century Jobs Agenda supports the passage of an informed consent law that is extended to spacecraft manufacturers and suppliers. This will make Spaceport America more competitive with the other 12 states that have passed this type of informed consent such as Texas, Colorado, Virginia and Florida. This is required in attracting new tenants to the spaceport and for a successful commercial space industry in New Mexico.
MainStreet Investment
The New Century Jobs Agenda supports increased investment for the New Mexico MainStreet program. MainStreet works throughout the state’s downtown communities to create an economically feasible business environment through the preservation of historical and cultural locations.
Notable EndorsersAlbuquerque Hispano Chamber Lovington MainStreet Dona Ana County Legislative Coalition (DACLC) Clovis Industrial Development Corp. New Mexico Manufacturing Extension Partnership City of Lovington Roswell Chamber of Commerce Roosevelt County Community Development Corporation Roswell MainStreet Lovington Economic Development Corporation Colfax County The New Mexico Angels Carlsbad Economic Development Corporation Four Corners Economic Development Roswell-Chaves County EDC Deming-Luna County Economic Development Economic Development Corporation of Lea County All Indian Pueblo Council New Mexico IDEA Greater Tucumcari Economic Development Corporation Southern Luna County Econmic and Community Development Corp. Town of Red River Lovington Chamber of Commerce Northern Pueblos Housing Authority Rio Grande Community Development Corporation Brunacini Development Breakthru Center Lone Sun Builders, Inc. Forest City Kit Carson Electric Hester Allstate Insurance Sacred Power Corp. Jaynes Coporation Titan Development TriLumina Corp Williams LLC Taira's Inc. Living It Up Coaching Aersale Sunland Peanut Compass Components, Inc. MIS, Inc. Wilde-Z, LLC In-Compasse International KBIM Radio SAKAK Natural Resource Consulting Stolar Research Yearout Mechanical, inc SuperiAire Technologies LLC Bridgers & Paxton Consulting Engineers Otero County Economic Development Corporation Home Associates, Inc. Prescient 360, Inc. Economic Development Committee City of Jal Gallup Public Radio - KGLP RDO Strategic Consultants, LLC Tierra West LLC POD, Inc. SDV Construction Inc The Porch deli & market Altela, Inc. Taos Public Relations + Marketing International Isotopes Inc. Odle Creative Inc Aero Mechanical Industries, Inc. Entrereza, Inc. SpaceBooster LLC X-Treme-Lee Fun Balloon Adventures WESST Alamogoordo Chamber of Commerce Santa Fe Teen Arts Center New Mexico Biotechnology & Biomedical Association (NMBio) Estancia Valley Economic Development Association Association of Commerce & Industry Greater Las Cruces Chamber of Commerce Gallup McKinley County Chamber of Commerce Economic FORUM New Mexico Chamber Executives Association Rio Rancho Regional Chamber of Commece Cibola Communities Economic Development Foundation Espanola Valley Chamber of Commerce Home Builders Association of Central New Mexico New Mexico Border Industrial Association Technology Ventures Corporation JACO Outfitters, LLC New Mexico Economic Development Department New Mexico Rural Economic Development Council Regional Development Corporation Los Alamos Chamber of Commerce Hispano Chamber of Commerce de Las Cruces Union County Community Development Corporation Mesilla Valley Economic Development Alliance Greater Gallup Economic Development Corporation NAWBO NM New Mexico Rural Alliance Downtown Action Team Espanola North East Economic Development Organization, Inc. MetricPlanet.org Magdalena Area Community Developement Corperation Eastern Plains Council of Governments GilaEDA grants chamber of commerce Greater Albuquerque Chamber of Commerce Greater Gallup Economic Development Corporation Taos Entreprenerial Network Association of Commerce & Industry New Mexico Aviation Aerospace Association Consortium of Major LANL Subcontractors New Mexico Optics Industry Association NAIOP (Commercial Real Estate Development Association) Associated General Contractors - New Mexico Building Branch Professional Aerospace Contractors Association Mechanical Contractors Association of New Mexico (MCA) Las Cruces Home Builders Association New Mexico Indian Affairs Department New Mexico Small Business Development Center New Mexico Border Authority |
Total Endorsements
Since November 19, 2012 |