HM 56
Page 1
A MEMORIAL
EXPRESSING APPRECIATION FOR THE ECONOMIC DEVELOPMENT
DEPARTMENT'S EFFORTS TO PROMOTE AND SUSTAIN MANUFACTURING IN
NEW MEXICO AND REQUESTING THE DEPARTMENT TO CONTINUE TO
DEVELOP TAX INCENTIVE LEGISLATION THAT PROMOTES MANUFACTURING.
WHEREAS, manufacturing is a significant source of
employment and economic benefit in the state of New Mexico;
and
WHEREAS, there is intense competition among cities,
states and even countries for new or expanding manufacturers
because of the number of jobs manufacturers provide and the
relatively high salaries that are paid to workers in those
jobs; and
WHEREAS, the state of New Mexico, at the urging of the
economic development department, has methodically and
periodically reviewed tax policies and business incentives to
ensure that those laws and policies remain effective in
attracting and sustaining manufacturers; and
WHEREAS, efforts to create a favorable business climate
have been successful as manufacturing jobs have increased just
less than four percent since 2002; and
WHEREAS, New Mexico cannot afford to become complacent
in considering tax and other business incentives as it seeks
to retain and recruit manufacturers to New Mexico;