New Mexico’s jobs are diminishing.

As the rest of the nation reaps the benefits of economic recovery, New Mexico’s economy continues to lag far behind. Our unemployment is too high and too many companies are closing up shop.

The New Mexico Department of Health points out that our economic decline has a very serious impact on families in our state. In 2014, New Mexico was one of the most impoverished states in the nation. With 20.6% of its population living in households with incomes below the poverty threshold, New Mexico’s poverty rate was the second highest in the nation — behind only Mississippi.

To make matters worse, the response by Governor Martinez and Republican leaders has been to dole out millions to out-of-state corporations and hold flashy press conferences to announce jobs that never actually show up.

But there is a better way. A number of Democratic candidates running for the State Senate this year have an exciting and innovative economic plan.

A growing number of New Mexicans are calling on their representatives to take up this Ready to Work Agenda to build a brighter future for our state.

What’s wrong with the current approach to the economy?

Everybody agrees that New Mexico’s economy needs help.
We’re just not doing as well as we should be when it comes to creating
and sustaining a strong economy that works for everyone
—not just the wealthy and big corporations.
As a recent news release from the U.S. Department of Agriculture puts it,
“While the rest of the country is well on its way to recovery from the 2008
recession, New Mexico continues to limp along with less than 1% economic
growth and rising unemployment.”

Why are we lagging so far behind the rest of the country?

Well, it’s pretty simple. The USDA
puts it like this: “Unlike just about every state in the country,
New Mexico lacks an aggressive economic growth plan.”

At a time when it seems like our biggest export is college graduates who can’t find jobs here at home,

most people are surprised to learn that there’s no coordinated economic plan coming out of Santa Fe. Instead, many politicians there spend their time playing political games, trying to divide one group of New Mexicans from another.

But there is a better way. Read on below to find out more about an exciting new economic
development strategy being championed by Democrats running for the State Senate.  

But first, a little background on
why our economy is in such bad shape…

Instead of supporting concrete plans to help put New Mexico back to work,
Republicans and the Martinez Administration have focused on holding flashy
news conferences to announce new jobs that were supposedly coming to our state.

Problem is, many of these jobs never showed up. Take a look for yourself at the facts:

“The case of the disappearing clothing company”

In October 2014, Governor Susana Martinez and Republican leaders held a big press conference to announce that 300 new jobs would be available in Valencia County due to the arrival of a new clothing manufacturer. But the company never came to New Mexico and the jobs were never created. To our knowledge, the Governor and Republican leaders never held another press conference admitting to the public that the jobs never actually materialized.

Jobs promised: 300
Jobs created: 0

“The mystery of the aerospace company that flew away”

In 2014, Governor Martinez made a big deal about an aerospace company in Moriarty that was supposed to create local jobs. This was going to be so good for the local economy that Governor Martinez devoted $1 million in state money for sewer and water line improvements to aid the company. But in the end, the company — and its jobs — took a one-way flight to California.

Taxpayer money spent: Over $1 million
Current jobs in New Mexico: 0

How many more examples are out there of the Martinez Administration and Republican leaders not delivering on their promises of new jobs? Tough to tell. Neither the Governor or Republican leaders are eager to level with New Mexico taxpayers.

Join us now!

Unemployment Rate

  • 6%
  • 4.9%
With the national unemployment rate at 4.9 percent, New Mexico is one of just six states where unemployment is 6 percent or higher.

[Santa Fe New Mexican,
March 25, 2016]

Unemployment Ranking

  • #45 – Nevada

     
  • #46 – New Mexico

     
  • #47 – West Virginia

     
In April 2016, New Mexico ranked 46th in unemployment rate.

[US Department of Labor]

 

Poverty Rate

New Mexico’s 21% poverty rate is the second-worst in the country — only Mississippi does worse.

[New Mexico Department of Health]

Unemployment Rate

  • 6%
  • 4.9%
With the national unemployment rate at 4.9 percent, New Mexico is one of just six states where unemployment is 6 percent or higher.

[Santa Fe New Mexican,
March 25, 2016]

Unemployment Ranking

  • #45 – Nevada

     
  • #46 – New Mexico

     
  • #47 – West Virginia

     
In April 2016, New Mexico ranked 46th in unemployment rate.

[US Department of Labor]

 

Poverty Rate

New Mexico’s 21% poverty rate is the second-worst in the country — only Mississippi does worse.

[New Mexico Department of Health]

Building a better economy with the
Ready to Work Jobs Agenda

Recently, Democratic candidates for the State Senate have been talking with voters about an exciting new approach to fixing what’s broken with New Mexico’s economy. Their Ready to Work Jobs Agenda includes over 40 bills introduced in the Legislature and it’s estimated that these measures would create 73,000 new jobs.

However, Republican politicians in Santa Fe have repeatedly obstructed efforts to pass these bills and start putting New Mexico back to work.

That’s why Democratic Senate candidates are emphasizing the Ready to Work Jobs Agenda on the campaign trail. Here are some of the highlights:

  • Hire New Mexico First: One proposal — Senate Bill 10 — would require state agencies to give priority to hiring New Mexico companies on state contracts. Estimated number of jobs that this bill would create: 15,000.
  • To encourage continued growth in the crucial renewable energy field, Senate Democrats also supported Senate Bill 13, which extends the tax credit for solar energy employers for another eight years. If signed into law, this legislation has the potential to create about 500 jobs in New Mexico.
  • To reverse the current trend in how the Martinez Administration’s economic policies have favored big, out-of- state corporations, Senate Bill 133 would create a new Small Business Investment Tax Credit to help homegrown employers in New Mexico hire more workers. It’s been estimated that around 500 new jobs would be created because of these new investments.

Where the candidates stand

Jobs

State Senator John Sapien, District 9

Senator Sapien supported expanding solar tax credits that help increase renewable energy jobs in our state. He also believes that every New Mexican that works hard for a living should earn a wage that can sustain a family.

Jobs

State Senator Daniel Ivey-Soto, District 15

Senator Ivey-Soto sponsored legislation increasing tax incentives for employers that create High Wage jobs in New Mexico and he supported expanding solar tax credits that help increase renewable energy jobs in our state. He’s been particularly concerned with the closing of several major area employers and has pointed to the Ready to Work economic agenda as a way to improve our dim economic outlook.

Jobs

State Senator Michael Sanchez, District 29

Senator Sanchez has been a leading supporter of the Ready to Work economic package and he has a proven record of supporting jobs legislation that is focused on average New Mexicans — not big out-of-state corporation. Senator Sanchez recently pointed out that the reason for New Mexico’s anemic recovery is, “that for the last five years, too many of the Martinez Administration’s policies were about handing out corporate welfare; too few focused on families’ bottom lines. Those policies left New Mexicans struggling, and small businesses hurting.”

Jobs

State Senator Bill Soules, District 37

One of Senator Soules’s top economic goals has been investing some of the more than $4.4 billion in unspent state funds that is currently sitting in bank accounts and doing nothing to provide vital services to New Mexico’s families. Investing these funds in our economy could create jobs across the state through building roads and bridges that our communities — and our employers — desperately need to keep pace with other states in today’s competitive economy.

Jobs

Liz Stefanics, District 39

Stefanics has called on the Legislature to become much more proactive in the way it approaches our economic challenges. Her plan includes supporting road and bridge projects in rural communities, doing more to help our many family farms and ranches thrive, and putting an end to the many wasteful tax giveaways to big out-of-state corporations.

Jobs

Jeff Steinborn, District 36

Jeff Steinborn has been talking with voters in his district about the need for New Mexico to change the way it goes about economic development. He points out that, ‘We’ve passed so many tax incentives to attract industries that could come here. In reality, I think we’ve done too much of that in the past six years. We need to develop from the bottom up – investing in early childhood education, in vocational training, and in developing industries here, like film and emerging media, value-added agriculture and aerospace.”