A recent economic evaluation of the states, conducted by Bloomberg, found that New Mexico’s economic health has declined from being in the top 10 from 1995-2007 to dead last, today.
This summer, the Jobs Council, comprised of legislators and representatives from the private and public sector, was formed to come up with a strategy to get New Mexico back on track. As a legislator, whose district has been directly affected by the decline in revenue and jobs, it has been a unique and rewarding opportunity to participate as a member of the Jobs Council.
Through innovation, investment and proactive policy making, the Jobs Council offers all New Mexicans an opportunity to rethink how we approach economic development. During our initial meetings, a plan was developed to address needs at the local, regional and state level to promote job creation.
It was determined, with the help of economists and researchers, that we could return our economic health to the same levels of 2007 if we were able to create 16,000 “economic base jobs” a year over the next decade. A task that experts say is plausible by making a continued investment in job creation our top priority in the legislature.