Bills signed to entice incoming business

SANTA FE (KRQE) – Gov. Susana Martinez on Monday signed a series of bills designed to attract more businesses to New Mexico.

One of the new laws extends the amount of time businesses can report operating losses from five years to 20 years.

Another dedicates $2 million to help small communities plan for Infrastructure improvements – especially water projects.

The third streamlines a state-sponsored job apprenticeship program.

According to the governor, making New Mexico more competitive with surrounding states is the key to building the state’s economy. The governor will not say what businesses are currently interested in moving here, but she says recent tax reforms are already making a difference.

“When we started to reform our taxes in a big way, our pipeline started to fill up significantly,” Martinez said.

What everyone wants to know is whether New Mexico will snag auto-maker Tesla’s new multi-billion-dollar battery factory.

Tesla recently announced New Mexico is one of four states in the running for the massive factory which will eventually employ up to 6,500 people.

The governor will not reveal the incentives New Mexico is offering to entice Tesla to build in the state.

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