NM Changes Approach to Tax Incentives

NO MORE TAX INCENTIVES WILL BE USED TO GO AFTER CALL CENTERS IN NEW MEXICO. THAT FROM ECONOMIC DEVELOPMENT SECRETARY ALICIA KEYES … WHO THE ALBUQUERQUE JOURNAL REPORTS TOLD A LEGISLATIVE COMMITTEE ON THURSDAY THAT THE STATE IS NOW TAKING A NEW APPROACH TO THAT SITUATION. KEYES SAYS THE FOCUS WILL NOW BE ON HIGHER PAYING JOBS … AND THE COMPANIES THE STATE COULD TARGET INCLUDE OUTDOOR RECREATION, AEROSPACE, AND RENEWABLE ENERGY FIRMS.

THIS AFTER SALARIES AND WAGES IN NEW MEXICO HAVE DROPPED FURTHER BEHIND WAGES IN OTHER STATES. THE FILM INDUSTRY IS ALSO ABOUT TO EXPAND ITS PRESENCE IN NEW MEXICO SINCE THE ANNUAL SPENDING CAP ON FILM REBATES HAS BEEN DOUBLED NOW.

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