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Best States for Small Business Owners
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Deming-Luna County MainStreet receives national accreditation
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Curry County economic report shows improvement
Last updated 6/15/2021 at 2:21pm
The pandemic isn’t quite over, but as more and more people get the vaccine and are able to get out and back to normal the state and Curry County’s economies are beginning to see upward trends.
The New Mexico Economic Development Department recently released the latest of its quarterly economic reports for the state and all 33 counties. The May 2021 reports include data through the third quarter of fiscal year 2021: January, February, and March.
This is the fifth in a series of quarterly economic summaries that began in May 2020. The series provides a vivid picture of the effects the pandemic and associated public orders have had on the state’s economy. The May 2021 reports provide the first indicator of economic recovery.
State agency reports positive economic news for San Juan County Mike Easterling, Farmington Daily Times
FARMINGTON Economic activity in San Juan County is showing some signs of life, as the county s matched taxable gross receipts increased by 14% in the third quarter of the fiscal year over the previous quarter, according to figures reported by the New Mexico Economic Development Department.
That increase mirrored the economic activity for most of the state, as 27 of New Mexico s 33 counties experienced an increase in their matched taxable gross receipts, according to a monthly report released by the department on June 7. In fact, the MTGR figure for March in New Mexico was $6.4 billion, the highest monthly total since the $6.8 billion reported in December 2019. It also was the largest amount reported for the month of March in any year since Fiscal Year 2008, according to the state.
NMSU Arrowhead Center receives $1 million for clean energy tech development
Adriana M. Chávez
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Arrowhead Center at New Mexico State University will receive $1 million in funding from the U.S. Department of Energy to encourage the development and commercialization of new high-tech clean technologies in New Mexico, the DOE announced Friday.
The project, an expansion of the New Mexico Clean Energy Resilience and Growth, or NM CERG, Cluster at Arrowhead Center is in collaboration with the New Mexico Economic Development Department, Los Alamos National Laboratory and Sandia National Laboratories.
The new funding builds on work to develop the initial NM CERG cluster and run a hybrid accelerator for New Mexico clean-tech businesses, EnergySprint + SBIR (Small Business Innovation Research). The accelerator is being funded through a $50,000 competition prize the DOE’s Energy Program for Innovation Clusters, or EPIC, awarded to Arrowhead Center last year.
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