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By Daniel J. Chacón, Santa Fe New Mexican |
February 10, 2021
The state Senate’s Tax, Business and Transportation Committee unanimously endorsed a two-pronged proposal Tuesday designed to provide businesses with economic relief and also stimulate job growth, part of an ongoing effort to help New Mexicans struggling with the fallout of the novel coronavirus pandemic.
Senate Bill 5, sponsored by Sen. George Muñoz, D-Gallup, expands the Local Economic Development Act in two ways.
“The first one provides [$200 million in] immediate economic assistance in the way of grants for thousands of small and midsize businesses to use for mortgage, rent or lease abatement so that they can rehire workers or new employees,” Alicia J. Keyes, Cabinet secretary of the Economic Development Department, told lawmakers. ....

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