At a special Board meeting this Monday, the Greater Albuquerque Chamber of Commerce approved an agenda for the upcoming special session that would help small businesses financially recover and tackle the budgetary crisis resulting from a sharp decline in revenues — the fallout from both the COVID-19 pandemic and major disruptions to oil and gas […]
The Bernalillo County Commission announced earlier this week that Amazon will be building a delivery fulfillment center on Albuquerque’s West Side that will create as many as 1,000 full-time jobs in a newly-built, 460,000 square foot warehouse. As part of the deal to bring the tech giant’s facility to New Mexico, the Commission will invest
As New Mexico businesses continue to struggle with the economic impacts of the COVID-19 pandemic, a recovery program established by New Mexico’s State Investment Council is beginning to distribute tens of millions of dollars in loans set aside for medium to large businesses. The New Mexico Recovery Fund is an SIC-backed initiative to keep New
As part of the first remote Board meeting in its history, the Greater Albuquerque Chamber examined the economic outlook for New Mexico through the expertise of state legislative leadership and a national energy expert. Chair of House Finance and Appropriations (HAFC) Rep. Patty Lundstrom (D — McKinley & San Juan) and Senior Vice President for
Weighed down by the double burden of a major decline in gross receipts taxes due to COVID-19 and a steep decline in global oil prices, New Mexico’s recurring revenues are expected to decline somewhere between $1.7 and $2.4 billion in FY2021, according to consensus revenue estimates released by the Governor’s office and state legislature last
One major concern for businesses as New Mexico and the country at large move toward re-opening the economy under state and federal COVID-19 safety guidelines is the lack of liability protection. If business owners make consistent good faith efforts to follow all public health guidelines to protect customers and employees, but are still at risk
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