New Mexico – Under Governor Martinez, New Mexico falls to the bottom of another list of best states for business for fifth consecutive year. Today, Forbes released their list of Best States for Business, New Mexico ranked 47th out of 50 despite Governor Martinez’s political posturing promoting a failed Republican economic agenda. The article specifically cites a “weak labor supply and lousy current economic climate.”
“It’s obvious that Republican policies under Governor Susana Martinez failed—New Mexico remains at the bottom of the list for businesses, and our families have yet to feel the economic boon the Governor promised,” said Richard Ellenberg, Chair of the Democratic Party of New Mexico. “But we have an opportunity to change course and elect a Democratic governor next year so New Mexicans can have the opportunity to get ahead.”
Under the current Republican policies, New Mexico has seen damaging budget deficits, a drop in credit rating, and the highest unemployment in the country. Earlier year, Hulu sited a need for “larger labor pool” as the reason for choosing to create jobs in a different city. In spite of this, Republican Governor Martinez vetoed higher education funding for every college and university in the state, limiting the state’s ability to create a larger labor pool.
Currently, Republican Steve Pearce is running on the same economic agenda that failed to provide a stable economic footing for New Mexico families. Just this month, Pearce voted in favor of the GOP Tax Plan that would force New Mexicans to pay for tax cuts for the very wealthy and large corporations.