TO ENCOURAGE ECONOMIC DEVELOPMENT BY MAKING BUSINESS LICENSING AND OVERSIGHT TIMELY AND EFFICIENT.

WHEREAS, the state of New Mexico needs to attract more businesses and capital to enhance economic development for the benefit of all its citizens; and

WHEREAS, government should facilitate the expansion of New Mexico's existing businesses and provide incentives for new business and industry to locate here; and

WHEREAS, New Mexico's population is increasing, and more effort is needed to create jobs and preserve existing jobs; and

WHEREAS, diversification of business and industry in the state should be encouraged in order to protect against dramatic changes in the state's economy; and

WHEREAS, government oversight and licensing of businesses should be timely and efficient to facilitate and encourage businesses to locate and expand in New Mexico; and

WHEREAS, the complexity of current licensing procedures slows down the process through which businesses can expand and grow; and

WHEREAS, state agencies and commissions that regulate business and industry should streamline their procedures to shorten the time it takes for businesses to get started in New Mexico;

NOW, THEREFORE, BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO that the public regulation commission and the regulation and licensing department be requested to reexamine their procedures for the oversight, licensing and regulation of businesses and find more efficient and effective methods of licensing businesses in a timely manner; and

BE IT FURTHER RESOLVED that the public regulation commission and the regulation and licensing department submit a report to the interim legislative committee that studies economic development and to the governor on how the efficiency and timeliness of the licensing and oversight process can be improved; and

BE IT FURTHER RESOLVED that a copy of this memorial be transmitted to all members of the public regulation commission, to the secretary of regulation and licensing and to the governor.