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F I S C A L I M P A C T R E P O R T
SPONSOR
Tripp
DATE TYPED
02/16/05
HB
564
SHORT TITLE
Socorro Small Business Development Center
SB
ANALYST
Woods
APPROPRIATION
Appropriation Contained Estimated Additional Impact Recurring
or Non-Rec
Fund
Affected
FY05
FY06
FY05
FY06
$150.0
Recurring General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to the appropriation for the Commission on Higher Education in the General Appropria-
tions Act
Relates to SB79, HB96
SOURCES OF INFORMATION
LFC Files
Responses Received From
New Mexico Commission on Higher Education (CHE)
New Mexico Economic Development Department (EDD)
SUMMARY
Synopsis of Bill
House Bill 564 – Making an Appropriation to Develop a Small Business Development Center in
Socorro and Catron Counties – appropriates $150,000 from the general fund to the Commission
on Higher Education for expenditure in FY06 for the New Mexico Small Business Development
Center at Santa Fe Community College to develop a small business development center in So-
corro and Catron counties. Any unexpended or unencumbered balance remaining at the end of
fiscal year 2006 shall revert to the general fund.
pg_0002
House Bill 564 -- Page 2
Significant Issues
The Small Business Development Center (SBDC) concept is directed to business owners and
aspiring entrepreneurs looking for low-cost information to help them make effective decisions.
The center offers four types of services: training, advising, research and technical support. The
training component involves courses, workshops and seminars. The advising component pro-
vides free, one-on-one, confidential business advice and access to partner organizations. The re-
search component includes a library of government publications, statistics and how-to literature.
The technical component includes self-paced learning programs in computerized accounting, in-
ventory control and information processing.
All services are open to the public.
CHE notes that this proposal was approved by the Santa Fe Community College Board of Re-
gents; however, this request was not included in the commission’s funding recommendation for
FY06.
EDD indicates that, at present, the nearest Small Business Development Center is in the Albu-
querque area. Further, that this legislation would be of assistance to residents of Socorro and Ca-
tron counties.
FISCAL IMPLICATIONS
The appropriation of $150,000 contained in this bill is a recurring expense to the general fund.
Any unexpended or unencumbered balance remaining at the end of FY06 shall revert to the gen-
eral fund.
CONFLICT, DUPLICATION, COMPANIONSHIP, RELATIONSHIP
Relates to the appropriation for the Commission on Higher Education in the General Appropria-
tions Act
Relates to SB79 and HB96 in that SB79 and HB96 seek to appropriate $3,000,000 from the gen-
eral fund to the Commission on Higher Education for expenditure in fiscal year 2006 to fund the
statewide New Mexico Small Business Development Center at Santa Fe Community College in
order to enhance existing core services and implement additional program services by:
•
assisting small businesses in international trade;
•
implementing formal business retention and expansion projects in local regions served;
•
supporting business incubation efforts in regions served by community colleges and local
small business development center offices;
•
providing services and support for quality management training to small businesses and
expand outreach to underserved communities.
OTHER SUBTANTIVE ISSUES
Santa Fe Community College (SFCC) has hosted the Lead Center of the New Mexico Small
Business Development Center network since 1988. SFCC provides physical space and fiscal
support services to the Lead Center, which directs and manages New Mexico’s 18 Small Busi-
ness Development Centers presently located at:
pg_0003
House Bill 564 -- Page 3
•
Albuquerque TVI Community College (South Valley and Eagle Rock Avenue centers)
•
Clovis Community College
•
Eastern New Mexico University, Roswell
•
Luna Community College, Las Vegas
•
Mesalands Community College, Tucumcari
•
New Mexico Junior College, Hobbs
•
New Mexico State University, Alamogordo
•
New Mexico State University, Carlsbad
•
New Mexico State University, Dona Ana: Las Cruces
•
New Mexico State University, Grants
•
Northern New Mexico Community College, Espanola
•
San Juan College, Farmington
•
Santa Fe Community College
•
University of New Mexico, Gallup
•
University of New Mexico, Los Alamos
•
University of New Mexico, Valencia: Los Lunas
•
Western New Mexico University, Silver City
BFW/lg