SENATE BILL 221

52nd legislature - STATE OF NEW MEXICO - second session, 2016

INTRODUCED BY

Michael Padilla

AN ACT

MAKING AN APPROPRIATION FOR A COOPERATIVE MARKETING PROGRAM TO ATTRACT OUT-OF-STATE PROSPECTIVE EMPLOYERS TO LOCATE THEIR BUSINESSES IN THE STATE.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     SECTION 1. APPROPRIATION.--

          A. Two million dollars ($2,000,000) is appropriated from the general fund to the economic development department for expenditure in fiscal year 2017 to develop a cooperative marketing program:

                (1) to attract out-of-state prospective employers to locate their businesses in the state;

                (2) that offers incentives for local governments and economic development organizations to participate;

                (3) that employs consistent brand messaging; and

                (4) whose effectiveness is measured and reported.

          B. Any unexpended or unencumbered balance remaining at the end of fiscal year 2017 shall revert to the general fund.

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