Master FIR (1988)

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F I S C A L I M P A C T R E P O R T

SPONSOR:	Sanchez, RG		DATE TYPED:	3/5/99		HB	HJM 81
SHORT TITLE:		1999 Year of Small Manufacturer				SB
					ANALYST:		Hadwiger

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY99	FY2000	FY99	FY2000	Recurring or Non-Rec	Fund Affected
			NFI

(Parenthesis ( ) Indicate Expenditure Decreases)

Duplicates/Conflicts with/Companion to/Relates to

SOURCES OF INFORMATION

LFC Files

Economic Development Department

SUMMARY

Synopsis of Bill

The memorial acknowledges the contributions of small manufacturers to the national economy as well as the role of New Mexico's Industry Network Corporation in supporting small manufacturers in New Mexico. It notes that the U.S. Secretary of Commerce has declared 1999 to be the year of the small manufacturer. It resolves that the New Mexico legislature recognize New Mexico's small manufacturers and request that the governor proclaim 1999 the year of the small manufacturer in New Mexico.

Significant Issues

According to EDD, often it is the larger manufacturers who receive recognition in the national spotlight and in New Mexico for their role in job creation and investment. This memorial highlights New Mexico's appreciation of small manufacturers and reiterates their importance in generating jobs and valuable contribution to state investment and the gross state product.

DH/njw