“Shovel-Ready” Bills to Boost Business Growth

The Site-Readiness Act (SB 169) and the Utility Pre-Deployment Act (SB 170) are designed to work together in response to the need for designated economic development sites that are strategically located to become ready for businesses to move in quickly and with less expense.

“This literally lays the groundwork for economic growth in New Mexico,” EDD Cabinet Secretary Rob Black said. “New businesses can hit the ground running, and that momentum gives our state the competitive edge that will generate more and better jobs for New Mexicans.”

“As a private developer in Doña Ana County, the passage of SB169 will significantly improve New Mexico’s competitive position for site selectors,” said Christopher Lyons, developer of Westpark Logistics Center in Santa Teresa. “Companies looking to move operations to the US from Asia, and those in the digital space, need to make very quick decisions. Sites that aren’t fully improved aren’t even considered, so having shovel-ready sites is critical. This will definitely improve our opportunities to grow New Mexico’s economy.”

Read the full article from Expansion Solutions here.