State’s big news a big letdown
January 22, 2013
Promotes creating 11 new jobs in month while losing 260-plus
Santa Fe – A press release from the state’s Economic Development Department today promoted the creation of 11 new jobs – at a cost of almost $20,000 each to taxpayers – as big news. That is hardly enough to make up for the more than 260 jobs the state says we are losing per month.
In its release today, EDD promoted the subsidizing of 11 new high-paying jobs as big news but just days ago it’s sister agency, the Department of Workforce Solutions, issued another dismal jobs report showing the state’s unemployment rate rose on news that we lost 3,200 jobs year-over-year in 2012.
That averages more than 260 jobs lost per month last year.
A report by ProgressNow NM Education shows that funds and public reporting of jobs creation success for key Economic Development programs have been drastically slashed under Martinez. By comparison, neighboring states increased – and in one case doubled – investment in similar programs and realized job creation as a result.
Since taking office in 2011:
Cut the budget for the New Mexico Partnership, the public-private organization responsible for recruiting business to the state. The budget was cut from $1.2M to just $600,000.
Virtually eliminate the Technology Commercialization Program. “The purpose of the technology commercialization program is to increase the start-up, relocation and growth of technology-based business in New Mexico to give New Mexicans the opportunity for high-paying jobs. The program’s budget is now just $18,000 – just 18% of its previous level.
Privatized the Mexican Affairs program and eliminated all job creation outcomes. Originally funded to create 230 new high-paying employment opportunities through tra
de with Mexico, the program’s budget has been cut by 75% from 2010 levels and the agency no longer has publicly reported job creation outcomes.
Decreased funding for the state’s film office by 25% and cut a number of full-time jobs from the program. Additionally she pushed for a revamp of the popular film production rebate program.
Overall, the state’s Economic Development budget has been cut by approximately 20% – or $1.5 million – under Martinez. Moreover, she eliminated job creation outcomes for two successful programs leaving the public no way to fully judge the number of jobs created, or not created, by the agency. Consequently, the programs are no longer measured according to the jobs they create or investment they generate.
“Every job we create is a step in the right direction, and welcomed by those who receive them. But, if it weren’t so serious, it would be laughable to promote the subsidizing of just 11 jobs when the state will lose that many before breakfast tomorrow,” says Pat Davis of ProgressNowNM Education.