New Mexico is improving its business climate with a certified site program that aims to give companies easier access to the state’s advantages. This program is spearheaded by the New Mexico Economic Development Department (EDD), backed by Senate Bill 169. Renamed the Strategic Economic Development Site Readiness Act, the legislation is intended to increase New Mexico’s competitive edge in drawing in and assisting businesses.

The Act, which passed the Senate with a vote of 37 to 2, initiates a Strategic Economic Development Site Advisory Committee, consisting of public officials and members of the public with varied backgrounds in law, architecture, planning, utilities, transportation, and economic development. This committee will provide EDD with recommendations on economic development sites where investment could hasten readiness for immediate development, allowing in-depth research, mapping, and evaluation.

The bill also establishes a Site-Readiness Fund with a $24 million appropriation, this fund will be used for grants and loans to finance strategic site investments.

In addition to enhancing its business attractions, New Mexico will be hosting the National Championship Air Races (NCAR) in Roswell in September 2025. The Roswell Air Center will be used for this event, providing an optimal setting for high-speed aerial competitions. The event is predicted to draw over 100,000 spectators, providing a significant economic boost for the city and enhancing Roswell’s reputation as a prime location for aviation enthusiasts.

For individuals who have questions or require assistance from the New Mexico Economic Development Department (EDD), there are different ways to get in touch. The EDD’s website provides contact information for various divisions within the department. However, if direct contact with a representative is needed, the best way is to sign up for a callback through the department’s website. Eddcaller.com, while not officially affiliated with the EDD, provides additional tips and strategies on how to speak to a live person at the EDD in California. It offers guidelines on the best times to call to avoid high call volumes and long wait times.