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- Breaking News
Alan M. Webber
We New Mexicans know that our state is doing far too poorly in too many important categories. We hate the ratings, but we can’t ignore them unless we’re willing to accept the status quo. Because the hard truth is, the headlines and the numbers don’t lie.
We have some of the worst unemployment statistics in the country. We’re at the bottom when it comes to children living in poverty; when it comes to the overall well-being of children, we rank next to the bottom. Too many New Mexicans find themselves trapped in a vicious cycle of poverty, which leads More >
Brian McDonald, Jim Peach, Lee Reynis, Chuck Wellborn
Employment levels in New Mexico are still not back to the levels achieved in 2007 before the Great Recession. The state has been hit hard by the federal sequestration, the bust in construction activity and now the decline in energy prices. Despite claims that recent job gains signal economic recovery, these new jobs continue to be largely healthcare jobs and are due not to state economic-development initiatives but to enactment of the federal Affordable Care Act and the resulting increase in medical care for state residents. Albuquerque Business First reported on April 29 that, More >
Before the Senate Finance Committee, Jan. 20, 2016
In the short run, the New Mexico economy faces considerable uncertainty. A few things to watch:
Employment growth is the key to sustaining personal income growth and
• State job growth has been modest during the recovery.
• Although Albuquerque has shown some strength in recent months, the rest of the state is much weaker.
Oil and Gas:
Many oil analysts expect a protracted period of low oil prices. … Without a substantial reduction in world production in 2016, there is little reason to anticipate a rebound in oil prices. … The big players in More >
One of the most dramatic trends affecting the U.S. economy in the past several decades has been the rise of entrepreneurial activity as a foundation for business and job growth. While small businesses of all types have always played a critical role and continue to do so, a combination of technology, financial capital, market evolution and support infrastructure has launched a new type of entrepreneur, one focused on innovation.
Innovation in this context is used to mean new approaches to solving practical problems through business ventures, including reimagining product design, business models and markets. At its extreme, “disruptive innovation” topples More >
Microeconomics (from Greek prefix mikro- meaning “small”) is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.
This is in contrast to macroeconomics, which involves the “sum total of economic activity, dealing with the issues of growth, inflation, and unemployment.” Microeconomics also deals with the effects of national economic policies (such as changing taxation levels) on the aforementioned aspects of the economy.
Looking at this basic Wikipedia definition from a localist perspective, let’s dive right in:
Individual behavior means making choices based on your own limited resources. Knowing where your food More >
You may have heard that every month of 2016, so far, has broken average global temperature records to date, that they are digging mass graves in India in anticipation of deaths caused by the record-breaking heat waves expected this summer, and that there’s currently a state of disaster declared in 31 counties in Texas due to unprecedented flooding from torrential rains. We are experiencing triple-digit temperatures, and there are fires raging in New Mexico and in the West that are causing people to be evacuated. The costs of damages to property and infrastructure have yet to be assessed, but More >
Goodman Realty Group’s green redevelopment projects—award-winning Hotel Andaluz and Winrock Mall—set state and national standards for water and energy conservation.
Interview by Tami Brunk
Gary Goodman has a big idea for New Mexico. In Goodman’s vision, New Mexico steps up as the global leader in resource management and technologies—beginning with water. “The path forward,” he says, “is for the six New Mexico communities—business, not-for-profit, tribal, educational, research and political—to sit at the same table and work together toward that aim.”
Goodman is hardly just an “idea man”—he’s walking his talk in big way. As CEO of Goodman Realty Group, his firm is setting More >
NHF Facilitates Tech Transfer from Government to the Private Sector
Innovation and entrepreneurship have always played an important role in the development of our nation’s economy, particularly in the 20th century, which was just getting started when New Mexico achieved statehood in 1912. During the past 100 years, the economies of our nation and state have undergone continual change, along with stages of growth and contraction.
With the advent and rapid development of the knowledge-based global economy, rural regions have struggled to gain access to the same resources to which most large metropolitan cities and regions have a ready connection. More >
At the center of one of our state’s many microeconomies, Las Cruces enjoys important advantages. We are located at the intersection of two interstate highways and less than an hour from an international airport. We are home to a major research university and adjacent to well-established aerospace and national defense installations, all engaged in cutting-edge research and innovation. Our region is rich in the energy resources that will power our future: solar, geothermal and wind.
I could go on about the many other favorable aspects of our region, like our productive farmland and beautiful landscape, as well as our public More >
For industrial hemp enthusiasts, the passage of SB 3, the Research on Industrial Hemp bill, during the 2015 legislative session, was a short-lived victory when Gov. Susana Martínez vetoed it. Proponents have continued to promote hemp for economic development, citing its more than 10,000 industrial applications, along with the state’s favorable climate for growing the hardy plant and its water-conservation benefits.
The 2016 legislative session hemp cadre included area military veterans led by Rural Coalition organizer Jaime Chávez; community and land grant activist, Jerry Fuentes; community-development leader, Mikki Anaya; Doug Fine, New Mexico organic goat rancher and author of More >
Op-Ed: The Demographic Revolution – Turning Challenges into Viable Economic-Development Opportunities
It’s been said we are entering a time in history unlike any before. The all-too-real implications of climate change, a still-fragile world economy and a divisive U.S. political environment that blocks even modest attempts to address these and other challenges are pretty much writing the story of our time. To compound matters, there is another game changer that will continue to impact our individual lives and the well-being of our cities for the first 75 years of this century. Unfortunately, in our youth-obsessed and age-averse culture, this game changer doesn’t even make most people’s list of major challenges.
It is More >
New Mexico’s Unemployment Rate
Despite a high-level strategy for economic development, New Mexico’s economy has been stagnant. The unemployment rate is the fourth highest in the United States.
New Mexico’s Department of Workforce Solutions reported that the seasonally adjusted unemployment rate remained at 6.2 percent in May, unchanged since March, but lower than the 6.6 percent rate of a year earlier. The national rate in May dropped to 4.7 percent. The decline in oil and gas prices and their effect on related industries including trade, transportation and utilities have taken a toll. The energy sector, which includes mining and logging as well More >
July 9, 10 am–Noon
ABQ Citizens’ Climate Lobby
Learn about climate change solutions that bridge the partisan divide, such as a carbon fee/dividend that gives revenue back to households. Meets the 2nd Sat. of every month. Location: email@example.com,
July 13, 8–10 am
NM Incentive Programs for Small Businesses
Sandoval Economic Alliance, 1201 Río Rancho Blvd., Río Rancho
Educational workshop by Jami Grindatto, Bob Preble and Patrick Gannon for local business owners. Light breakfast and course materials provided. Fee: $39. Peer-oriented roundtables meet every 2nd Weds. through 11/9. Presented by the SEA and the Dynamic Growth Business Resource Center. 505.238.3004, http://dgbrc.com/locations/sandoval-economic-alliance/
July 13, 20, 27
Home Composting More >
July 4, 7:30–9:30 am
La Plancha Grill at La Tienda, Eldorado, NM
Parade, food, entertainment organized by the Eldorado Residents Assoc. and Eldorado/285 Recycles. $6. Kids under 6 free. Eldorado285recycles@gmail.com
July 4, 23, 24
SF Concert Band Concerts
July 5, 3–6 pm: Kickoff Event
SF Farmers’ Market – Southside
SF Place Mall, 4250 Cerrillos Rd. (NW parking lot near Sports Authority)
Music & dance performances, bounce house and kids activities, cooking demos, photo exhibit, raffles for free groceries, food trucks. Southside Market More >
Storytellers: Teaching Heritage through Song and Story
Millicent Rogers Museum, 1503 Millicent Rogers Rd.
Textiles, paintings, traditional ceramic storytellers. By museum admission: $10/discounts. 575.758.2462, www.millicentrogers.com
July 3–4, 10 am–5 pm
Taos Veterans Creative Arts Festival
Kit Carson Park
Active duty military, veterans and Gold Star families will show and sell their own paintings, jewelry, carving, lawn art, etc. Food vendors. 575.224.1503, firstname.lastname@example.org
Integrative Medicine Professionals Symposium
7th Biennial symposium on integrative health featuring many distinguished speakers and local practitioners. Presented by the UNM School of Medicine’s Section of Integrative Medicine, Continuing Medical Education & Professional Development, Arizona Center for Integrative Medicine and Gaples Institute for More >
July 2, 9, 16, 17, 30
Coronado Historic Site, Hwy. 550 and Kuaua Rd., Bernalillo
Demonstrations begin at 10 am. 7/2: Ancient Pueblo Pottery Day; 7/9: Prairie Dog Day; 7/16: Bird Day; 7/17: Wolf Day: 7/30: Reptile Day. Admission: $3 adults, kids 16 & under free. Kuaua.com
July 9-10, 10 am–5 pm
Lavender in the Valley Festival
Hwy. 84, Abiquiú, NM (btwn. mile markerts 210 and 211)
3rd annual celebration celebrates Abiquiú businesses, artists, artisans and community. Music by flautist Ron Roybal and multi-instrumentalist Ryan Domínguez. 505.685.0082, www.purplelavenderfarm.com
ASES Solar Conference
Intercontinental Hotel, San Francisco, CA
For solar enthusiasts and professionals. Plenary sessions and forums on the More >