US Laws, Codes, Statutes & Cases

53-7A-2. Purposes.

The purposes of the Economic Development Corporation Act [ 53-7A-1 to 53-7A-6 NMSA 1978] are to:   

A.     promote, stimulate, develop and advance business, prosperity, employment and economic welfare in the state and among its citizens;   

B.     encourage and assist the location of new business and industry in this state and the rehabilitation and expansion of existing business and industry;   

C.     cooperate and act in conjunction with other organizations, public or private, in the promotion and advancement of industrial, commercial, agricultural and recreational developments in the state; and   

D.     provide for the creation of a nonprofit corporation with the responsibility to work with communities throughout New Mexico in effectuating these purposes in a manner that can be quantified and measured.