It is well understood that many of New Mexico’s policies are not conducive to economic development, both in the private and government sectors. Many of the issues can be traced back to the structure of governmental taxation, an area where small reforms were made in recent years. While REDI may not be the proper vehicle to reform the state’s tax structure, it can and should recommend new policies aimed at growing northern NM’s industry clusters and businesses. Based on the industry clusters identified through this process, the work of the Regional Expert Team on Public Policy would entail developing state and regional incentives for target industries, including:
1. Incentives for large manufacturers in urban areas to locate sub-plants in rural areas of the state.
2. Incentives for green and renewable energy companies to locate in the region.
3. Policies and incentives that promote small business and entrepreneurship.
4. Policies and incentives that support arts and culture businesses.
5. Use of Local Economic Development Act (LEDA) by local governments in northern NM.
6. Protection of film incentives.
7. Creation of a policy agenda, including incentives, to attract and retain health and education professionals to New Mexico.
8. Assistance in negotiating adequate broadband for the Santa Fe County Media District and neighboring communities.
9. Recommending innovative ways to invest in small farms and acequias to ensure the livelihood of traditional rural communities.
10. Assisting in agreements between rural communities and federal agencies that ensure access to forest resources.
11. Educating local officials and the general public about economic development issues and trends.