Governor Martinez worked hard to diversify New Mexico’s economy and grow the private sector. Her efforts led to New Mexico’s job growth reaching a 12-year high when she left office and the unemployment rate falling from 7.8% to 4.6%.
Governor Martinez inherited an economy in recession that had been overly dependent federal government spending for decades. That’s why Governor Martinez went to work to diversify our economy by helping small businesses and private companies grow jobs in New Mexico. By enacting job creation measures, investing in infrastructure, and cutting taxes and fees 61 times, our economy is now more diverse than ever. She passed historic tax reform that made New Mexico’s business rate competitive with surrounding states that helped local businesses grow and attracted companies from outside New Mexico. Our unemployment rate dropped from 7.8% to 4.6% and our job growth reached a 12 year high, adding over 51,000 new private sector jobs and attracting companies like Facebook, Netflix, Safelite, and Union Pacific.