Governor aims to attract high-tech jobs, startups to NM

Created: 01/03/2014 1:10 PM
By: Elizabeth Reed,

Gov. Susana Martinez today announced a series of proposals designed to bring high tech jobs to the state.

At a press conference on Friday, Gov. Martinez proposed to expand the Angel Investment Credit, which would allow for greater private investment in small New Mexico start up tech companies. It would raise the maximum individual investment threshold from $100,000 to $250,000 and increase the overall cap on the credit from $750,000 to $2 million.

Gov. Martinez also wants to combine the Technology Jobs Tax Credit with the Research and Development Small Business Tax Credit to better support new companies

"This session, we must take decisive steps to expand the pipeline of innovation in New Mexico, and then improve our tax treatment of those innovation activities once they occur," Gov. Martinez said. "New Mexico has tremendous potential to become an even stronger leader in high-tech research and development, but we must improve the way in which we support innovators who want to bring their ideas and products to the marketplace and reward the creation of technology-related jobs in our state."

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