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NM SB292

NM SB292
Small Business Incubators


summary

Introduced
02/01/2021
In Committee
03/03/2021
Crossed Over
Passed
Dead
03/20/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT MAKING AN APPROPRIATION TO THE ECONOMIC DEVELOPMENT DEPARTMENT TO MANAGE AND SUPPORT SMALL BUSINESS INCUBATOR CENTERS THROUGHOUT THE STATE.

AI Summary

This bill appropriates $800,000 from the general fund to the Economic Development Department to manage and support small business incubator centers throughout New Mexico in fiscal year 2022. Any remaining, unexpended, or unencumbered funds will revert back to the general fund at the end of the fiscal year. The purpose of the bill is to provide funding for the management and support of small business incubator centers, which are programs that offer resources, services, and workspace to help new and growing small businesses succeed.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

STBTC: Reported by committee with Do Pass recommendation (on 03/03/2021)

bill text


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