Bill > HB227

This bill appropriates $2,000,000 from the state's general fund to the economic development department for fiscal year 2017 to create a cooperative marketing program aimed at attracting businesses from outside the state to establish operations within New Mexico. The program will offer incentives to encourage local governments and economic development organizations to participate, ensure a unified brand message across all marketing efforts, and include mechanisms to measure and report on the program's success. Any funds not spent or committed by the end of fiscal year 2017 will be returned to the general fund.