By Alexandre Tanzi – Managing Editor Bloomberg
September 30, 2018, 7:00 AM MDT
New Mexico’s economy leads other states in job and wage gains since President Donald Trump’s inauguration in January 2017, according to an analysis of Federal Reserve Bank of Philadelphia data. Nevada, Arizona, California, and Georgia rounded out the top five. “New Mexicans from all walks of life have collaborated for years, and done the hard work focused on ensuring business-friendly policies, diversifying the economy, maintaining fiscal discipline,” Tim Nitti, chief executive officer of the New Mexico Partnership in Albuquerque, said by email. Albuquerque Economy – Our Take New Mexico is on the verge of something special. We have seen some huge deals come through – Facebook in Los Lunas, Netflix in Albuquerque – that have helped put New Mexico on the map. It feels like it’s our time now.
During this past recession, government and defense spending wasn’t there. We have seen federal and state spending increase, which has benefitted the private sector. New Mexico has been growing organically and we have been able to attract outside companies to help improve our state’s economy.
Story originally reported on Bloomberg: https://www.bloomberg.com/news/articles/2018-09-30/new-mexico-top-performing-state-economy-since-trump-took-office
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