The governor signed a bill Wednesday boosting funds for small businesses.
Senate Bill 10 will double the funding for the state’s Small Business Investment Corporation from 1 to 2-percent of the permanent fund. That allows the state to invest $100 million in small businesses right in your backyard.
“We are investing a great deal into New Mexico’s economy, hundreds of millions and we are excited about that,” Gov. Michell Lujan Grisham said.
The governor says a majority of those investments will go toward female and minority-owned companies.