ACI, Rep. Stephanie Garcia Richard Introduce Legislation For New Mexico Business

Dr. Beverlee McClure

STATE News:

The New Mexico Association of Commerce and Industry (ACI) partnered with Rep. Stephanie Garcia Richard, D-43, to introduce HB 130, a bill to strengthen the procurement process in New Mexico and modernize the state’s definition of small business.

ACI President and CEO Dr. Beverlee McClure praised Garcia Richard for working closely with ACI and ACI member businesses to develop this legislation. 

“Rep. Garcia Richard’s bill takes much-needed steps to strengthen our state’s procurement process,” McClure said. “A better, more accountable procurement process gives New Mexico companies a fair chance to bid on state contracts, keeping money in New Mexico and making better use of taxpayer dollars.  This means more jobs and better opportunities for all New Mexicans.”

Rep. Stephanie Garcia Richard

“This proposal is simple, straightforward, and noncontroversial,” said Garcia Richard, whose district includes Los Alamos, Sandoval, Rio Arriba, and Santa Fe counties.  “New Mexico companies are generating tax revenue and creating jobs for the state—they deserve a clear, consistent process in place under which they can compete for state business.  In addition, New Mexico’s definition of small business is over two decades old, and countless New Mexico small businesses are needlessly excluded from opportunities because of that.”

The bill improves upon the state procurement process by allowing the state standards and specifications committee to conduct monthly reviews of RFPs coming from the state and make recommendations to state agencies. 

Further, the bill updates the state definition of small business, which currently excludes any business with over $1.5 million in annual revenues, a threshold set in the 1980s. The proposed legislation would amend the definition to include businesses with fewer than 150 employees.

ACI is New Mexico’s statewide chamber of commerce and business advocate, representing hundreds of employers and thousands of employees statewide.

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