Garcia Richard’s Economic Development Bill Heads To Governor

Rep. Stephanie Garcia Richard


SANTA FE – Late into the evening Wednesday, Feb. 17, the New Mexico Senate voted 38-2 in favor of passing Rep. Stephanie Garcia Richard, D-Los Alamos, Rio Arriba, Santa Fe and Sandoval counties, House Bill 139, the Economic Development Act Project (LEDA).

HB 139 expands the number of communities that can access local LEDA funding, by allowing for municipalities with a population between 10,000 and 35,000 to participate. The legislation was concurred by the New Mexico House on Thursday morning and heads to Gov. Susana Martinez’s desk.

Garcia Richard released the following statement:

“This is a huge win for the communities I represent throughout Los Alamos, Sandoval, and Rio Arriba. House Bill 139 will allow smaller communities to access important retail development dollars that will help build new infrastructure and revitalize our towns. In a session where economic development and jobs packages were few and far between and little was done to put money in the hands of working families, this is a positive step forward in making sure our local small businesses and beloved communities receive the same benefits as large corporations and populous cities.”