Author Archives: Taura Costidis

Hire Power: Laws Set Path for Employment Relationship

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Joy J. Forehand, MPA, deputy secretary of the New Mexico Department of Workforce Solutions

Contributor Joy J. Forehand, MPA, deputy secretary of the New Mexico Department of Workforce Solutions

By Finance New Mexico with assistance from Joy J. Forehand, MPA, deputy secretary of the New Mexico Department of Workforce Solutions

A business owner might find the paperwork involved in hiring an employee to be intimidating, which is why many delegate those duties to a payroll service if they have enough workers to make the expenditure worthwhile.

According to Joy J. Forehand, deputy secretary of the New Mexico Department of Workforce Solutions, “entrepreneurs who do not outsource their payroll to an outside firm and choose to do it on their own need to know what state and federal laws apply to the employer-employee relationship.”

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MEP to Showcase Products Made in New Mexico

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Claudia Serrano

By Claudia Serrano, Projects Coordinator, New Mexico MEP

The New Mexico Manufacturing Extension Partnership is taking the “buy local” concept to a broader level with its New Mexico Made program.

The initiative aims to promote the companies that create and fabricate goods in New Mexico, where manufacturing is a $5.9 billion industry representing 7.4 percent of the total gross state product, according to the National Association of Manufacturers.

It does so by certifying qualifying businesses on the New Mexico Made website directory, raising the profile of the state’s manufacturers and giving participating businesses access to promotions and networking opportunities. Continue reading →

Starting a Business Means Getting All the Right Permissions

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Permit Required

By Finance New Mexico

Everyone who starts a business in New Mexico expects to fill out lots of forms. Besides the application for a Combined Reporting System, or CRS, the business owner might need special permits to handle food or alcohol sales or to operate in specific industries.

But other permissions are required for a range of business activities that might not be as obvious. And it’s the duty of the business owner to know what they are. Continue reading →

Revitalizing New Mexico’s Historic Centers of Commerce

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Jon Barela

By Secretary Jon Barela, New Mexico Economic Development Department

Economic development in New Mexico is often a joint effort of individual communities and the state’s Economic Development Department (EDD), which oversees multiple programs designed to bolster the state’s infrastructure and support the entrepreneurial ambitions of New Mexicans.

Three high profile initiatives are the New Mexico MainStreet Program and two programs that fall under its umbrella: the Frontier Communities Initiative and the Arts and Cultural Districts Program.

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