The local government that designated an enterprise zone shall make an annual progress report to the secretary of economic development due on the second Friday of January in the next calendar year including the following:
A. the number of new jobs created within the enterprise zone;
B. the percentage of jobs filled by economically disadvantaged workers and the percentage of long-term unemployed workers within the enterprise zone;
C. the local and private entity commitments and degree of compliance;
D. compliance with the enterprise zone plan;
E. the impact of the creation of the enterprise zone on the level of distress in the zone; and
F. new dollar investments in the enterprise zone for new or expanded business opportunities.
History: Laws 1993, ch. 33, ยง 8.
Structure 2021 New Mexico Statutes
Chapter 5 - Municipalities and Counties
Section 5-9-4 - Designation of enterprise zones; revocation of designation.
Section 5-9-5 - Eligibility requirements.
Section 5-9-7 - Administration.
Section 5-9-8 - Evaluation and reporting requirements.
Section 5-9-9 - State agency cooperation; business incentives.
Section 5-9-10 - Tax increment method of financing.
Section 5-9-11 - Tax increment procedures.
Section 5-9-12 - Enterprise zone fund; creation; use.
Section 5-9-13 - Tax increment method approval.
Section 5-9-14 - Tax increment method; base value for distribution.