Miller: How to Create Jobs

Jay Miller
Inside the Capitol - New Mexico must begin to pay attention to its small companies that already are here because they want to be here. It didn't take any money to get them here and it won't cost anything to keep them from moving. What we need to worry about is keeping them in business and helping them grow. If each of our state's thousands of small businesses could be helped to add one more employee, the effect would produce many times more jobs than bringing in big companies for a brief stay. The problem is that it isn't as sexy. It isn't as flashy for politicians and no one gets to take expensive trips or pick up the tab for big meals. For 10 years a non-profit group in Santa Fe called Santa Fe Economic Development tried to convince state and local governments that growing our own would prove to be more reliable for creating jobs than luring new companies. Its president, Catherine Zacher, and staff got out in the community and found out who needed help and what kind of help was needed. Training, networking and loans were arranged. Companies grew. But the recession brought added pressures. The economic development group's resources dwindled and no governmental agency was willing to help pick up the slack. The state must look for ways to help its loyal, home grown businesses with the level of financial resources it spends betting on strangers. Read full column here: News New Mexico

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