NEW MEXICO

Implemented by Law or Executive Action

  • In 2025, Representative Meredith Dixon sponsored House Bill 20, which created the Technology & Innovation District within the Department of Economic Development. The bill advanced economic growth in the state and will provide millions of dollars in funding for startup companies, while expanding greatly on state entrepreneurship efforts. The new office absorbed the Office of Strategy, Science and Technology and Office of Entrepreneurship. 

  • In 2023, New Mexico established an Office of Entrepreneurship through executive department action, “Furthering the Economic Development Department’s mission of improving the lives of New Mexico families by increasing economic opportunity, building wealth, and providing a place for businesses to thrive.” The Office serves and connects all New Mexico entrepreneurs, coordinating with support organizations and incubators as well as providing guidance on resources and funding opportunities. Right to Start inspired this Office of Entrepreneurship and is collaborating with state leadership to support the office and its ongoing success.

Passed by House or Senate

  • In 2023, Representative Meredith Dixon sponsored House Bill 118, which would create a statewide Office of Entrepreneurship. The bill passed in the House and in the Senate.

New businesses create almost all net new jobs in the United States. Entrepreneurs create stronger communities, grow GDP, create homegrown jobs, increase community wealth, diversify goods and services, increase lifetime incomes, and fight inequality and poverty.

65% of Americans believe it's harder to start a business today compared to their parent’s generation. 94% of Americans believe “it’s important to America’s future” that citizens have a fair opportunity to start and grow their own businesses. 81% of entrepreneurs say that the government favors big businesses over them, and 69% say the government doesn’t care about them at all. 

Streamlining processes and removing barriers and unnecessary burdens for new, young companies to start and grow is critical to expanding entrepreneurial opportunity for all. 

Many states are realizing the importance of new, young businesses to their economic growth and are working to change and update policies. 

Resources

Your State Needs Entrepreneurs.

Interested?

Right to Start shares best practices to help policymakers support entrepreneurs. We are a leading, national nonpartisan civic organization working to expand entrepreneurial opportunity for all throughout the United States by changing minds, changing policies and changing communities. Our policy recommendations are pro-growth measures, which will remove barriers and streamline processes to starting, cut red tape, advance homegrown job creation, and build a stronger connection between entrepreneurs and government. 

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Disclaimer - For Informational Purposes