Small business is the economic future of New Mexico.
Democrats know that small businesses are the engines that drive our economy. From family-owned restaurants to high-tech startups, entrepreneurs and small-business owners are crucial elements of our communities and our economy. They “represent the essence of the American spirit.” Despite recent Republican obstructionism, Democrats have continued to champion issues important to small businesses and have worked to expand access to resources that will enable greater success.
Historically, small businesses have generated two-thirds of all new American jobs. They represent an enormous boon to our economy, and their success is critical to America’s economic recovery. That’s why Democrats have fought to remove barriers that stand in the way of small businesses—helping more small businesses to get off the ground, expand, and hire new workers.
Under the Federal Recovery Act, passed under President Obama, businesses that hire previously unemployed workers can receive tax cuts, and they also can write off the purchase of new equipment. In addition, many small businesses are eligible under the historic Affordable Care Act for tax credits to offset the costs of insuring employees.
Shop Blue! Visit the DPNM Dem Business Directory
Visit the DPNM Dem Business Directory, a feature on our website—a statewide list of Democratic owned and union supported businesses throughout New Mexico. Click here to visit the directory.