{"data":{"id":"us-nm/53-7a-2","jurisdiction":"us-nm","citation":"53-7A-2","heading":"Purposes.","body":"The purposes of the Economic Development Corporation Act are to:\nA. promote, stimulate, develop and advance business, prosperity, employment and economic welfare in the state and among its citizens;\nB. encourage and assist the location of new business and industry in this state and the rehabilitation and expansion of existing business and industry;\nC. cooperate and act in conjunction with other organizations, public or private, in the promotion and advancement of industrial, commercial, agricultural and recreational developments in the state; and\nD. provide for the creation of a nonprofit corporation with the responsibility to work with communities throughout New Mexico in effectuating these purposes in a manner that can be quantified and measured.","path":["Chapter 53 - Corporations","ARTICLE 7A Economic Development Corporation"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18556/index.do","current_through":"2025-06-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"09dc8f2b8ca21be0a578ce37879a2e7c6e58ab819beb88755123e2af042e1dde","source_id":"us-nm","stale":false,"prev":"us-nm/53-7a-1","next":"us-nm/53-7a-3"},"notice":"GroundRules: Original legal text. Not legal advice."}