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Bidding Big For Corporate Development

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Sounder Bruce via Wikimedia Commons
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Let's Talk New Mexico 11/16 8a: New Mexico is one of dozens of states and communities vying for Amazon’s second headquarters. Many places are promising hefty incentives to land the deal, just as we did unsuccessfully several years ago for a Tesla facility. Should New Mexico offer incentives to lure big companies that could jumpstart our economy? Email letstalk@kunm.org, use the hashtag #letstalkNM on Twitter or call in live during the show.

 

Amazon has promised the successful bidder in this competition will get $5 billion in investment and 50,000 jobs. Supporters say this gets us on the radar of big employers, even if we don’t land a big project. But critics say multimillion dollar corporations are using incentives to pit communities and states against one another, with corporations the ultimate winners. Meanwhile, in New Mexico we have the second highest unemployment rate right now and we’re seeing a brain drain of our best and brightest workers.

  • Does this kind of gamesmanship makes sense for our struggling economy?
  • Should we be thinking big by bidding for Amazon or other big employers?
  • How else are officials at the municipal and state levels working to help companies start and expand here, especially home-grown companies?

Additional reading:

Megan has been a journalist for 25 years and worked at business weeklies in San Antonio, New Orleans and Albuquerque. She first came to KUNM as a phone volunteer on the pledge drive in 2005. That led to volunteering on Women’s Focus, Weekend Edition and the Global Music Show. She was then hired as Morning Edition host in 2015, then the All Things Considered host in 2018. Megan was hired as News Director in 2021.
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