The Committee for Economic Development, a pro-business think tank in Arlington, Virginia, recently issued a report claiming New Mexico’s economic stagnation is fueled by “crony capitalism,” which includes favors in exchange for campaign contributions. This piece originally appeared on Follow the Money, a project of the National Institute on Money in State Politics. This piece is shared through a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License. The National Institute on Money in State Politics decided to examine campaign contributions from the ten companies that benefited most from state subsidies in New Mexico, using a list provided by Good Jobs First. The examination revealed that, by and large, these companies were not major contributors to New Mexico candidates and party committees.
A new survey of New Mexico business leaders shows most think there is a real problem with the influence of money in politics. And some business groups are getting serious about plans to clean up state government. Nearly 90 percent of business leaders think all political spending should be made public, according to a poll of 250 business leaders, commissioned by the Committee for Economic Development, a Washington D.C.-area think tank. It follows the release of a CED-sponsored report conducted in conjunction with the University of New Mexico, “Crony Capitalism, Corruption, and the Economy in the State of New Mexico.” The New Mexico Association of Commerce and Industry is one of many groups speaking out in support of proposals they say would give voters—and businesses—more confidence in their leaders.
[box type=”info” style=”rounded”]THE COMMITTEE FOR ECONOMIC DEVELOPMENT is a nonprofit, nonpartisan, business-led public policy organization. [/box]
A new poll of New Mexico business leaders released today shows serious concern about the lack of transparency in New Mexico’s government and campaign finance system. The poll shows overwhelming support for reform amid worries from the business community about the lopsided influence of political donors compared to every day voters. The poll was commissioned by the Committee for Economic Development of The Conference Board (CED), a nonpartisan, business-led public policy organization, and conducted by Research & Polling, Inc.
A sample of 307 New Mexico business leaders was interviewed by telephone. All interviews were conducted between February 2nd, 2015 and February 18th, 2015. The statewide sample of business leaders included the board members of 11 Chambers of Commerce throughout the state, the largest private sector employers in New Mexico, the largest employers within various business sectors, Albuquerque Economic Forum members, Albuquerque Economic Development (AED) members, and members of the Mesilla Valley Economic Development Association (MVEDA).