Third, we knew our state economy balanced on the rise and fall of oil and gas, agriculture and the whims of Washington.
So together, legislature and executive, we worked hard to diversify our state economy and create tens of thousands of new jobs.
· We targeted incentives to attract higher paying jobs, as well as clean and renewable energy companies
· We created new industries-like TV and Film production, which have attracted more than $2 billion dollars of investment and created 10 thousand jobs.
· We even went boldly where no state has gone before---launching Spaceport America, signing Virgin Galactic as an anchor tenant, and starting a new commercial space industry in Southern New Mexico that's going to create thousands of new jobs.
Today, our economy is no longer dependent on one or two industries. It is broader and more diverse than ever, and for that reason we are weathering this financial crisis better than most.
We remain 20th in the nation for job growth, 6th in the nation in personal income growth, and we continue to have the 6th lowest unemployment in the nation. But, these statistics don't show the pain that so many New Mexicans are feeling.
Some have lost their jobs, and many worry they might be next. Families living paycheck to paycheck face harder and harder choices— food or shelter, health care or gas money. Parents fear that a tight budget will mean school closings, or fewer teachers. Workers are watching their retirement funds shrink, and communities' are worrying that cuts will mean fewer cops on the street.
Everyone understands why this must be the Year of Fiscal Restraint.
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