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With just 17 days remaining in the legislative session, there is still a significant amount of work to be done. Key legislative priorities continue to move through the process, and the Santa Fe Chamber of Commerce is keeping a close eye on developments that will impact the business community. Legislative Progress Governor Michelle Lujan Grisham has already signed two major pieces of legislation:
The House and Senate leadership committed to making behavioral health and competency treatment a priority, and they have followed through on that promise. However, with over two weeks left, many bills are still pending, and the state budget remains the top priority. State Budget and Federal Concerns The budget, which passed the House, is now in the Senate Finance Committee for review. A looming concern is potential federal budget cuts, which could have a significant impact on key sectors such as higher education and healthcare. Legislative leaders are considering adjustments to fill potential funding gaps, and there is speculation about a possible special session later in the year to address these issues. Taxation Proposals A proposed tax package is moving quickly through the House, which includes:
While these measures could generate an estimated $500-$600 million annually, they also raise concerns about the impact on industries that have been driving New Mexico’s economic growth. The Chamber will continue to monitor these proposals and advocate for policies that support a healthy business climate. Business-Related Legislation Several bills are of particular interest to the business community:
Workforce and Housing
A Call to Action The Chamber encourages business leaders to stay informed and engage with their elected officials. Visit www.nmlegis.gov to find your representatives, share your perspectives, and provide feedback on legislation that affects the local business community. Recognizing Leadership A special thank you to Bridget Dixon, President & CEO of the Santa Fe Chamber of Commerce, for her tireless advocacy on behalf of local businesses. Her leadership, along with the efforts of the Chamber team and board, has been instrumental in ensuring that business voices are heard at the Roundhouse. As we approach the final stretch of the session, we remain committed to keeping you updated on key developments. The next legislative update will take place on Wednesday, March 19. If you have concerns or questions, please reach out to the Chamber team. Thank you for staying engaged, and we look forward to the final weeks of this legislative session.
How It Works Here’s how you can take advantage of this new benefit:
Boost Your Recruitment Efforts
By offering this benefit, we aim to make recruitment less of a burden and more of an opportunity to grow your business. Whether you're looking for your next team member or making your first hire, the Chamber is here to help! If you’re not yet a Chamber member and want access to this benefit (along with many others), join today. Check out the job board at santafechamber.mcjobboard.net/jobs. For more details or assistance with posting jobs, contact our team at (505) 988-3279. Together, let’s make 2025 a year of growth, opportunity, and community success! March Membership Madness  The Santa Fe Chamber of Commerce is more than a business network—it’s a driving force for economic growth, advocacy, and community engagement. Through strategic initiatives that support local businesses, workforce development, and civic involvement, the Chamber helps make Santa Fe a thriving place to live, work, and do business. And March brings even more reasons to join! Our Commitment to the Community The Chamber actively builds a strong business environment by:
March Membership Madness: Join & Save! We’re launching a March Membership Madness campaign with exclusive incentives for new members. Join in March and receive:
The Santa Fe Chamber is dedicated to strengthening businesses and families. Whether you're an entrepreneur, nonprofit, or growing company, join a network of leaders shaping Santa Fe’s future. Join today! Learn more at santafechamber.com/march-madness, or contact us for details at (505) 988-3279
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March 2025
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