Economy & Jobs

Too many people in Washington, D.C. think that if the stock market is going up, the economy is in good shape. But that’s not the reality for working families. The way we should measure the success of the economy is if parents can afford to send their kids to college, entrepreneurs can start new businesses, and workers are able to retire with peace of mind.

As a member of the Joint Economic Committee, I am focused on building an economy that works for everyone—not just a select few. My number one priority is not only continuing to grow our economy, but also ensuring that we create good jobs that pay workers a fair and livable wage.

From making college affordable, to strengthening our nation’s infrastructure, to growing our diverse, high-tech, advanced manufacturing and clean energy industries, I remain deeply committed to strengthening New Mexico’s middle class. We must restore the basic bargain on which this country was built – that if you work hard and play by the rules, you can get ahead. I won’t stop fighting until every New Mexican who is willing to work hard to support their family and their community can find a job that supports them.

Latest

  • TOMORROW: In Key JEC Hearing, Heinrich Will Urge Congress To Rethink Methods Of Measuring Economic Growth

    Tomorrow, Wednesday, October 16, 2019, at 2:15 p.m. ET/12 p.m. MT, U.S. Senator Martin Heinrich (D-N.M.) will participate in the Joint Economic Committee hearing, "Measuring Economic Inequality in the United States," to discuss the shortcomings in measurements of inequality and possible solutions for better understanding how the benefits of economic growth are divided. Read More


  • Udall, Heinrich Say Lowering Tariffs, Improving U.S.-India Trade Relationship Would Help American Pecan Growers

    Sept. 23, 2019) - U.S. Senators Tom Udall and Martin Heinrich joined U.S. Senator David Perdue (R-Ga.) and 10 other senators on Friday in sending a letter encouraging U.S. Trade Representative Robert Lighthizer to prioritize a reduction in pecan tariffs as the Trump Administration continues trade negotiations with India. New Mexico is the nation's leading pecan-producing state. The state's production was estimated to be 90 million pounds last year. Read More


  • Heinrich’s Clean Energy Jobs Act Receives Key Hearing

    Sept. 13, 2019) - The Clean Energy Jobs Act (S. 2393), introduced by U.S. Senator Martin Heinrich (D-N.M.) received a hearing on Wednesday in the Senate Energy and Natural Resources Subcommittee on Energy. The bill establishes a comprehensive, nationwide program at the U.S. Department of Energy (DOE) to create a well-trained workforce of engineers. This program would improve education and training for careers in energy-related industries, especially for minorities and other underrepresented groups in New Mexico. Read More


  • Heinrich Fights For Pathway To Affordable College

    Sept. 12, 2019) - Today, U.S. Senator Martin Heinrich (D-N.M.) reintroduced the Degrees Not Debt Act to ensure higher education is accessible and affordable to all New Mexicans. The legislation is part of Senator Heinrich's initiative to build a brighter economic future for students in New Mexico. Read More


  • VIDEO: In Joint Economic Hearing, Heinrich Calls For Two-Generation Approach To Increase Opportunities For Families Living In Poverty

    Sept. 10, 2019) - Today, U.S. Senator Martin Heinrich (D-N.M.) joined fellow colleagues on the Joint Economic Committee for a hearing, "Making it More Affordable to Raise a Family," to highlight taking a two-generation approach to increase opportunities for families living in poverty through programs that target both parents and children. Senator Heinrich also discussed the need for paid family leave and closing the gender wage gap. Read More


  • Udall, Heinrich, Torres Small Celebrate Columbus Port of Entry Ribbon Cutting

    WASHINGTON - Today, U.S. Senators Tom Udall and Martin Heinrich and U.S. Representative Xochitl Torres Small celebrated the official opening of a modernized and expanded Columbus Port of Entry in Columbus, New Mexico. The completed project provides badly-needed improvements and expands the Columbus Port of Entry to facilitate trade, economic growth in border communities and across New Mexico, and binational cooperation between the United States and Mexico. Read More


  • Heinrich, Balderas Announce Major Progress On Xcel Energy's Sagamore Wind Project

    August 28, 2019) - U.S. Senator Martin Heinrich (D-N.M.) and New Mexico Attorney General Hector Balderas issued the following statements after Xcel Energy announced that construction on the 522-megawatt Sagamore Wind Project in Roosevelt County will move forward this year. The $900 million project will be New Mexico's largest wind farm, and once completed will provide enough clean, affordable electricity to power close to 194,000 typical homes annually. Read More


  • Udall, Heinrich, Haaland Announce $295,375 for CNM Community College to Expand ABQid Seed Fund

    WASHINGTON - U.S. Senators Tom Udall and Martin Heinrich and U.S. Representative Deb Haaland announced that the U.S. Department of Commerce's Economic Development Administration (EDA) has awarded $295,375 to Central New Mexico Community College (CNM) to enhance and develop the ABQid Seed Fund, which will support a diverse, inclusive population of entrepreneurs and business owners in Central New Mexico. Read More


  • Udall, Heinrich, Torres Small Announce $750,000 to NMSU to Develop Clean Energy Workforce

    WASHINGTON - U.S. Senators Tom Udall and Martin Heinrich and U.S. Representative Xochitl Torres Small announced that the U.S. Department of Commerce's Economic Development Administration (EDA) has awarded $750,000 to New Mexico State University’s (NMSU) College of Engineering to create the Innovation and Commercialization for Regional Energy Workforce (I-CREW). The I-CREW program will focus on accelerating clean energy technology and developing a statewide clean energy workforce. Read More


  • Udall, Heinrich, Luján Announce $384,777 to San Juan College to Launch Big Idea Innovation Accelerator

    WASHINGTON - U.S. Senators Tom Udall and Martin Heinrich and U.S. Representative Ben Ray Luján announced that the U.S. Department of Commerce's Economic Development Administration (EDA) has awarded $384,777 to San Juan College in Farmington, New Mexico to launch the Big Idea Innovation Accelerator, which will offer resources, consulting, and mentorship to boost entrepreneurship. The accelerator will provide critical assistance to entrepreneurs, researchers, and inventors as they translate innovative ideas into products, services, companies, and good jobs. WASHINGTON — U.S. Senators Tom Udall and Martin Heinrich and U.S. Representative Ben Ray Luján announced that the U.S. Department of Commerce’s Economic Development Administration (EDA) has awarded $384,777 to San Juan College in Farmington, New Mexico to launch the Big Idea Innovation Accelerator, which will offer resources, consulting, and mentorship to boost entrepreneurship. The accelerator will provide critical assistance to entrepreneurs, researchers, and inventors as they translate innovative ideas into products, services, companies, and good jobs.    "When entrepreneurs are given the right tools, they can turn good ideas into innovative products, new companies, and good-paying jobs. San Juan College’s new Big Idea Innovation Accelerator will serve as a resource hub for emerging businesses, helping to expand networks for entrepreneurs and connect them to the resources they need to succeed," said Udall. “This critical funding will help build the next generation of New Mexico entrepreneurs and innovators as they continue to drive our economy forward. As a senior member of the Senate Appropriations Committee, I’ll keep fighting for strong federal investment to boost entrepreneurship, empower local communities and support regional economies - in San Juan County and across New Mexico.”   “San Juan College is leading the way in supporting new job creating small business owners in Farmington and the entire Four Corners region,” said Heinrich, a member of the Joint Economic Committee. “Small businesses are job creators and are truly the heart of our state's economy. I’m proud to support this major federal investment to help San Juan College mentor entrepreneurs so they can build the creative, homegrown companies that will help the local economy thrive.”   “The New Mexico students I meet with always have big ideas. They’re creative, hardworking, and entrepreneurial. These funds will go a long way in bridging the waters between idea and reality. I’m excited to see what comes out of these funds because when our student’s succeed, our economy succeeds.  I know that our students will be working hard to drive New Mexico’s economy forward,” said Luján.   The grant was awarded under the EDA’s i6 Challenge, which provides funding for projects that will increase regional capacity to accelerate high-growth entrepreneurship. More information is available here.     Read More